North Star Investment Management Corp. Trims Stock Position in Build-A-Bear Workshop, Inc. (NYSE:BBW)

North Star Investment Management Corp. decreased its holdings in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 27.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,325 shares of the specialty retailer's stock after selling 47,700 shares during the period. North Star Investment Management Corp. owned about 0.95% of Build-A-Bear Workshop worth $4,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of BBW. Savant Capital LLC grew its position in shares of Build-A-Bear Workshop by 22.8% during the 4th quarter. Savant Capital LLC now owns 9,032 shares of the specialty retailer's stock valued at $416,000 after acquiring an additional 1,678 shares during the period. New York State Teachers Retirement System bought a new stake in shares of Build-A-Bear Workshop during the 4th quarter valued at $53,000. Bank of New York Mellon Corp grew its position in shares of Build-A-Bear Workshop by 77.5% during the 4th quarter. Bank of New York Mellon Corp now owns 180,045 shares of the specialty retailer's stock valued at $8,289,000 after acquiring an additional 78,629 shares during the period. Versor Investments LP bought a new position in Build-A-Bear Workshop in the 4th quarter worth $240,000. Finally, Kennondale Capital Management LLC bought a new position in Build-A-Bear Workshop in the 4th quarter worth $2,021,000. Institutional investors own 79.30% of the company's stock.

Build-A-Bear Workshop Trading Down 1.4%

Build-A-Bear Workshop stock traded down $0.71 during mid-day trading on Friday, hitting $49.81. The stock had a trading volume of 229,233 shares, compared to its average volume of 273,469. The firm's 50 day moving average is $40.53 and its 200 day moving average is $40.46. Build-A-Bear Workshop, Inc. has a one year low of $23.63 and a one year high of $55.57. The firm has a market capitalization of $657.79 million, a P/E ratio of 13.25 and a beta of 0.72.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The specialty retailer reported $1.17 EPS for the quarter, beating the consensus estimate of $0.86 by $0.31. Build-A-Bear Workshop had a net margin of 10.58% and a return on equity of 38.35%. The business had revenue of $128.40 million during the quarter, compared to the consensus estimate of $118.90 million. During the same quarter in the prior year, the firm earned $0.82 EPS. As a group, equities research analysts forecast that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Thursday, June 26th. Build-A-Bear Workshop's dividend payout ratio (DPR) is presently 21.15%.

Insider Buying and Selling at Build-A-Bear Workshop

In related news, CAO Eric R. Fencl sold 6,993 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $48.50, for a total value of $339,160.50. Following the sale, the chief accounting officer now directly owns 123,318 shares of the company's stock, valued at $5,980,923. This represents a 5.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Craig Leavitt sold 8,250 shares of the stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $50.21, for a total transaction of $414,232.50. Following the completion of the sale, the director now directly owns 72,392 shares in the company, valued at $3,634,802.32. This trade represents a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,493 shares of company stock valued at $2,182,456 in the last 90 days. Insiders own 5.80% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BBW. Piper Sandler upped 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 report on Thursday, May 15th. DA Davidson upped their target price on shares of Build-A-Bear Workshop from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Finally, Wall Street Zen raised shares of Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a report on Sunday.

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.