Build-A-Bear Workshop (NYSE:BBW) Trading Up 5.1% - Here's Why

Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report)'s stock price traded up 5.1% during mid-day trading on Tuesday . The company traded as high as $52.79 and last traded at $54.20. 34,243 shares were traded during mid-day trading, a decline of 88% from the average session volume of 275,315 shares. The stock had previously closed at $51.56.

Analyst Upgrades and Downgrades

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

Build-A-Bear Workshop Price Performance

The firm has a market capitalization of $711.36 million, a PE ratio of 12.94 and a beta of 0.70. The company's fifty day simple moving average is $44.77 and its 200 day simple moving average is $41.54.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.31. The company had revenue of $128.40 million for the quarter, compared to analysts' expectations of $118.90 million. Build-A-Bear Workshop had a net margin of 10.91% and a return on equity of 40.74%. During the same quarter in the previous year, the company earned $0.82 earnings per share. On average, analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

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 paid a $0.22 dividend. The ex-dividend date of this dividend 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%.

Insider Activity

In other Build-A-Bear Workshop news, Director Craig Leavitt sold 8,250 shares of the company's stock in a transaction 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 in the company, valued at approximately $3,634,802.32. This represents a 10.23% decrease in their position. The sale 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 dated Tuesday, June 3rd. The shares were sold at an average price of $48.50, for a total value of $339,160.50. Following the sale, the chief accounting officer directly owned 123,318 shares in the company, valued at approximately $5,980,923. The trade was a 5.37% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,248 shares of company stock worth $2,276,383 in the last ninety days. 5.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Build-A-Bear Workshop

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in shares of Build-A-Bear Workshop by 77.5% during the 4th 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 during the last quarter. Versor Investments LP acquired a new stake in shares of Build-A-Bear Workshop in the fourth quarter valued at $240,000. Kennondale Capital Management LLC acquired a new stake in shares of Build-A-Bear Workshop during the fourth quarter worth about $2,021,000. Intech Investment Management LLC acquired a new stake in shares of Build-A-Bear Workshop in the fourth quarter valued at $200,000. Finally, Koss Olinger Consulting LLC grew its stake in Build-A-Bear Workshop by 5.9% during the 4th quarter. Koss Olinger Consulting LLC now owns 21,370 shares of the specialty retailer's stock worth $984,000 after purchasing an additional 1,184 shares in the last quarter. Institutional investors and hedge funds 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.