Paradigm Capital Management Inc. NY Takes Position in Build-A-Bear Workshop, Inc. $BBW

Key Points

• Paradigm Capital Management acquired 984,500 Build-A-Bear Workshop shares worth approximately $30.1 million, giving it an estimated 7.85% stake and making BBW its 25th-largest holding.
• Institutional ownership stands at 79.3%, with BlackRock, De Lisle Partners and other investors also establishing new positions during the second quarter. Director George Carrara separately sold 3,000 shares.
• Build-A-Bear reported quarterly EPS of $1.03, exceeding estimates of $0.76, while revenue came in below expectations at $125.27 million. Analysts hold a “Moderate Buy” consensus rating with an average price target of $70, compared with the stock’s reported price of $38.81.

Paradigm Capital Management Inc. NY bought a new stake in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 984,500 shares of the specialty retailer's stock, valued at approximately $30,136,000. Build-A-Bear Workshop comprises about 0.8% of Paradigm Capital Management Inc. NY's holdings, making the stock its 25th largest position. Paradigm Capital Management Inc. NY owned about 7.85% of Build-A-Bear Workshop at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Winmill & CO. Inc. bought a new position in Build-A-Bear Workshop during the 2nd quarter valued at $505,000. Bank of Nova Scotia purchased a new position in Build-A-Bear Workshop during the 2nd quarter worth $239,000. Quantbot Technologies LP bought a new stake in shares of Build-A-Bear Workshop in the 2nd quarter worth $215,000. De Lisle Partners LLP bought a new stake in shares of Build-A-Bear Workshop in the 2nd quarter worth $23,466,000. Finally, BlackRock Inc. purchased a new stake in shares of Build-A-Bear Workshop in the second quarter valued at about $30,481,000. Institutional investors own 79.30% of the company's stock.

Insiders Place Their Bets

In other Build-A-Bear Workshop news, Director George Carrara sold 3,000 shares of the business's stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $34.52, for a total value of $103,560.00. Following the transaction, the director directly owned 11,277 shares in the company, valued at $389,282.04. The trade was a 21.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is currently owned by insiders.

Build-A-Bear Workshop Trading Down 0.2%

BBW stock opened at $38.81 on Tuesday. The stock's fifty day simple moving average is $34.12 and its two-hundred day simple moving average is $38.49. Build-A-Bear Workshop, Inc. has a 1-year low of $29.35 and a 1-year high of $75.85. The stock has a market cap of $486.68 million, a P/E ratio of 9.09 and a beta of 1.10.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last announced its quarterly earnings data on Thursday, May 28th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.27. Build-A-Bear Workshop had a return on equity of 32.15% and a net margin of 10.48%.The firm had revenue of $125.27 million during the quarter, compared to the consensus estimate of $129.45 million. As a group, analysts forecast that Build-A-Bear Workshop, Inc. will post 4.04 earnings per share for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.92 annualized dividend and a yield of 2.4%. Build-A-Bear Workshop's dividend payout ratio is presently 21.55%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Build-A-Bear Workshop in a research report on Monday, August 17th. DA Davidson reaffirmed a "buy" rating and issued a $60.00 price objective on shares of Build-A-Bear Workshop in a research report on Friday, May 29th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Build-A-Bear Workshop currently has a consensus rating of "Moderate Buy" and an average price target of $70.00.

Build-A-Bear Workshop Company Profile

Build-A-Bear Workshop, Inc operates a specialty retail business focused on interactive “workshop” experiences that allow customers to create customized stuffed animals. Through its in-store and online platforms, the company offers a wide range of plush toys, apparel, accessories and sound modules, enabling guests to personalize each creation. In addition to its core bear products, Build-A-Bear has expanded its portfolio to include licensed characters from leading entertainment and media franchises.

Founded in 1997 by Maxine Clark and headquartered in St.

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