Miller Value Partners LLC Sells 55,000 Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW)

Miller Value Partners LLC trimmed its stake in Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 36.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,000 shares of the specialty retailer's stock after selling 55,000 shares during the period. Build-A-Bear Workshop accounts for approximately 1.9% of Miller Value Partners LLC's holdings, making the stock its 22nd largest position. Miller Value Partners LLC owned about 0.71% of Build-A-Bear Workshop worth $4,374,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake 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 worth $518,000 after buying an additional 736 shares in the last quarter. Uniplan Investment Counsel Inc. increased its stake in Build-A-Bear Workshop by 183.0% in the 4th quarter. Uniplan Investment Counsel Inc. now owns 90,817 shares of the specialty retailer's stock worth $4,181,000 after buying an additional 58,721 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Build-A-Bear Workshop by 494.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the specialty retailer's stock worth $78,000 after buying an additional 1,405 shares in the last quarter. Marshall Wace LLP increased its stake in Build-A-Bear Workshop by 269.9% in 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 in the last quarter. Finally, Barclays PLC increased its stake in Build-A-Bear Workshop by 307.5% in the 4th 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 in the last quarter. 79.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BBW shares. StockNews.com lowered Build-A-Bear Workshop from a "buy" rating to a "hold" rating in a research note on Friday, March 21st. DA Davidson reaffirmed a "buy" rating and set a $50.00 price objective on shares of Build-A-Bear Workshop in a report on Friday, March 14th.

Build-A-Bear Workshop Trading Down 1.0 %

NYSE:BBW traded down $0.35 during midday trading on Wednesday, hitting $34.56. 78,245 shares of the company traded hands, compared to its average volume of 266,960. The firm's fifty day moving average is $37.32 and its 200-day moving average is $39.22. Build-A-Bear Workshop, Inc. has a 12-month low of $23.63 and a 12-month high of $48.23. The firm has a market capitalization of $454.26 million, a P/E ratio of 9.19 and a beta of 1.04.

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

Build-A-Bear Workshop Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 27th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend was Thursday, March 27th. 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 is presently 23.10%.

Build-A-Bear Workshop 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.