Build-A-Bear Workshop, Inc. $BBW Shares Newly Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 97,872 Build-A-Bear shares in the second quarter, worth approximately $3.0 million and representing about 0.78% of the company. Institutional investors collectively own 79.3% of the stock.
• Analyst sentiment is mixed: the consensus rating is Hold, with an average price target of $53.50; ratings range from Buy to Strong Sell.
• Build-A-Bear exceeded quarterly EPS expectations, reporting $0.70 versus the $0.64 estimate, though revenue fell short of forecasts. The company also announced a $0.23 quarterly dividend, representing a 3.6% yield.

Bank of America Corp DE bought a new position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 97,872 shares of the specialty retailer's stock, valued at approximately $2,996,000. Bank of America Corp DE owned approximately 0.78% of Build-A-Bear Workshop as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Build-A-Bear Workshop during the 2nd quarter valued at $30,481,000. Paradigm Capital Management Inc. NY acquired a new stake in Build-A-Bear Workshop in the 2nd quarter valued at $30,136,000. De Lisle Partners LLP acquired a new stake in Build-A-Bear Workshop in the 2nd quarter valued at $23,466,000. Dimensional Fund Advisors LP raised its position in Build-A-Bear Workshop by 2.7% in the first quarter. Dimensional Fund Advisors LP now owns 366,456 shares of the specialty retailer's stock valued at $13,724,000 after purchasing an additional 9,642 shares during the period. Finally, Meros Investment Management LP purchased a new position in Build-A-Bear Workshop in the fourth quarter valued at about $9,004,000. Hedge funds and other institutional investors own 79.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BBW. Weiss Ratings cut Build-A-Bear Workshop from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, September 11th. Zacks Research downgraded Build-A-Bear Workshop from a "hold" rating to a "strong sell" rating in a report on Monday, August 31st. Finally, DA Davidson reduced their price target on Build-A-Bear Workshop from $60.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, August 28th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $53.50.

Build-A-Bear Workshop Price Performance

NYSE BBW opened at $25.53 on Wednesday. The company has a market capitalization of $314.57 million, a price-to-earnings ratio of 6.34 and a beta of 1.05. Build-A-Bear Workshop, Inc. has a 12 month low of $24.15 and a 12 month high of $72.19. The company's fifty day moving average price is $32.10 and its two-hundred day moving average price is $34.57.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last released its 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 net margin of 9.96% and a return on equity of 29.66%. The company had revenue of $115.29 million during the quarter, compared to the consensus estimate of $120.81 million. As a group, analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.57 EPS for the current year.

Build-A-Bear Workshop Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 8th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $0.92 annualized dividend and a dividend yield of 3.6%. Build-A-Bear Workshop's dividend payout ratio is 22.83%.

Insider Buying and Selling at Build-A-Bear Workshop

In related news, Director Sharon John sold 6,818 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $7,271,569.59. This trade represents a 3.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.00% of the company's stock.

Build-A-Bear Workshop Profile

Build-A-Bear Workshop, Inc is a multichannel specialty retailer that creates interactive retail experiences centered on customizable plush animals. Customers can select a stuffed animal, add sounds and clothing, and personalize it through the company's “build-your-own” workshop process. Its product range also includes themed plush toys, apparel, accessories, collectibles and gift items.

Founded in 1997 by Maxine Clark, Build-A-Bear Workshop opened its first store in St. Louis, Missouri.

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