Alliancebernstein L.P. Has $26.43 Million Holdings in Build-A-Bear Workshop, Inc. $BBW

Key Points

• Alliancebernstein L.P. reduced its stake in Build-A-Bear Workshop by 6.7% during the first quarter, now owning approximately $26.43 million worth of shares.
• Wall Street analysts have set a consensus target price of $68.00 for Build-A-Bear Workshop, with recent ratings indicating potential for growth, including upgrades from several firms.
• Build-A-Bear Workshop reported a quarterly earnings per share of $0.94, exceeding analysts' expectations and demonstrating strong financial performance with a revenue of $124.25 million.

Alliancebernstein L.P. lowered its position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 6.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 710,955 shares of the specialty retailer's stock after selling 50,778 shares during the period. Alliancebernstein L.P. owned 5.38% of Build-A-Bear Workshop worth $26,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new position in shares of Build-A-Bear Workshop during the first quarter worth approximately $250,000. Foundry Partners LLC boosted its stake in shares of Build-A-Bear Workshop by 138.1% in the first quarter. Foundry Partners LLC now owns 115,885 shares of the specialty retailer's stock valued at $4,307,000 after buying an additional 67,205 shares during the period. Squarepoint Ops LLC boosted its stake in shares of Build-A-Bear Workshop by 62.7% in the fourth quarter. Squarepoint Ops LLC now owns 18,802 shares of the specialty retailer's stock valued at $866,000 after buying an additional 7,245 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Build-A-Bear Workshop in the first quarter valued at approximately $850,000. Finally, CWA Asset Management Group LLC boosted its stake in shares of Build-A-Bear Workshop by 43.0% in the first quarter. CWA Asset Management Group LLC now owns 24,836 shares of the specialty retailer's stock valued at $923,000 after buying an additional 7,467 shares during the period. Institutional investors own 79.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. DA Davidson boosted their price target on Build-A-Bear Workshop from $64.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Zacks Research upgraded Build-A-Bear Workshop from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 29th. Wall Street Zen cut Build-A-Bear Workshop from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 23rd. Finally, Northland Securities boosted their price target on Build-A-Bear Workshop from $60.00 to $80.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, Build-A-Bear Workshop has a consensus rating of "Buy" and a consensus target price of $68.00.

Build-A-Bear Workshop Price Performance

BBW traded up $1.45 during trading on Monday, hitting $75.43. 537,842 shares of the stock traded hands, compared to its average volume of 419,393. Build-A-Bear Workshop, Inc. has a twelve month low of $30.47 and a twelve month high of $75.85. The company has a market cap of $990.40 million, a price-to-earnings ratio of 16.91 and a beta of 0.72. The business has a 50 day moving average price of $56.60 and a 200 day moving average price of $46.96.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $0.94 EPS for the quarter, beating the consensus estimate of $0.67 by $0.27. The business had revenue of $124.25 million during the quarter, compared to the consensus estimate of $116.19 million. Build-A-Bear Workshop had a net margin of 11.34% and a return on equity of 41.14%. During the same period in the previous year, the business earned $0.64 earnings per share. On average, equities research analysts predict that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, September 25th. This represents a $0.88 annualized dividend and a dividend yield of 1.2%. Build-A-Bear Workshop's dividend payout ratio is 19.73%.

Insider Activity

In other news, Director Lesli Rotenberg sold 1,755 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $53.52, for a total transaction of $93,927.60. Following the completion of the transaction, the director directly owned 11,825 shares in the company, valued at approximately $632,874. This represents a 12.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.80% of the company's stock.

Build-A-Bear Workshop 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.