Insider Selling: Build-A-Bear Workshop, Inc. (NYSE:BBW) Director Sells 8,250 Shares of Stock

Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report) 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 now owns 72,392 shares in the company, valued at $3,634,802.32. This trade represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Build-A-Bear Workshop Trading Up 6.2%

Shares of Build-A-Bear Workshop stock traded up $3.07 during trading on Monday, hitting $52.96. 278,515 shares of the stock were exchanged, compared to its average volume of 273,490. The company has a fifty day moving average price of $40.53 and a 200-day moving average price of $40.47. The stock has a market capitalization of $699.40 million, a price-to-earnings ratio of 14.09 and a beta of 0.72. Build-A-Bear Workshop, Inc. has a 1-year low of $23.63 and a 1-year high of $55.57.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $0.86 by $0.31. The business had revenue of $128.40 million during the quarter, compared to analysts' expectations of $118.90 million. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. During the same quarter last year, the company posted $0.82 earnings per share. Equities research analysts forecast that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Thursday, June 26th. Build-A-Bear Workshop's payout ratio is presently 21.15%.

Institutional Investors Weigh In On Build-A-Bear Workshop

A number of large investors have recently added to or reduced their stakes in the business. Alta Fox Capital Management LLC bought a new position in Build-A-Bear Workshop during the fourth quarter worth $5,631,000. Invesco Ltd. lifted its stake in shares of Build-A-Bear Workshop by 396.5% during the 4th quarter. Invesco Ltd. now owns 129,801 shares of the specialty retailer's stock worth $5,976,000 after buying an additional 103,656 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Build-A-Bear Workshop by 269.9% during the 4th quarter. Marshall Wace LLP now owns 137,922 shares of the specialty retailer's stock worth $6,350,000 after buying an additional 100,633 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of Build-A-Bear Workshop during the 1st quarter worth about $3,572,000. Finally, Pacer Advisors Inc. acquired a new position in Build-A-Bear Workshop in the 1st quarter valued at about $3,154,000. Institutional investors own 79.30% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BBW. Piper Sandler raised their price objective on Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. Wall Street Zen upgraded Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a research note on Sunday. Finally, DA Davidson increased their price objective on Build-A-Bear Workshop from $50.00 to $60.00 and gave the company a "buy" rating in a report on Friday, May 30th.

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.