Lazard Asset Management LLC Boosts Position in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Lazard Asset Management LLC boosted its holdings in Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 55.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 0.41% of Build-A-Bear Workshop worth $2,560,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Brandywine Global Investment Management LLC grew its stake in Build-A-Bear Workshop by 0.7% in the 4th quarter. Brandywine Global Investment Management LLC now owns 45,714 shares of the specialty retailer's stock valued at $2,105,000 after acquiring an additional 340 shares during the last quarter. USA Financial Formulas purchased a new position in Build-A-Bear Workshop in the 4th quarter valued at about $27,000. Price T Rowe Associates Inc. MD lifted its holdings in Build-A-Bear Workshop by 7.0% in the 4th 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 in the last quarter. BOKF NA lifted its holdings in Build-A-Bear Workshop by 5.8% in the 4th quarter. BOKF NA now owns 13,709 shares of the specialty retailer's stock valued at $575,000 after purchasing an additional 747 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in Build-A-Bear Workshop by 26.0% in the 4th quarter. Legal & General Group Plc now owns 3,793 shares of the specialty retailer's stock valued at $175,000 after purchasing an additional 783 shares in the last quarter. 79.30% of the stock is owned by institutional investors and hedge funds.

Build-A-Bear Workshop Stock Up 1.7%

Shares of BBW stock traded up $0.68 during trading hours on Thursday, hitting $41.18. 40,794 shares of the company were exchanged, compared to its average volume of 270,762. The firm has a market cap of $543.80 million, a PE ratio of 10.94 and a beta of 0.54. Build-A-Bear Workshop, Inc. has a 1 year low of $23.63 and a 1 year high of $48.23. The firm has a fifty day moving average of $37.34 and a 200 day moving average of $39.36.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.07. The business 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%. Analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were issued a dividend of $0.22 per share. This is a positive change from Build-A-Bear Workshop's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Thursday, March 27th. Build-A-Bear Workshop's dividend payout ratio is presently 23.10%.

Analysts Set New Price Targets

BBW has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Build-A-Bear Workshop from a "buy" rating to a "hold" rating in a report on Friday, March 21st. DA Davidson upgraded shares of Build-A-Bear Workshop to a "strong-buy" rating in a report on Thursday, May 15th. Finally, Piper Sandler increased their price objective 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.

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.