Landscape Capital Management L.L.C. Takes $3.57 Million Position in Build-A-Bear Workshop, Inc. $BBW

Key Points

• Landscape Capital Management L.L.C. acquired a new stake in Build-A-Bear Workshop, purchasing 96,110 shares valued at approximately $3,572,000, representing about 0.73% of the company.
• Build-A-Bear Workshop reported earnings of $1.17 per share, exceeding analysts' expectations of $0.86, as well as a revenue of $128.40 million for the quarter.
• The company announced a quarterly dividend of $0.22, which translates to an annualized yield of 1.5%, while maintaining a low dividend payout ratio of 21.15%.

Landscape Capital Management L.L.C. purchased a new stake in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 96,110 shares of the specialty retailer's stock, valued at approximately $3,572,000. Landscape Capital Management L.L.C. owned 0.73% of Build-A-Bear Workshop at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings 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 valued at $37,010,000 after acquiring an additional 13,713 shares during the period. De Lisle Partners LLP grew its position in 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 valued at $28,519,000 after purchasing an additional 18,000 shares in the last quarter. American Century Companies Inc. grew its position in Build-A-Bear Workshop by 11.8% during the first quarter. American Century Companies Inc. now owns 482,641 shares of the specialty retailer's stock valued at $17,940,000 after purchasing an additional 50,933 shares in the last quarter. Alta Fox Capital Management LLC purchased a new position in Build-A-Bear Workshop during the fourth quarter valued at approximately $5,631,000. Finally, Northern Trust Corp grew its position in Build-A-Bear Workshop by 1.4% during the fourth quarter. Northern Trust Corp now owns 121,863 shares of the specialty retailer's stock valued at $5,611,000 after purchasing an additional 1,654 shares in the last quarter. Institutional investors and hedge funds own 79.30% of the company's stock.

Insider Buying and Selling at Build-A-Bear Workshop

In other news, Director Lesli Rotenberg sold 1,755 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $53.52, for a total value of $93,927.60. Following the completion of the transaction, the director owned 11,825 shares in the company, valued at approximately $632,874. This represents a 12.92% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sharon Price John sold 31,250 shares of the 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 completion of the transaction, the chief executive officer owned 291,305 shares of the company's stock, valued at approximately $13,321,377.65. This represents a 9.69% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,248 shares of company stock worth $2,276,383. Corporate insiders own 5.80% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. DA Davidson boosted their price objective on shares of Build-A-Bear Workshop from $64.00 to $85.00 and gave the company a "buy" rating in a research report on Friday. 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 report on Friday. Wall Street Zen downgraded shares of Build-A-Bear Workshop from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 23rd. Finally, Piper Sandler boosted their target price on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an "overweight" rating in a research report on Thursday, May 15th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $68.00.

Build-A-Bear Workshop Trading Down 9.7%

NYSE:BBW traded down $6.47 during trading hours on Monday, hitting $60.54. 793,586 shares of the company traded hands, compared to its average volume of 304,749. The stock has a market capitalization of $799.75 million, a price-to-earnings ratio of 13.57 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 firm has a 50-day moving average of $53.29 and a 200 day moving average of $44.80.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last released its earnings results on Thursday, August 28th. The specialty retailer reported $0.94 EPS for the quarter, beating the consensus estimate of $0.67 by $0.27. The firm had revenue of $124.25 million during the quarter, compared to analysts' expectations of $116.19 million. Build-A-Bear Workshop had a net margin of 11.34% and a return on equity of 42.37%. During the same period in the prior year, the company earned $0.64 EPS. Equities research analysts predict that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The business also recently announced 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 is presently 19.73%.

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.