Janney Montgomery Scott LLC Makes New $850,000 Investment in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Janney Montgomery Scott LLC bought a new stake in Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,865 shares of the specialty retailer's stock, valued at approximately $850,000. Janney Montgomery Scott LLC owned approximately 0.17% of Build-A-Bear Workshop as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in shares of Build-A-Bear Workshop by 494.7% in 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 lifted its holdings in Build-A-Bear Workshop by 3,357.4% during the first quarter. GAMMA Investing LLC now owns 4,460 shares of the specialty retailer's stock worth $166,000 after acquiring an additional 4,331 shares in the last quarter. Legal & General Group Plc grew its stake 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 acquiring 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 worth about $200,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Build-A-Bear Workshop during the fourth quarter worth about $207,000. 79.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Build-A-Bear Workshop

In related news, CAO Eric R. Fencl sold 6,993 shares of the company's stock in a transaction dated 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 owned 123,318 shares in the company, valued at approximately $5,980,923. This represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sharon Price John sold 31,250 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $45.73, for a total value of $1,429,062.50. Following the transaction, the chief executive officer directly owned 291,305 shares of the company's stock, valued at $13,321,377.65. This trade represents a 9.69% decrease in their ownership of the stock. 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 three months. 5.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BBW. Wall Street Zen upgraded Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a research report on Sunday, June 15th. Piper Sandler lifted 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 objective on shares of Build-A-Bear Workshop from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, May 30th.

Build-A-Bear Workshop Trading Up 1.9%

Shares of BBW stock traded up $0.95 on Tuesday, hitting $52.51. 334,832 shares of the stock were exchanged, compared to its average volume of 288,984. The firm has a market capitalization of $693.71 million, a P/E ratio of 12.62 and a beta of 0.72. Build-A-Bear Workshop, Inc. has a fifty-two week low of $23.63 and a fifty-two week high of $55.56. The business has a 50-day moving average of $44.02 and a 200 day moving average of $41.39.

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

Build-A-Bear Workshop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Thursday, June 26th. Build-A-Bear Workshop's dividend payout ratio (DPR) is currently 21.15%.

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.