Paradigm Capital Management Inc. NY Invests $372,000 in Build-A-Bear Workshop, Inc. $BBW

Key Points

• Paradigm Capital Management Inc. acquired 10,000 shares of Build-A-Bear Workshop, valued at approximately $372,000, representing about 0.08% of the company's stock.
• Other institutional investors are also increasing their stakes, with notable purchases in the last quarter totaling over $9 million.
• The company reported a net margin of 11.34% and beat earnings estimates with $0.94 EPS for the quarter, compared to a previous year's earnings of $0.64 EPS.

Paradigm Capital Management Inc. NY acquired a new position in Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,000 shares of the specialty retailer's stock, valued at approximately $372,000. Paradigm Capital Management Inc. NY owned about 0.08% of Build-A-Bear Workshop as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BBW. Quarry LP acquired a new stake in shares of Build-A-Bear Workshop during the first quarter worth $28,000. AlphaQuest LLC lifted its position in Build-A-Bear Workshop by 106.1% during the 1st quarter. AlphaQuest LLC now owns 814 shares of the specialty retailer's stock worth $30,000 after acquiring an additional 419 shares during the period. Tower Research Capital LLC TRC grew its stake in Build-A-Bear Workshop by 494.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the specialty retailer's stock valued at $78,000 after purchasing an additional 1,405 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Build-A-Bear Workshop by 3,357.4% in the first quarter. GAMMA Investing LLC now owns 4,460 shares of the specialty retailer's stock valued at $166,000 after purchasing an additional 4,331 shares during the period. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Build-A-Bear Workshop in the fourth quarter worth about $207,000. 79.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Build-A-Bear Workshop

In other news, Director Lesli Rotenberg sold 1,755 shares of the company's 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 completion of the sale, the director owned 11,825 shares of the company's stock, valued at $632,874. This represents a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sharon Price John sold 31,250 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $45.73, for a total transaction of $1,429,062.50. Following the sale, the chief executive officer directly owned 291,305 shares of the company's stock, valued at $13,321,377.65. The trade was a 9.69% decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,255 shares of company stock valued at $1,937,223 over the last 90 days. 5.80% of the stock is currently owned by corporate insiders.

Build-A-Bear Workshop Stock Performance

Shares of BBW traded up $0.59 during trading hours on Wednesday, hitting $60.22. The stock had a trading volume of 507,904 shares, compared to its average volume of 294,920. The firm has a 50-day moving average price of $53.76 and a 200 day moving average price of $45.16. Build-A-Bear Workshop, Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $70.01. The firm has a market capitalization of $795.56 million, a price-to-earnings ratio of 13.50 and a beta of 0.72.

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

Build-A-Bear Workshop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 26th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, June 26th. Build-A-Bear Workshop's dividend payout ratio is 19.73%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BBW. Zacks Research upgraded Build-A-Bear Workshop from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 29th. Piper Sandler lifted their price objective 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. Wall Street Zen cut shares of Build-A-Bear Workshop from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 23rd. Northland Securities lifted their price objective on shares of Build-A-Bear Workshop from $60.00 to $80.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Finally, DA Davidson lifted 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 note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $68.00.

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.