DA Davidson Issues Positive Forecast for Build-A-Bear Workshop (NYSE:BBW) Stock Price

Key Points

• DA Davidson raised its price target on Build-A-Bear Workshop (NYSE:BBW) stock from $60.00 to $64.00, indicating a potential upside of 26.07% from its current price.
• The company reported $1.17 earnings per share for the last quarter, significantly exceeding analysts' expectations of $0.86.
• Insider sales included CEO Sharon Price John, who sold 31,250 shares at $45.73 each, reducing her ownership by 9.69%.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) had its price objective boosted by DA Davidson from $60.00 to $64.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "buy" rating on the specialty retailer's stock. DA Davidson's price objective would suggest a potential upside of 26.07% from the company's current price.

A number of other equities research analysts have also recently commented on the company. Wall Street Zen upgraded Build-A-Bear Workshop from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Piper Sandler increased their target price on Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an "overweight" rating in a report on Thursday, May 15th.

Build-A-Bear Workshop Stock Up 2.8%

Shares of BBW traded up $1.41 on Monday, reaching $50.77. The stock had a trading volume of 76,283 shares, compared to its average volume of 271,589. The firm has a market capitalization of $670.61 million, a PE ratio of 12.20 and a beta of 0.70. The firm has a 50-day moving average of $50.68 and a 200 day moving average of $42.73. Build-A-Bear Workshop has a twelve month low of $23.63 and a twelve month high of $55.56.

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 for the quarter, topping analysts' consensus estimates of $0.86 by $0.31. The business had revenue of $128.40 million for the quarter, compared to analysts' expectations 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. On average, sell-side analysts anticipate that Build-A-Bear Workshop will post 3.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Build-A-Bear Workshop news, CAO Eric R. Fencl sold 6,993 shares of the 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 owned 123,318 shares of the company's stock, valued at $5,980,923. This represents a 5.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sharon Price John sold 31,250 shares of the 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 completion of the transaction, the chief executive officer directly owned 291,305 shares in the company, valued at $13,321,377.65. This trade represents a 9.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,248 shares of company stock worth $2,276,383. 5.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BBW. Quarry LP purchased a new position in shares of Build-A-Bear Workshop in the 1st quarter worth $28,000. AlphaQuest LLC increased its holdings in Build-A-Bear Workshop by 106.1% in the 1st quarter. AlphaQuest LLC now owns 814 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 419 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Build-A-Bear Workshop by 494.7% in the 4th 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 in the last quarter. GAMMA Investing LLC increased its holdings in Build-A-Bear Workshop by 3,357.4% in the 1st quarter. GAMMA Investing LLC now owns 4,460 shares of the specialty retailer's stock valued at $166,000 after purchasing an additional 4,331 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Build-A-Bear Workshop by 26.0% in the 4th 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. 79.30% of the stock is owned by hedge funds and other institutional investors.

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.

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