Build-A-Bear Workshop, Inc. (NYSE:BBW) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC increased its stake in Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 55.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,611 shares of the specialty retailer's stock after acquiring an additional 19,874 shares during the period. Lazard Asset Management LLC owned approximately 0.41% of Build-A-Bear Workshop worth $2,560,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. USA Financial Formulas acquired a new stake in shares of Build-A-Bear Workshop in the fourth quarter worth approximately $27,000. New York State Teachers Retirement System purchased a new position in Build-A-Bear Workshop in the fourth quarter valued at approximately $53,000. Tower Research Capital LLC TRC raised its holdings in Build-A-Bear Workshop by 494.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the specialty retailer's stock valued at $78,000 after buying an additional 1,405 shares during the period. Legal & General Group Plc raised its holdings in Build-A-Bear Workshop by 26.0% in the fourth quarter. Legal & General Group Plc now owns 3,793 shares of the specialty retailer's stock valued at $175,000 after buying an additional 783 shares during the period. Finally, Intech Investment Management LLC purchased a new position in Build-A-Bear Workshop in the fourth quarter valued at approximately $200,000. 79.30% of the stock is owned by institutional investors and hedge funds.

Build-A-Bear Workshop Stock Up 0.0%

Shares of BBW traded up $0.02 during mid-day trading on Tuesday, reaching $41.63. 175,405 shares of the stock traded hands, compared to its average volume of 270,625. The firm has a market cap of $549.77 million, a price-to-earnings ratio of 11.07 and a beta of 0.54. The stock has a fifty day simple moving average of $37.13 and a 200 day simple moving average of $39.33. Build-A-Bear Workshop, Inc. has a 12-month low of $23.63 and a 12-month high of $48.23.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $1.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.52 by $0.07. The company had revenue of $150.45 million for the quarter, compared to analyst estimates of $147.53 million. Build-A-Bear Workshop had a net margin of 10.58% and a return on equity of 38.35%. On average, equities research analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current fiscal year.

Build-A-Bear Workshop Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.11%. This is a positive change from Build-A-Bear Workshop's previous quarterly dividend of $0.20. Build-A-Bear Workshop's dividend payout ratio (DPR) is currently 23.10%.

Analysts Set New Price Targets

BBW has been the topic of several research reports. Piper Sandler raised their price target on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an "overweight" rating in a report on Thursday, May 15th. DA Davidson upgraded shares of Build-A-Bear Workshop to a "strong-buy" rating in a report on Thursday, May 15th. Finally, StockNews.com lowered shares of Build-A-Bear Workshop from a "buy" rating to a "hold" rating in a report on Friday, March 21st.

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.