Squarepoint Ops LLC Boosts Stake in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Squarepoint Ops LLC grew its stake in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 62.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,802 shares of the specialty retailer's stock after acquiring an additional 7,245 shares during the quarter. Squarepoint Ops LLC owned about 0.14% of Build-A-Bear Workshop worth $866,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. American Century Companies Inc. raised its position in shares of Build-A-Bear Workshop by 14.7% in the 4th quarter. American Century Companies Inc. now owns 431,708 shares of the specialty retailer's stock worth $19,876,000 after buying an additional 55,328 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Build-A-Bear Workshop by 26.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 291,990 shares of the specialty retailer's stock worth $13,443,000 after acquiring an additional 61,111 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Build-A-Bear Workshop by 77.5% in the 4th quarter. Bank of New York Mellon Corp now owns 180,045 shares of the specialty retailer's stock worth $8,289,000 after purchasing an additional 78,629 shares during the period. Marshall Wace LLP lifted its stake in shares of Build-A-Bear Workshop by 269.9% in the 4th quarter. Marshall Wace LLP now owns 137,922 shares of the specialty retailer's stock valued at $6,350,000 after purchasing an additional 100,633 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Build-A-Bear Workshop by 396.5% in the 4th quarter. Invesco Ltd. now owns 129,801 shares of the specialty retailer's stock valued at $5,976,000 after purchasing an additional 103,656 shares in the last quarter. 79.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BBW has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a research report on Friday. Piper Sandler boosted their price objective on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an "overweight" rating in a research note on Thursday, May 15th. Finally, DA Davidson raised their target price on shares of Build-A-Bear Workshop from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Friday.

Build-A-Bear Workshop Stock Up 0.8%

Shares of NYSE BBW traded up $0.40 on Tuesday, hitting $48.03. The company had a trading volume of 276,429 shares, compared to its average volume of 273,110. Build-A-Bear Workshop, Inc. has a 12-month low of $23.63 and a 12-month high of $55.57. The firm has a market capitalization of $634.34 million, a P/E ratio of 12.78 and a beta of 0.54. The business has a 50 day moving average of $38.56 and a two-hundred day moving average of $39.80.

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 EPS for the quarter, topping the consensus estimate of $0.86 by $0.31. The firm had revenue of $128.40 million for the quarter, compared to analyst estimates of $118.90 million. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. During the same period in the previous year, the company posted $0.82 EPS. On average, sell-side analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were given a dividend of $0.22 per share. This is a boost from Build-A-Bear Workshop's previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Thursday, March 27th. Build-A-Bear Workshop's payout ratio is presently 21.15%.

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.