Ameriprise Financial Inc. Sells 32,088 Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW)

Ameriprise Financial Inc. trimmed its holdings in Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 34.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,173 shares of the specialty retailer's stock after selling 32,088 shares during the period. Ameriprise Financial Inc. owned 0.46% of Build-A-Bear Workshop worth $2,816,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Barclays PLC raised its stake in shares of Build-A-Bear Workshop by 307.5% in the 4th quarter. Barclays PLC now owns 74,355 shares of the specialty retailer's stock valued at $3,422,000 after acquiring an additional 56,109 shares in the last quarter. Alta Fox Capital Management LLC acquired a new position in Build-A-Bear Workshop during the fourth quarter valued at approximately $5,631,000. Foundry Partners LLC bought a new position in shares of Build-A-Bear Workshop in the fourth quarter valued at approximately $2,241,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Build-A-Bear Workshop in the fourth quarter worth $1,695,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Build-A-Bear Workshop by 26.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 291,990 shares of the specialty retailer's stock worth $13,443,000 after buying an additional 61,111 shares during the last quarter. Institutional investors and hedge funds own 79.30% of the company's stock.

Build-A-Bear Workshop Price Performance

Shares of Build-A-Bear Workshop stock traded down $0.93 during midday trading on Friday, hitting $51.10. The company had a trading volume of 651,005 shares, compared to its average volume of 272,557. Build-A-Bear Workshop, Inc. has a 1-year low of $23.63 and a 1-year high of $55.57. The business's 50 day simple moving average is $38.37 and its two-hundred day simple moving average is $39.70. The stock has a market cap of $674.83 million, a PE ratio of 13.59 and a beta of 0.54.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.86 by $0.31. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. The business had revenue of $128.40 million for the quarter, compared to analysts' expectations of $118.90 million. During the same period in the previous year, the business posted $0.82 earnings per share. On average, sell-side analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current fiscal year.

Build-A-Bear Workshop Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a dividend of $0.22 per share. This is an increase from Build-A-Bear Workshop's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 1.72%. The ex-dividend date was Thursday, March 27th. Build-A-Bear Workshop's dividend payout ratio (DPR) is currently 21.15%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BBW. DA Davidson lifted their target price on shares of Build-A-Bear Workshop from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Friday. Wall Street Zen raised Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Piper Sandler lifted their price objective on 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.

About Build-A-Bear Workshop

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.