Build-A-Bear Workshop, Inc. (NYSE:BBW) Shares Purchased by Victory Capital Management Inc.

Key Points

• Victory Capital Management Inc. significantly increased its stake in Build-A-Bear Workshop, acquiring an additional 28,048 shares, bringing its total holdings to 44,932 shares valued at approximately $1.67 million.
• Build-A-Bear Workshop recently received upgrades from Wall Street analysts, with DA Davidson raising the price target from $50 to $60 and Wall Street Zen upgrading the stock from "buy" to "strong-buy."
• The company announced a quarterly dividend of $0.22 per share, which was paid on July 10th, reflecting a 1.72% yield and a payout ratio of 21.15%.

Victory Capital Management Inc. raised its position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 166.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 44,932 shares of the specialty retailer's stock after buying an additional 28,048 shares during the quarter. Victory Capital Management Inc. owned about 0.34% of Build-A-Bear Workshop worth $1,670,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC purchased a new stake in shares of Build-A-Bear Workshop during the first quarter worth about $250,000. Barclays PLC lifted its stake in shares of Build-A-Bear Workshop by 307.5% during the fourth quarter. Barclays PLC now owns 74,355 shares of the specialty retailer's stock worth $3,422,000 after buying an additional 56,109 shares during the period. Squarepoint Ops LLC grew its holdings in shares of Build-A-Bear Workshop by 62.7% during the fourth quarter. Squarepoint Ops LLC now owns 18,802 shares of the specialty retailer's stock valued at $866,000 after buying an additional 7,245 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Build-A-Bear Workshop in the 1st quarter valued at $850,000. Finally, CWA Asset Management Group LLC raised its stake in Build-A-Bear Workshop by 43.0% in the 1st quarter. CWA Asset Management Group LLC now owns 24,836 shares of the specialty retailer's stock worth $923,000 after acquiring an additional 7,467 shares during the last quarter. 79.30% of the stock is currently owned by institutional investors.

Build-A-Bear Workshop Stock Performance

Shares of BBW stock traded down $1.40 on Friday, reaching $49.31. 259,238 shares of the company were exchanged, compared to its average volume of 272,966. Build-A-Bear Workshop, Inc. has a 1 year low of $23.63 and a 1 year high of $55.56. The business has a 50-day moving average price of $50.51 and a 200 day moving average price of $42.60. The company has a market cap of $651.39 million, a price-to-earnings ratio of 11.85 and a beta of 0.70.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last released its earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.31. Build-A-Bear Workshop had a return on equity of 40.74% and a net margin of 10.91%. The business had revenue of $128.40 million for the quarter, compared to the consensus estimate of $118.90 million. During the same quarter last year, the business posted $0.82 earnings per share. As a group, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, June 26th. Build-A-Bear Workshop's dividend payout ratio is presently 21.15%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BBW shares. Piper Sandler increased their price target 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. Wall Street Zen upgraded shares of Build-A-Bear Workshop from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. Finally, DA Davidson lifted their price objective on shares of Build-A-Bear Workshop from $50.00 to $60.00 and gave the company a "buy" rating in a report on Friday, May 30th.

Insider Buying and Selling

In other Build-A-Bear Workshop news, CEO Sharon Price John sold 31,250 shares of Build-A-Bear Workshop stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $45.73, for a total transaction of $1,429,062.50. Following the completion of the sale, the chief executive officer directly owned 291,305 shares in the company, valued at $13,321,377.65. This trade represents a 9.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $50.21, for a total transaction of $414,232.50. Following the completion of the sale, the director owned 72,392 shares of the company's stock, valued at $3,634,802.32. This trade represents a 10.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 48,248 shares of company stock valued at $2,276,383 in the last quarter. Corporate insiders own 5.80% of the company's stock.

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.