Municipal Employees Retirement System of Michigan Invests $184,000 in Build-A-Bear Workshop, Inc (BBW) Stock

Municipal Employees Retirement System of Michigan purchased a new position in Build-A-Bear Workshop, Inc (NYSE:BBW) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 46,500 shares of the specialty retailer’s stock, valued at approximately $184,000. Municipal Employees Retirement System of Michigan owned approximately 0.31% of Build-A-Bear Workshop at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. O Shaughnessy Asset Management LLC purchased a new position in Build-A-Bear Workshop in the 4th quarter worth about $45,000. GSA Capital Partners LLP grew its stake in Build-A-Bear Workshop by 40.0% during the 4th quarter. GSA Capital Partners LLP now owns 16,800 shares of the specialty retailer’s stock valued at $66,000 after acquiring an additional 4,800 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Build-A-Bear Workshop during the 4th quarter valued at about $71,000. JPMorgan Chase & Co. grew its stake in Build-A-Bear Workshop by 744.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 20,719 shares of the specialty retailer’s stock valued at $187,000 after acquiring an additional 18,265 shares in the last quarter. Finally, Man Group plc purchased a new position in Build-A-Bear Workshop during the 3rd quarter valued at about $215,000. 79.52% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Build-A-Bear Workshop from a “strong sell” rating to a “hold” rating and set a $6.25 target price on the stock in a research note on Monday, March 18th. ValuEngine raised Build-A-Bear Workshop from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th.

NYSE:BBW opened at $5.61 on Wednesday. Build-A-Bear Workshop, Inc has a fifty-two week low of $3.75 and a fifty-two week high of $9.85.

Build-A-Bear Workshop (NYSE:BBW) last released its earnings results on Wednesday, March 13th. The specialty retailer reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.40). Build-A-Bear Workshop had a negative net margin of 5.33% and a negative return on equity of 7.65%. The business had revenue of $101.53 million for the quarter, compared to analysts’ expectations of $99.90 million. During the same period last year, the firm earned $0.09 EPS.

In other Build-A-Bear Workshop news, major shareholder Point72 Asset Management, L.P. sold 2,050,000 shares of Build-A-Bear Workshop stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $5.11, for a total transaction of $10,475,500.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 8.40% of the company’s stock.

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Build-A-Bear Workshop Company Profile

Build-A-Bear Workshop, Inc operates as a specialty retailer of plush animals and related products. The company operates through three segments: Direct-to-Consumer, International Franchising, and Commercial. Its merchandise comprises a range of styles of stuffed animals; clothing, shoes, and accessories for the stuffed animals; and other toy and novelty items.

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Institutional Ownership by Quarter for Build-A-Bear Workshop (NYSE:BBW)

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