Foundry Partners LLC Purchases 67,205 Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW)

Foundry Partners LLC raised its position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 138.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 115,885 shares of the specialty retailer's stock after purchasing an additional 67,205 shares during the quarter. Foundry Partners LLC owned 0.88% of Build-A-Bear Workshop worth $4,307,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in Build-A-Bear Workshop by 494.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the specialty retailer's stock valued at $78,000 after acquiring an additional 1,405 shares during the period. Legal & General Group Plc lifted its stake in shares of Build-A-Bear Workshop by 26.0% in the fourth 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. Intech Investment Management LLC bought a new stake in shares of Build-A-Bear Workshop in the fourth quarter valued at about $200,000. GAMMA Investing LLC lifted its stake in shares of Build-A-Bear Workshop by 3,357.4% in the first 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. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Build-A-Bear Workshop in the fourth quarter valued at about $207,000. 79.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Build-A-Bear Workshop

In other news, Director Craig Leavitt sold 8,250 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $50.21, for a total transaction of $414,232.50. Following the completion of the sale, the director owned 72,392 shares of the company's stock, valued at approximately $3,634,802.32. This represents a 10.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Eric R. Fencl sold 6,993 shares of the company's 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 sale, the chief accounting officer directly owned 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 48,248 shares of company stock worth $2,276,383. 5.80% of the stock is currently owned by company insiders.

Build-A-Bear Workshop Price Performance

Shares of NYSE BBW traded up $0.87 during midday trading on Tuesday, reaching $54.11. 121,063 shares of the stock were exchanged, compared to its average volume of 275,185. The business has a 50-day simple moving average of $48.61 and a two-hundred day simple moving average of $42.06. The company has a market capitalization of $714.79 million, a price-to-earnings ratio of 13.04 and a beta of 0.70. Build-A-Bear Workshop, Inc. has a 12 month low of $23.63 and a 12 month high of $55.57.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.31. Build-A-Bear Workshop had a net margin of 10.91% and a return on equity of 40.74%. The firm had revenue of $128.40 million for the quarter, compared to analyst estimates of $118.90 million. During the same period in the previous year, the business earned $0.82 EPS. Equities research analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Thursday, June 26th. Build-A-Bear Workshop's dividend payout ratio is currently 21.15%.

Wall Street Analyst Weigh In

A number of brokerages have commented on BBW. DA Davidson raised their price target on shares of Build-A-Bear Workshop from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Piper Sandler raised their price target on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Finally, Wall Street Zen raised shares of Build-A-Bear Workshop from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th.

Build-A-Bear Workshop Company 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.