126,283 Shares in Build-A-Bear Workshop, Inc. $BBW Acquired by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 126,283 Build-A-Bear shares worth approximately $3.9 million, giving it about a 1.01% stake. Institutional investors collectively own 79.3% of the company.
• Build-A-Bear exceeded quarterly EPS expectations, reporting $0.70 versus the $0.64 consensus estimate, but revenue of $115.3 million fell short of the $120.8 million forecast.
• The stock opened at $29.40, near its one-year low, while analysts held a consensus “Hold” rating with an average price target of $53.50. The company also pays a quarterly dividend of $0.23, yielding about 3.1%.

Bank of New York Mellon Corp bought a new position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 126,283 shares of the specialty retailer's stock, valued at approximately $3,866,000. Bank of New York Mellon Corp owned about 1.01% of Build-A-Bear Workshop as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new position in shares of Build-A-Bear Workshop during the 4th quarter worth $28,000. IFP Advisors Inc raised its holdings in Build-A-Bear Workshop by 68.1% in the 3rd quarter. IFP Advisors Inc now owns 501 shares of the specialty retailer's stock valued at $33,000 after buying an additional 203 shares during the period. Larson Financial Group LLC lifted its position in Build-A-Bear Workshop by 453.1% in the third quarter. Larson Financial Group LLC now owns 542 shares of the specialty retailer's stock valued at $35,000 after buying an additional 444 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Build-A-Bear Workshop in the second quarter valued at about $57,000. Finally, State of Wyoming acquired a new position in Build-A-Bear Workshop in the second quarter valued at about $59,000. Hedge funds and other institutional investors own 79.30% of the company's stock.

Build-A-Bear Workshop Price Performance

NYSE BBW opened at $29.40 on Friday. The company has a market cap of $368.59 million, a P/E ratio of 7.30 and a beta of 1.05. The stock has a 50-day moving average of $34.08 and a two-hundred day moving average of $37.25. Build-A-Bear Workshop, Inc. has a 1-year low of $27.50 and a 1-year high of $75.85.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last issued its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.06. Build-A-Bear Workshop had a net margin of 9.96% and a return on equity of 29.85%. The business had revenue of $115.29 million for the quarter, compared to analysts' expectations of $120.81 million. On average, analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.53 EPS for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were paid a $0.23 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.92 annualized dividend and a dividend yield of 3.1%. Build-A-Bear Workshop's payout ratio is 22.83%.

Insider Buying and Selling at Build-A-Bear Workshop

In other news, Director Sharon John sold 6,818 shares of the company's stock in a transaction on Monday, August 24th. The stock was sold at an average price of $40.03, for a total transaction of $272,924.54. Following the sale, the director owned 181,653 shares of the company's stock, valued at approximately $7,271,569.59. This represents a 3.62% 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.00% of the company's stock.

Analysts Set New Price Targets

BBW has been the topic of a number of research analyst reports. Zacks Research downgraded shares of Build-A-Bear Workshop from a "hold" rating to a "strong sell" rating in a research note on Monday, August 31st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Build-A-Bear Workshop in a research report on Monday, August 17th. Finally, DA Davidson dropped their target price on shares of Build-A-Bear Workshop from $60.00 to $37.00 and set a "buy" rating for the company in a report on Friday, August 28th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Build-A-Bear Workshop currently has a consensus rating of "Hold" and an average target price of $53.50.

Build-A-Bear Workshop Profile

Build-A-Bear Workshop, Inc operates a specialty retail business focused on interactive “workshop” experiences that allow customers to create customized stuffed animals. Through its in-store and online platforms, the company offers a wide range of plush toys, apparel, accessories and sound modules, enabling guests to personalize each creation. In addition to its core bear products, Build-A-Bear has expanded its portfolio to include licensed characters from leading entertainment and media franchises.

Founded in 1997 by Maxine Clark and headquartered in St.

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