Informed Momentum Co LLC Sells 15,246 Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW)

Key Points

• Informed Momentum Co LLC reduced its holdings in Build-A-Bear Workshop by 53.6%, selling 15,246 shares and owning 13,195 shares valued at $490,000 at the end of the most recent quarter.
• Build-A-Bear reported earnings of $1.17 per share, exceeding expectations and demonstrating a significant return on equity of 40.74% and a revenue of $128.40 million during the last quarter.
• The firm announced a quarterly dividend of $0.22, representing an annual yield of 1.5% and a payout ratio of 21.15%.

Informed Momentum Co LLC reduced its holdings in Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 53.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,195 shares of the specialty retailer's stock after selling 15,246 shares during the quarter. Informed Momentum Co LLC owned about 0.10% of Build-A-Bear Workshop worth $490,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BBW. LPL Financial LLC bought a new stake in shares of Build-A-Bear Workshop during the fourth quarter valued at approximately $267,000. JPMorgan Chase & Co. increased its holdings in shares of Build-A-Bear Workshop by 41.8% during the fourth quarter. JPMorgan Chase & Co. now owns 35,363 shares of the specialty retailer's stock valued at $1,628,000 after acquiring an additional 10,428 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Build-A-Bear Workshop by 48.6% during the fourth quarter. Wells Fargo & Company MN now owns 5,835 shares of the specialty retailer's stock valued at $269,000 after acquiring an additional 1,909 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Build-A-Bear Workshop by 396.5% during the fourth quarter. Invesco Ltd. now owns 129,801 shares of the specialty retailer's stock valued at $5,976,000 after acquiring an additional 103,656 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Build-A-Bear Workshop by 26.0% during the fourth quarter. Legal & General Group Plc now owns 3,793 shares of the specialty retailer's stock valued at $175,000 after acquiring an additional 783 shares in the last quarter. 79.30% of the stock is currently owned by institutional investors.

Build-A-Bear Workshop Trading Up 2.1%

Shares of Build-A-Bear Workshop stock opened at $56.86 on Thursday. The stock has a fifty day simple moving average of $51.58 and a 200 day simple moving average of $43.33. Build-A-Bear Workshop, Inc. has a 12-month low of $25.93 and a 12-month high of $56.99. The company has a market capitalization of $751.12 million, a P/E ratio of 13.67 and a beta of 0.70.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $128.40 million during the quarter, compared to the consensus estimate of $118.90 million. During the same quarter in the prior year, the company posted $0.82 earnings per share. On average, analysts predict that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current year.

Build-A-Bear Workshop Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.5%. Build-A-Bear Workshop's payout ratio is currently 21.15%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Wall Street Zen upgraded Build-A-Bear Workshop from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th. Piper Sandler upped their price target on Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an "overweight" rating in a report on Thursday, May 15th. Finally, DA Davidson upped their price target on Build-A-Bear Workshop from $60.00 to $64.00 and gave the stock a "buy" rating in a report on Monday, August 4th.

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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