Trexquant Investment LP Has $1.92 Million Position in Build-A-Bear Workshop, Inc. $BBW

Key Points

• Trexquant Investment LP increased its stake in Build-A-Bear Workshop by 72.8%, owning 51,569 shares worth approximately $1.92 million as of the latest SEC filing.
• Build-A-Bear Workshop reported earnings of $0.94 per share for the last quarter, exceeding analysts' expectations, alongside a revenue of $124.25 million.
• The company has a strong dividend yield of 1.4%, with a recent quarterly dividend of $0.22 per share, demonstrating financial stability.

Trexquant Investment LP increased its position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 72.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,569 shares of the specialty retailer's stock after buying an additional 21,729 shares during the quarter. Trexquant Investment LP owned 0.39% of Build-A-Bear Workshop worth $1,917,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Landscape Capital Management L.L.C. bought a new position in Build-A-Bear Workshop in the first quarter valued at approximately $3,572,000. AlphaQuest LLC grew its stake in 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 in the last quarter. American Century Companies Inc. grew its stake in Build-A-Bear Workshop by 11.8% in the first quarter. American Century Companies Inc. now owns 482,641 shares of the specialty retailer's stock valued at $17,940,000 after purchasing an additional 50,933 shares in the last quarter. Brandywine Global Investment Management LLC grew its stake in Build-A-Bear Workshop by 7.1% in the first quarter. Brandywine Global Investment Management LLC now owns 48,954 shares of the specialty retailer's stock valued at $1,820,000 after purchasing an additional 3,240 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in Build-A-Bear Workshop in the first quarter valued at approximately $1,131,000. 79.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BBW. Northland Securities raised their price target on 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. Zacks Research upgraded Build-A-Bear Workshop from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 29th. DA Davidson raised their price target on 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. Piper Sandler raised their price target on 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. Finally, Wall Street Zen downgraded Build-A-Bear Workshop from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 23rd. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company's stock. According to data from MarketBeat, Build-A-Bear Workshop currently has a consensus rating of "Buy" and an average price target of $68.00.

Build-A-Bear Workshop Trading Up 2.7%

Shares of BBW traded up $1.89 during mid-day trading on Wednesday, reaching $72.77. The company's stock had a trading volume of 456,635 shares, compared to its average volume of 397,337. Build-A-Bear Workshop, Inc. has a 1-year low of $29.32 and a 1-year high of $74.43. The stock has a market cap of $961.28 million, a P/E ratio of 16.32 and a beta of 0.72. The business has a 50-day simple moving average of $55.31 and a two-hundred day simple moving average of $46.15.

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

Build-A-Bear Workshop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.2%. Build-A-Bear Workshop's payout ratio is 19.73%.

Insider Buying and Selling

In related news, Director Lesli Rotenberg sold 1,755 shares of Build-A-Bear Workshop stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $53.52, for a total transaction of $93,927.60. Following the completion of the sale, the director directly owned 11,825 shares of the company's stock, valued at approximately $632,874. This trade represents a 12.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Craig Leavitt sold 8,250 shares of Build-A-Bear Workshop stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $50.21, for a total value of $414,232.50. Following the sale, the director directly owned 72,392 shares of the company's stock, valued at approximately $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. 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.