Exchange Traded Concepts LLC Takes $250,000 Position in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Exchange Traded Concepts LLC purchased a new position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,719 shares of the specialty retailer's stock, valued at approximately $250,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Brandywine Global Investment Management LLC raised its holdings in Build-A-Bear Workshop by 0.7% in the 4th quarter. Brandywine Global Investment Management LLC now owns 45,714 shares of the specialty retailer's stock valued at $2,105,000 after buying an additional 340 shares during the period. SummerHaven Investment Management LLC increased its position in shares of 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 valued at $1,184,000 after acquiring an additional 340 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Build-A-Bear Workshop by 2.4% during 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 last quarter. Price T Rowe Associates Inc. MD lifted its stake in Build-A-Bear Workshop by 7.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,242 shares of the specialty retailer's stock worth $518,000 after purchasing an additional 736 shares in the last quarter. Finally, BOKF NA lifted its stake in Build-A-Bear Workshop by 5.8% during the fourth quarter. BOKF NA now owns 13,709 shares of the specialty retailer's stock worth $575,000 after purchasing an additional 747 shares in the last quarter. Institutional investors and hedge funds own 79.30% of the company's stock.

Insider Buying and Selling

In other news, CAO Eric R. Fencl sold 6,993 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $48.50, for a total transaction of $339,160.50. Following the sale, the chief accounting officer now owns 123,318 shares of the company's stock, valued at approximately $5,980,923. This trade represents a 5.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lesli Rotenberg sold 1,755 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $53.52, for a total value of $93,927.60. Following the completion of the transaction, the director now directly owns 11,825 shares of the company's stock, valued at $632,874. This trade represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,248 shares of company stock worth $2,276,383 over the last 90 days. 5.80% of the stock is owned by insiders.

Build-A-Bear Workshop Stock Down 0.5%

BBW stock traded down $0.26 during midday trading on Thursday, hitting $52.31. The company's stock had a trading volume of 189,204 shares, compared to its average volume of 275,061. The firm has a 50-day simple moving average of $43.33 and a 200-day simple moving average of $41.24. The firm has a market capitalization of $690.95 million, a P/E ratio of 12.57 and a beta of 0.72. Build-A-Bear Workshop, Inc. has a 52-week low of $23.63 and a 52-week high of $55.57.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last released its earnings results 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 40.74% and a net margin of 10.91%. The firm had revenue of $128.40 million during the quarter, compared to analyst estimates of $118.90 million. During the same period last 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 earnings per share for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be issued a $0.22 dividend. The ex-dividend date is Thursday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.68%. Build-A-Bear Workshop's dividend payout ratio (DPR) is 21.15%.

Analysts Set New Price Targets

BBW has been the subject of a number of research reports. DA Davidson lifted their price objective on Build-A-Bear Workshop from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Piper Sandler lifted their target price on Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen upgraded shares of Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a research note on Sunday, June 15th.

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.