Build-A-Bear Workshop (NYSE:BBW) Stock Price Down 4.8% - Should You Sell?

Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report) dropped 4.8% on Monday . The stock traded as low as $48.34 and last traded at $48.60. Approximately 108,456 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 271,951 shares. The stock had previously closed at $51.04.

Analyst Ratings Changes

BBW has been the subject of several research analyst reports. Wall Street Zen raised Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. DA Davidson lifted their price objective on Build-A-Bear Workshop from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, May 30th. Finally, Piper Sandler lifted their price objective on Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th.

Build-A-Bear Workshop Stock Performance

The company has a 50 day moving average price of $38.95 and a 200 day moving average price of $39.90. The company has a market capitalization of $610.25 million, a price-to-earnings ratio of 12.29 and a beta of 0.54.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last issued its earnings results on Thursday, May 29th. The specialty retailer reported $1.17 EPS for the quarter, beating the consensus estimate of $0.86 by $0.31. The company had revenue of $128.40 million during the quarter, compared to the consensus estimate of $118.90 million. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. During the same period last year, the business posted $0.82 EPS. Research analysts forecast that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current year.

Build-A-Bear Workshop Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.88 dividend on an annualized basis and a yield of 1.90%. This is an increase from Build-A-Bear Workshop's previous quarterly dividend of $0.20. Build-A-Bear Workshop's payout ratio is 21.15%.

Hedge Funds Weigh In On Build-A-Bear Workshop

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in Build-A-Bear Workshop by 307.5% during the 4th quarter. Barclays PLC now owns 74,355 shares of the specialty retailer's stock valued at $3,422,000 after purchasing an additional 56,109 shares during the last quarter. Squarepoint Ops LLC boosted its stake in Build-A-Bear Workshop by 62.7% during the 4th quarter. Squarepoint Ops LLC now owns 18,802 shares of the specialty retailer's stock valued at $866,000 after purchasing an additional 7,245 shares during the last quarter. Alta Fox Capital Management LLC acquired a new position in Build-A-Bear Workshop during the 4th quarter valued at about $5,631,000. Foundry Partners LLC acquired a new position in Build-A-Bear Workshop during the 4th quarter valued at about $2,241,000. Finally, Harvest Fund Management Co. Ltd acquired a new position in Build-A-Bear Workshop during the 4th quarter valued at about $1,695,000. Institutional investors and hedge funds own 79.30% of the company's stock.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Direct-to-Consumer, Commercial, and International Franchising. Its merchandise comprises various styles of plush products to be stuffed, pre-stuffed plush products, and sounds and scents that can be added to the stuffed animals, as well as range of clothing, shoes and accessories, and other toy and novelty items, including family sleepwear.