State of Wyoming Sells 6,774 Shares of Build-A-Bear Workshop, Inc. $BBW

Key Points

• The State of Wyoming reduced its stake in Build-A-Bear Workshop by 24.0%, selling 6,774 shares and retaining a total of 21,502 shares valued at approximately $799,000.
• Build-A-Bear Workshop's stock has increased by 14.9%, with a current market capitalization of $888.72 million and a price-to-earnings ratio of 16.17.
• The company reported quarterly earnings of $0.94 EPS, exceeding analysts' expectations, alongside a recent quarterly dividend announcement of $0.22 per share.

State of Wyoming reduced its holdings in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 24.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,502 shares of the specialty retailer's stock after selling 6,774 shares during the quarter. State of Wyoming owned approximately 0.16% of Build-A-Bear Workshop worth $799,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. OneDigital Investment Advisors LLC boosted its stake in shares of Build-A-Bear Workshop by 2.8% during the 1st quarter. OneDigital Investment Advisors LLC now owns 10,486 shares of the specialty retailer's stock worth $390,000 after acquiring an additional 289 shares during the period. SummerHaven Investment Management LLC grew its position in shares of Build-A-Bear Workshop by 1.1% in the first quarter. SummerHaven Investment Management LLC now owns 31,861 shares of the specialty retailer's stock valued at $1,184,000 after purchasing an additional 340 shares during the last quarter. AlphaQuest LLC grew its position in shares of Build-A-Bear Workshop by 106.1% in the first quarter. AlphaQuest LLC now owns 814 shares of the specialty retailer's stock valued at $30,000 after purchasing an additional 419 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Build-A-Bear Workshop by 2.4% in the first quarter. Ritholtz Wealth Management now owns 21,133 shares of the specialty retailer's stock valued at $786,000 after purchasing an additional 489 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Build-A-Bear Workshop by 7.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,242 shares of the specialty retailer's stock valued at $518,000 after purchasing an additional 736 shares during the last quarter. 79.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BBW. Northland Securities upped their target price on Build-A-Bear Workshop from $60.00 to $80.00 and gave the company an "outperform" rating in a research report on Friday. DA Davidson increased their price target on Build-A-Bear Workshop from $64.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday. Wall Street Zen downgraded Build-A-Bear Workshop from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 23rd. Finally, Piper Sandler increased their price target on 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 analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $68.00.

Build-A-Bear Workshop Stock Down 2.0%

Shares of BBW stock traded down $1.23 during trading hours on Tuesday, reaching $59.59. The company's stock had a trading volume of 385,131 shares, compared to its average volume of 277,048. The firm's 50 day simple moving average is $53.46 and its 200-day simple moving average is $44.96. The company has a market capitalization of $787.06 million, a price-to-earnings ratio of 13.36 and a beta of 0.72. Build-A-Bear Workshop, Inc. has a fifty-two week low of $29.32 and a fifty-two week high of $70.01.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last issued its earnings results on Thursday, August 28th. The specialty retailer reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.27. The firm had revenue of $124.25 million for the quarter, compared to the consensus estimate 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 last year, the business posted $0.64 EPS. Sell-side analysts predict that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Dividend Announcement

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

Insider Activity

In other news, CEO Sharon Price John sold 31,250 shares of the stock in a transaction 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 transaction, the chief executive officer directly owned 291,305 shares in the company, valued at approximately $13,321,377.65. This represents a 9.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig Leavitt sold 8,250 shares of the stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $50.21, for a total value of $414,232.50. Following the completion of the transaction, the director owned 72,392 shares of the company's stock, valued at $3,634,802.32. The trade was a 10.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,255 shares of company stock worth $1,937,223. 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.