Build-A-Bear Workshop (NYSE:BBW) Trading Up 5.1% - What's Next?

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on BBW shares. Piper Sandler boosted 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. Wall Street Zen raised Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a research note on Sunday, June 15th. Finally, DA Davidson upped their price target on Build-A-Bear Workshop from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, May 30th.

Build-A-Bear Workshop Stock Performance

The firm has a market capitalization of $711.30 million, a PE ratio of 12.94 and a beta of 0.70. The firm's 50-day moving average is $45.14 and its 200 day moving average is $41.62.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last announced its earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.31. The company had revenue of $128.40 million during 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 business posted $0.82 earnings per share. As a group, equities analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Announces Dividend

The business 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 $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Thursday, June 26th. Build-A-Bear Workshop's payout ratio is currently 21.15%.

Insider Buying and Selling

In other news, CEO Sharon Price John sold 31,250 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $45.73, for a total value of $1,429,062.50. Following the sale, the chief executive officer directly owned 291,305 shares in the company, valued at $13,321,377.65. This represents a 9.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Eric R. Fencl sold 6,993 shares of the stock in a transaction on 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 have sold a total of 48,248 shares of company stock worth $2,276,383 in the last 90 days. Corporate insiders own 5.80% of the company's stock.

Hedge Funds Weigh In On Build-A-Bear Workshop

Several institutional investors and hedge funds have recently modified their holdings of BBW. Bank of New York Mellon Corp raised its holdings in Build-A-Bear Workshop by 77.5% in the 4th quarter. Bank of New York Mellon Corp now owns 180,045 shares of the specialty retailer's stock valued at $8,289,000 after acquiring an additional 78,629 shares during the last quarter. Kennondale Capital Management LLC acquired a new position in Build-A-Bear Workshop in the fourth quarter valued at $2,021,000. Intech Investment Management LLC purchased a new position in Build-A-Bear Workshop during the fourth quarter worth about $200,000. Koss Olinger Consulting LLC lifted its position in Build-A-Bear Workshop by 5.9% during the fourth quarter. Koss Olinger Consulting LLC now owns 21,370 shares of the specialty retailer's stock worth $984,000 after buying an additional 1,184 shares during the period. Finally, Harvest Fund Management Co. Ltd acquired a new stake in Build-A-Bear Workshop in the 4th quarter worth about $1,695,000. Hedge funds and other institutional investors 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.