Build-A-Bear Workshop, Inc. $BBW Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has decreased its stake in Build-A-Bear Workshop by 21.3%, reducing ownership to 102,137 shares valued at approximately $3.80 million.
• Insider trading activity includes CEO Sharon Price John selling 31,250 shares for about $1.43 million, reflecting a 9.69% reduction in their position.
• Build-A-Bear Workshop recently reported an earnings per share of $0.94 for the last quarter, surpassing analyst expectations of $0.67, along with declaring a quarterly dividend of $0.22.

Invesco Ltd. cut its stake in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 21.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,137 shares of the specialty retailer's stock after selling 27,664 shares during the quarter. Invesco Ltd. owned about 0.77% of Build-A-Bear Workshop worth $3,796,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in BBW. Cynosure Group LLC acquired a new position in Build-A-Bear Workshop during the first quarter valued at $313,000. Charles Schwab Investment Management Inc. lifted its position in Build-A-Bear Workshop by 42.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 65,815 shares of the specialty retailer's stock valued at $2,446,000 after purchasing an additional 19,743 shares during the period. Vanguard Group Inc. increased its stake in shares of Build-A-Bear Workshop by 1.4% during the first quarter. Vanguard Group Inc. now owns 995,693 shares of the specialty retailer's stock worth $37,010,000 after purchasing an additional 13,713 shares in the last quarter. XTX Topco Ltd increased its stake in shares of Build-A-Bear Workshop by 45.0% during the first quarter. XTX Topco Ltd now owns 11,042 shares of the specialty retailer's stock worth $410,000 after purchasing an additional 3,428 shares in the last quarter. Finally, De Lisle Partners LLP increased its stake in shares of Build-A-Bear Workshop by 2.4% during the first quarter. De Lisle Partners LLP now owns 765,911 shares of the specialty retailer's stock worth $28,519,000 after purchasing an additional 18,000 shares in the last quarter. 79.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, CEO Sharon Price John sold 31,250 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $45.73, for a total transaction of $1,429,062.50. Following the transaction, the chief executive officer directly owned 291,305 shares of the company's stock, valued at approximately $13,321,377.65. This trade represents a 9.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Eric R. Fencl sold 6,993 shares of the firm's stock in a transaction 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 directly owned 123,318 shares in the company, valued at $5,980,923. The trade was a 5.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,248 shares of company stock valued at $2,276,383 over the last quarter. 5.80% of the stock is owned by insiders.

Build-A-Bear Workshop Stock Down 9.7%

Build-A-Bear Workshop stock traded down $6.47 during mid-day trading on Friday, reaching $60.54. 793,586 shares of the company's stock were exchanged, compared to its average volume of 304,749. The company has a market cap of $799.75 million, a P/E ratio of 13.73 and a beta of 0.72. Build-A-Bear Workshop, Inc. has a twelve month low of $29.32 and a twelve month high of $70.01. The company has a fifty day moving average of $53.29 and a 200-day moving average of $44.75.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.27. Build-A-Bear Workshop had a net margin of 11.34% and a return on equity of 42.37%. The business had revenue of $124.25 million for the quarter, compared to analyst estimates of $116.19 million. During the same period last year, the business earned $0.64 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 26th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, June 26th. Build-A-Bear Workshop's dividend payout ratio (DPR) is currently 19.73%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BBW shares. Northland Securities boosted their target price 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. Wall Street Zen cut shares of Build-A-Bear Workshop from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 23rd. Piper Sandler increased 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 research note on Thursday, May 15th. Finally, DA Davidson increased their price target on shares of Build-A-Bear Workshop from $64.00 to $85.00 and gave the company a "buy" rating in a research note on Friday. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $68.00.

About Build-A-Bear Workshop

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.