Build-A-Bear Workshop (NYSE:BBW) Shares Down 7.1% - What's Next?

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

Analyst Ratings Changes

BBW has been the topic of a number of recent analyst reports. Piper Sandler upped their price target on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. DA Davidson boosted their price objective on shares of Build-A-Bear Workshop from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Wall Street Zen raised shares of Build-A-Bear Workshop from a "buy" rating to a "strong-buy" rating in a report on Saturday.

Build-A-Bear Workshop Price Performance

The company has a market capitalization of $711.36 million, a PE ratio of 12.94 and a beta of 0.70. The stock has a 50-day simple moving average of $45.53 and a 200 day simple moving average of $41.68.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.31. The business 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 40.74% and a net margin of 10.91%. During the same quarter in the previous year, the company posted $0.82 EPS. As a group, research analysts predict that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

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

Insider Buying and Selling at Build-A-Bear Workshop

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its holdings in shares of Build-A-Bear Workshop by 77.5% during the fourth quarter. Bank of New York Mellon Corp now owns 180,045 shares of the specialty retailer's stock worth $8,289,000 after buying an additional 78,629 shares in the last quarter. Kennondale Capital Management LLC acquired a new stake in Build-A-Bear Workshop during the fourth quarter worth approximately $2,021,000. Intech Investment Management LLC purchased a new stake in Build-A-Bear Workshop in the 4th quarter worth approximately $200,000. Koss Olinger Consulting LLC raised its holdings in Build-A-Bear Workshop by 5.9% in the 4th quarter. Koss Olinger Consulting LLC now owns 21,370 shares of the specialty retailer's stock valued at $984,000 after acquiring an additional 1,184 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Build-A-Bear Workshop during the 4th quarter worth $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.