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

Exchange Traded Concepts LLC bought a new stake in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 6,719 shares of the specialty retailer's stock, valued at approximately $250,000.

Other hedge funds have also modified their holdings of the company. New York State Teachers Retirement System purchased a new stake in shares of Build-A-Bear Workshop during the 4th quarter valued at about $53,000. Tower Research Capital LLC TRC raised its holdings in shares of Build-A-Bear Workshop by 494.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the specialty retailer's stock valued at $78,000 after buying an additional 1,405 shares during the period. GAMMA Investing LLC raised its holdings in shares of Build-A-Bear Workshop by 3,357.4% during the 1st quarter. GAMMA Investing LLC now owns 4,460 shares of the specialty retailer's stock valued at $166,000 after buying an additional 4,331 shares during the period. Legal & General Group Plc raised its holdings in shares of Build-A-Bear Workshop by 26.0% during the 4th quarter. Legal & General Group Plc now owns 3,793 shares of the specialty retailer's stock valued at $175,000 after buying an additional 783 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in shares of Build-A-Bear Workshop during the 4th quarter valued at about $200,000. 79.30% of the stock is currently owned by hedge funds and other institutional investors.

Build-A-Bear Workshop Stock Up 0.2%

Shares of NYSE BBW opened at $52.61 on Monday. Build-A-Bear Workshop, Inc. has a fifty-two week low of $23.63 and a fifty-two week high of $55.57. The business has a 50 day moving average price of $42.07 and a two-hundred day moving average price of $40.92. The firm has a market cap of $694.93 million, a PE ratio of 12.65 and a beta of 0.72.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share 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 quarter last year, the firm earned $0.82 EPS. On average, analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Thursday, June 26th. Build-A-Bear Workshop's dividend payout ratio is presently 21.15%.

Insiders Place Their Bets

In other Build-A-Bear Workshop news, CAO Eric R. Fencl sold 6,993 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $48.50, for a total transaction of $339,160.50. Following the transaction, the chief accounting officer now owns 123,318 shares of the company's stock, valued at $5,980,923. This trade represents a 5.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Craig Leavitt sold 8,250 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $50.21, for a total value of $414,232.50. Following the transaction, the director now directly owns 72,392 shares in the company, valued at approximately $3,634,802.32. This represents a 10.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,493 shares of company stock valued at $2,182,456 in the last quarter. Insiders own 5.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BBW. Wall Street Zen upgraded Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a research note on Sunday, June 15th. Piper Sandler raised their price objective on Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an "overweight" rating in a research note on Thursday, May 15th. Finally, DA Davidson raised 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.

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.

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