Counterpoint Mutual Funds LLC Invests $393,000 in Build-A-Bear Workshop, Inc. $BBW

Key Points

• Counterpoint Mutual Funds LLC invested approximately $393,000 in Build-A-Bear Workshop, acquiring 7,629 shares of the company during the second quarter.
• Build-A-Bear Workshop reported quarterly earnings of $0.94 EPS, surpassing analysts' expectations of $0.67 EPS, and demonstrating a net margin of 11.34%.
• The company announced a quarterly dividend of $0.22 per share, with the ex-dividend date set for September 25th, representing a yield of 1.2%.

Counterpoint Mutual Funds LLC bought a new position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,629 shares of the specialty retailer's stock, valued at approximately $393,000. Counterpoint Mutual Funds LLC owned about 0.06% of Build-A-Bear Workshop at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. OneDigital Investment Advisors LLC grew its position in Build-A-Bear Workshop by 2.8% during the 1st quarter. OneDigital Investment Advisors LLC now owns 10,486 shares of the specialty retailer's stock worth $390,000 after purchasing an additional 289 shares during the period. SummerHaven Investment Management LLC grew its holdings in Build-A-Bear Workshop by 1.1% during the first quarter. SummerHaven Investment Management LLC now owns 31,861 shares of the specialty retailer's stock worth $1,184,000 after acquiring an additional 340 shares during the period. AlphaQuest LLC raised its position in Build-A-Bear Workshop by 106.1% during the first quarter. AlphaQuest LLC now owns 814 shares of the specialty retailer's stock valued at $30,000 after acquiring an additional 419 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Build-A-Bear Workshop by 6.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,533 shares of the specialty retailer's stock valued at $280,000 after acquiring an additional 456 shares during the period. Finally, Ritholtz Wealth Management lifted its holdings in Build-A-Bear Workshop by 2.4% in the first quarter. Ritholtz Wealth Management now owns 21,133 shares of the specialty retailer's stock valued at $786,000 after acquiring an additional 489 shares during the period. 79.30% of the stock is owned by hedge funds and other institutional investors.

Build-A-Bear Workshop Stock Up 1.4%

BBW opened at $72.22 on Wednesday. The firm's fifty day simple moving average is $59.25 and its two-hundred day simple moving average is $48.27. Build-A-Bear Workshop, Inc. has a 52-week low of $30.72 and a 52-week high of $75.85. The company has a market cap of $948.00 million, a price-to-earnings ratio of 16.19 and a beta of 0.72.

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

Build-A-Bear Workshop Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 25th will be issued a $0.22 dividend. The ex-dividend date is Thursday, September 25th. This represents a $0.88 dividend on an annualized basis and a yield of 1.2%. Build-A-Bear Workshop's dividend payout ratio (DPR) is presently 19.73%.

Insiders Place Their Bets

In other news, CEO Sharon Price John sold 30,000 shares of the firm's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $73.25, for a total value of $2,197,500.00. Following the transaction, the chief executive officer directly owned 261,305 shares of the company's stock, valued at approximately $19,140,591.25. This trade represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Vojin Todorovic sold 10,000 shares of the business's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $73.25, for a total transaction of $732,500.00. Following the transaction, the chief financial officer owned 67,991 shares in the company, valued at $4,980,340.75. The trade was a 12.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.80% of the company's stock.

Wall Street Analysts Forecast Growth

BBW has been the topic of a number of analyst reports. Northland Securities raised their price objective on shares of Build-A-Bear Workshop from $60.00 to $80.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Zacks Research upgraded shares of Build-A-Bear Workshop from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 29th. Wall Street Zen downgraded shares of Build-A-Bear Workshop from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 23rd. Finally, DA Davidson raised their target price on Build-A-Bear Workshop from $64.00 to $85.00 and gave the company a "buy" rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat, Build-A-Bear Workshop has a consensus rating of "Buy" and an average price target of $68.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.