Millennium Management LLC Lowers Position in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Millennium Management LLC reduced its holdings in Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 56.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,217 shares of the specialty retailer's stock after selling 59,791 shares during the quarter. Millennium Management LLC owned 0.34% of Build-A-Bear Workshop worth $2,082,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BBW. New York State Teachers Retirement System bought a new position in Build-A-Bear Workshop in the 4th quarter worth about $53,000. Tower Research Capital LLC TRC increased its stake in 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 worth $78,000 after acquiring an additional 1,405 shares during the last quarter. Legal & General Group Plc increased its stake in Build-A-Bear Workshop by 26.0% in the 4th quarter. Legal & General Group Plc now owns 3,793 shares of the specialty retailer's stock worth $175,000 after acquiring an additional 783 shares during the last quarter. Intech Investment Management LLC bought a new position in Build-A-Bear Workshop in the 4th quarter worth about $200,000. Finally, The Manufacturers Life Insurance Company bought a new position in Build-A-Bear Workshop in the 4th quarter worth about $207,000. 79.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BBW. DA Davidson increased their price objective on Build-A-Bear Workshop from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Piper Sandler increased their price objective on Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an "overweight" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen upgraded Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a research report on Friday, May 30th.

Build-A-Bear Workshop Stock Up 0.2%

Shares of Build-A-Bear Workshop stock traded up $0.10 during trading on Thursday, hitting $46.26. 268,064 shares of the stock traded hands, compared to its average volume of 273,229. The stock has a market cap of $610.95 million, a price-to-earnings ratio of 12.30 and a beta of 0.72. Build-A-Bear Workshop, Inc. has a 52 week low of $23.63 and a 52 week high of $55.57. The firm's fifty day moving average is $39.13 and its 200-day moving average is $39.96.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last issued its 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. The company had revenue of $128.40 million during the quarter, compared to analysts' expectations of $118.90 million. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. During the same period in the prior year, the business posted $0.82 EPS. On average, analysts forecast that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current fiscal year.

Build-A-Bear Workshop Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were issued a $0.22 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.88 annualized dividend and a yield of 1.90%. This is a boost from Build-A-Bear Workshop's previous quarterly dividend of $0.20. Build-A-Bear Workshop's dividend payout ratio (DPR) is 21.15%.

Insiders Place Their Bets

In other Build-A-Bear Workshop news, CEO Sharon Price John sold 31,250 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $45.73, for a total value of $1,429,062.50. Following the completion of the sale, the chief executive officer now owns 291,305 shares in the company, valued at approximately $13,321,377.65. This trade represents a 9.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Eric R. Fencl sold 6,993 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $48.50, for a total value of $339,160.50. Following the completion of the sale, the chief accounting officer now owns 123,318 shares of the company's stock, valued at approximately $5,980,923. This trade represents a 5.37% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.80% of the company's stock.

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.