37,000 Build-A-Bear Workshop, Inc. $BBW Shares Sold by North Star Investment Management Corp.

Key Points

• North Star Investment Management cut its Build-A-Bear stake by 49.8%, selling 37,000 shares and retaining 37,325 shares valued at approximately $936,000. Hedge funds and other institutional investors own 79.3% of the company.
• Build-A-Bear shares opened at $27.45, near the lower end of their $23.19–$72.19 yearly range. The company’s latest quarterly earnings of $0.70 per share exceeded estimates, although revenue of $115.29 million fell short of expectations.
• The company paid a quarterly dividend of $0.23, representing a 3.4% annualized yield. Analysts maintain a “Moderate Buy” consensus with a $53.50 average price target, despite mixed individual rating changes.

North Star Investment Management Corp. trimmed its position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 49.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,325 shares of the specialty retailer's stock after selling 37,000 shares during the period. North Star Investment Management Corp.'s holdings in Build-A-Bear Workshop were worth $936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in shares of Build-A-Bear Workshop by 2.8% in the first quarter. Janney Montgomery Scott LLC now owns 23,418 shares of the specialty retailer's stock valued at $877,000 after purchasing an additional 634 shares in the last quarter. Signaturefd LLC increased its position in Build-A-Bear Workshop by 175.3% in the third quarter. Signaturefd LLC now owns 1,250 shares of the specialty retailer's stock worth $31,000 after purchasing an additional 796 shares during the last quarter. AXQ Capital LP increased its position in Build-A-Bear Workshop by 26.1% in the second quarter. AXQ Capital LP now owns 8,167 shares of the specialty retailer's stock worth $250,000 after purchasing an additional 1,692 shares during the last quarter. State of Wyoming bought a new stake in Build-A-Bear Workshop in the second quarter worth $59,000. Finally, State of Alaska Department of Revenue raised its stake in Build-A-Bear Workshop by 33.8% during the third quarter. State of Alaska Department of Revenue now owns 10,688 shares of the specialty retailer's stock valued at $267,000 after purchasing an additional 2,697 shares in the last quarter. 79.30% of the stock is owned by hedge funds and other institutional investors.

Build-A-Bear Workshop Price Performance

Shares of NYSE:BBW opened at $27.45 on Friday. The firm has a market capitalization of $338.25 million, a PE ratio of 6.81 and a beta of 1.05. The business has a 50 day simple moving average of $27.52 and a two-hundred day simple moving average of $37.84. Build-A-Bear Workshop, Inc. has a 1 year low of $23.19 and a 1 year high of $72.19.

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 for the quarter, topping the consensus estimate of $0.64 by $0.06. Build-A-Bear Workshop had a return on equity of 29.66% and a net margin of 9.96%. The firm had revenue of $115.29 million for the quarter, compared to the consensus estimate of $120.81 million. Equities research analysts expect that Build-A-Bear Workshop, Inc. will post 3.57 EPS for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 24th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, September 24th. Build-A-Bear Workshop's dividend payout ratio is 22.83%.

Wall Street Analysts Forecast Growth

BBW has been the subject of several research reports. DA Davidson lowered their price objective on shares of Build-A-Bear Workshop from $60.00 to $37.00 and set a "buy" rating for the company in a research report on Friday, August 28th. Weiss Ratings cut shares of Build-A-Bear Workshop from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, September 11th. Finally, Zacks Research upgraded shares of Build-A-Bear Workshop from a "strong sell" rating to a "hold" rating in a report on Tuesday. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $53.50.

Insider Buying and Selling

In other Build-A-Bear Workshop news, Director Sharon John sold 6,818 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $40.03, for a total value of $272,924.54. Following the sale, the director owned 181,653 shares in the company, valued at $7,271,569.59. This trade represents a 3.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.00% of the stock is owned by company insiders.

Build-A-Bear Workshop Profile

Build-A-Bear Workshop, Inc is a specialty retailer that offers an interactive experience centered on creating and personalizing stuffed animals. Customers can select an animal, add sounds and accessories, and customize it through the company's in-store and online platforms. Its merchandise includes plush animals, clothing, accessories, games, and other products connected to popular entertainment brands and licensed characters.

Founded in 1997 and headquartered in St. Louis, Missouri, Build-A-Bear operates through company-owned and franchised retail locations, as well as its e-commerce website and other retail channels.

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