Build-A-Bear Workshop, Inc. (NYSE:BBW) Shares Sold by Koss Olinger Consulting LLC

Key Points

• Koss Olinger Consulting LLC reduced its stake in Build-A-Bear Workshop by 24.4%, now owning 16,152 shares valued at approximately $600,000.
• Insider selling has been notable, with two directors collectively selling 10,005 shares recently, which reflects a decrease in their respective ownership stakes.
• Build-A-Bear Workshop reported strong quarterly earnings of $1.17 per share, exceeding analysts' expectations, and achieved revenue of $128.40 million in the same period.

Koss Olinger Consulting LLC reduced its stake in Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 24.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,152 shares of the specialty retailer's stock after selling 5,218 shares during the quarter. Koss Olinger Consulting LLC owned about 0.12% of Build-A-Bear Workshop worth $600,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. OneDigital Investment Advisors LLC raised its position in Build-A-Bear Workshop by 2.8% during the 1st quarter. OneDigital Investment Advisors LLC now owns 10,486 shares of the specialty retailer's stock worth $390,000 after buying an additional 289 shares during the last quarter. SummerHaven Investment Management LLC raised its position in Build-A-Bear Workshop by 1.1% during the 1st quarter. SummerHaven Investment Management LLC now owns 31,861 shares of the specialty retailer's stock worth $1,184,000 after buying an additional 340 shares during the last quarter. Ritholtz Wealth Management raised its position in Build-A-Bear Workshop by 2.4% during the 1st quarter. Ritholtz Wealth Management now owns 21,133 shares of the specialty retailer's stock worth $786,000 after buying an additional 489 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Build-A-Bear Workshop by 7.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,242 shares of the specialty retailer's stock worth $518,000 after buying an additional 736 shares during the last quarter. Finally, BOKF NA raised its position in Build-A-Bear Workshop by 5.8% during the 4th quarter. BOKF NA now owns 13,709 shares of the specialty retailer's stock worth $575,000 after buying an additional 747 shares during the last quarter. 79.30% of the stock is owned by hedge funds and other institutional investors.

Build-A-Bear Workshop Stock Performance

Build-A-Bear Workshop stock traded up $4.46 during trading on Tuesday, reaching $55.82. The company had a trading volume of 299,434 shares, compared to its average volume of 184,092. The firm's 50-day simple moving average is $51.37 and its 200 day simple moving average is $43.23. Build-A-Bear Workshop, Inc. has a 1-year low of $25.33 and a 1-year high of $56.04. The firm has a market capitalization of $737.41 million, a PE ratio of 13.42 and a beta of 0.70.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $118.90 million. During the same quarter last year, the company earned $0.82 EPS. Analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current year.

Build-A-Bear Workshop Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders 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 1.6%. The ex-dividend date of this dividend was Thursday, June 26th. Build-A-Bear Workshop's payout ratio is 21.15%.

Analyst Upgrades and Downgrades

BBW has been the subject of several recent research reports. Piper Sandler lifted 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 lifted their target price on shares of Build-A-Bear Workshop from $60.00 to $64.00 and gave the company a "buy" rating in a report on Monday, August 4th. 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.

Insider Buying and Selling at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, Director Lesli Rotenberg sold 1,755 shares of Build-A-Bear Workshop stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $53.52, for a total transaction of $93,927.60. Following the sale, the director owned 11,825 shares of the company's stock, valued at $632,874. The trade was a 12.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Craig Leavitt sold 8,250 shares of Build-A-Bear Workshop stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $50.21, for a total transaction of $414,232.50. Following the sale, the director directly owned 72,392 shares in the company, valued at approximately $3,634,802.32. This trade represents a 10.23% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,248 shares of company stock worth $2,276,383. Company insiders own 5.80% of the company's stock.

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.