Janney Montgomery Scott LLC Buys Shares of 22,865 Build-A-Bear Workshop, Inc. (NYSE:BBW)

Janney Montgomery Scott LLC purchased a new position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 22,865 shares of the specialty retailer's stock, valued at approximately $850,000. Janney Montgomery Scott LLC owned 0.17% of Build-A-Bear Workshop as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of BBW. Tower Research Capital LLC TRC lifted its holdings in shares of 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 worth $78,000 after purchasing an additional 1,405 shares during the period. GAMMA Investing LLC lifted its holdings in 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. Legal & General Group Plc lifted its holdings in 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 acquired a new position in Build-A-Bear Workshop in the fourth quarter valued at $200,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Build-A-Bear Workshop in the fourth quarter valued at $207,000. Institutional investors and hedge funds own 79.30% of the company's stock.

Build-A-Bear Workshop Stock Up 1.8%

BBW traded up $0.96 during midday trading on Friday, hitting $53.85. The company had a trading volume of 96,617 shares, compared to its average volume of 276,866. Build-A-Bear Workshop, Inc. has a 52 week low of $23.63 and a 52 week high of $55.57. The company has a market capitalization of $711.36 million, a price-to-earnings ratio of 12.94 and a beta of 0.70. The stock's 50 day moving average price is $45.53 and its 200 day moving average price is $41.69.

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

Build-A-Bear Workshop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Thursday, June 26th. Build-A-Bear Workshop's dividend payout ratio (DPR) is currently 21.15%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BBW. Piper Sandler boosted their target price 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. DA Davidson boosted their target price on shares of Build-A-Bear Workshop from $50.00 to $60.00 and gave the company a "buy" rating in a report on Friday, May 30th. Finally, Wall Street Zen upgraded shares of Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a report on Sunday, June 15th.

Insider Activity at Build-A-Bear Workshop

In other news, Director Craig Leavitt sold 8,250 shares of the business's stock in a transaction dated 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 directly owned 72,392 shares of the company's stock, valued at $3,634,802.32. The trade was a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lesli Rotenberg sold 1,755 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $53.52, for a total transaction of $93,927.60. Following the sale, the director directly owned 11,825 shares of the company's stock, valued at approximately $632,874. The trade was a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 48,248 shares of company stock valued at $2,276,383. 5.80% of the stock is currently owned by company insiders.

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.