Quantedge Capital Pte Ltd Invests $1.75 Million in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Quantedge Capital Pte Ltd bought a new position in Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 38,000 shares of the specialty retailer's stock, valued at approximately $1,750,000. Quantedge Capital Pte Ltd owned approximately 0.28% of Build-A-Bear Workshop as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of Build-A-Bear Workshop by 14.7% during the 4th quarter. American Century Companies Inc. now owns 431,708 shares of the specialty retailer's stock valued at $19,876,000 after purchasing an additional 55,328 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Build-A-Bear Workshop by 26.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 291,990 shares of the specialty retailer's stock valued at $13,443,000 after purchasing an additional 61,111 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Build-A-Bear Workshop by 77.5% during the 4th quarter. Bank of New York Mellon Corp now owns 180,045 shares of the specialty retailer's stock valued at $8,289,000 after purchasing an additional 78,629 shares during the last quarter. Marshall Wace LLP increased its position 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 valued at $6,350,000 after purchasing an additional 100,633 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Build-A-Bear Workshop by 396.5% in the 4th quarter. Invesco Ltd. now owns 129,801 shares of the specialty retailer's stock worth $5,976,000 after acquiring an additional 103,656 shares during the last quarter. 79.30% of the stock is currently owned by institutional investors.

Build-A-Bear Workshop Price Performance

BBW stock traded down $0.65 during mid-day trading on Monday, reaching $41.63. 207,900 shares of the company traded hands, compared to its average volume of 271,006. The company has a market capitalization of $549.77 million, a P/E ratio of 11.07 and a beta of 0.54. Build-A-Bear Workshop, Inc. has a 52-week low of $23.63 and a 52-week high of $48.23. The company has a fifty day moving average price of $37.01 and a 200-day moving average price of $39.31.

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

Build-A-Bear Workshop Increases Dividend

The firm 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. The ex-dividend date was Thursday, March 27th. This represents a $0.88 annualized dividend and a dividend yield of 2.11%. Build-A-Bear Workshop's payout ratio is presently 23.10%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BBW. DA Davidson raised Build-A-Bear Workshop to a "strong-buy" rating in a report on Thursday. StockNews.com lowered Build-A-Bear Workshop from a "buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Piper Sandler lifted their target price on Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an "overweight" rating in a report on Thursday.

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.