Build-A-Bear Workshop (NYSE:BBW) Shares Down 7.1% - Time to Sell?

Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report)'s stock price dropped 7.1% during mid-day trading on Thursday . The company traded as low as $52.09 and last traded at $49.16. Approximately 96,393 shares were traded during trading, a decline of 65% from the average daily volume of 276,119 shares. The stock had previously closed at $52.89.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BBW. Wall Street Zen raised Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a research report on Sunday, June 15th. DA Davidson lifted their price target on Build-A-Bear Workshop from $50.00 to $60.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, Piper Sandler boosted their price target on Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th.

Build-A-Bear Workshop Price Performance

The company has a fifty day simple moving average of $45.14 and a two-hundred day simple moving average of $41.62. The company has a market capitalization of $711.30 million, a P/E ratio of 12.94 and a beta of 0.70.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $1.17 EPS for the quarter, beating analysts' consensus estimates of $0.86 by $0.31. The business had revenue of $128.40 million for the quarter, compared to analyst estimates of $118.90 million. Build-A-Bear Workshop had a return on equity of 40.74% and a net margin of 10.91%. During the same quarter in the prior year, the firm posted $0.82 EPS. Equities analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.63%. Build-A-Bear Workshop's payout ratio is 21.15%.

Insiders Place Their Bets

In other news, Director Craig Leavitt sold 8,250 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $50.21, for a total value of $414,232.50. Following the completion of the sale, the director directly owned 72,392 shares of the company's stock, valued at approximately $3,634,802.32. This represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Eric R. Fencl sold 6,993 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $48.50, for a total transaction of $339,160.50. Following the transaction, the chief accounting officer directly owned 123,318 shares in the company, valued at $5,980,923. This trade represents a 5.37% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,248 shares of company stock valued at $2,276,383. Corporate insiders own 5.80% of the company's stock.

Institutional Investors Weigh In On Build-A-Bear Workshop

Several hedge funds have recently made changes to their positions in BBW. Quarry LP acquired a new position in Build-A-Bear Workshop in the 1st quarter valued at approximately $28,000. AlphaQuest LLC increased its position in shares of Build-A-Bear Workshop by 106.1% during the first quarter. AlphaQuest LLC now owns 814 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 419 shares during the period. Tower Research Capital LLC TRC increased its position in shares of Build-A-Bear Workshop by 494.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the specialty retailer's stock valued at $78,000 after purchasing an additional 1,405 shares during the period. Legal & General Group Plc raised its stake in shares of Build-A-Bear Workshop by 26.0% in the fourth quarter. Legal & General Group Plc now owns 3,793 shares of the specialty retailer's stock valued at $175,000 after purchasing an additional 783 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in Build-A-Bear Workshop in the fourth quarter worth $200,000. Institutional investors own 79.30% of the company's stock.

Build-A-Bear Workshop Company Profile

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.