Build-A-Bear Workshop (NYSE:BBW) Issues Quarterly Earnings Results

Build-A-Bear Workshop (NYSE:BBW) announced its quarterly earnings results on Thursday. The specialty retailer reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06, FiscalAI reports. Build-A-Bear Workshop had a net margin of 10.48% and a return on equity of 32.15%.

Build-A-Bear Workshop Price Performance

Shares of NYSE BBW opened at $39.18 on Thursday. Build-A-Bear Workshop has a 1 year low of $29.35 and a 1 year high of $75.85. The stock has a market capitalization of $491.32 million, a P/E ratio of 9.18 and a beta of 1.10. The company’s 50-day moving average is $34.40 and its 200 day moving average is $38.24.

Build-A-Bear Workshop Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.3%. Build-A-Bear Workshop’s payout ratio is presently 21.55%.

Insider Activity at Build-A-Bear Workshop

In other news, Director Sharon Price John sold 6,818 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $40.03, for a total value of $272,924.54. Following the completion of the transaction, the director owned 181,653 shares in the company, valued at $7,271,569.59. This trade represents a 3.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director George Carrara sold 3,000 shares of Build-A-Bear Workshop stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $34.52, for a total value of $103,560.00. Following the sale, the director owned 11,277 shares in the company, valued at $389,282.04. This represents a 21.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.00% of the company’s stock.

Institutional Trading of Build-A-Bear Workshop

Hedge funds have recently modified their holdings of the business. AQR Capital Management LLC grew its stake in shares of Build-A-Bear Workshop by 10.3% in the first quarter. AQR Capital Management LLC now owns 37,339 shares of the specialty retailer’s stock worth $1,388,000 after acquiring an additional 3,490 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Build-A-Bear Workshop by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,533 shares of the specialty retailer’s stock valued at $280,000 after purchasing an additional 456 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Build-A-Bear Workshop in the 1st quarter worth about $199,000. Caxton Associates LLP bought a new position in Build-A-Bear Workshop during the 1st quarter valued at about $267,000. Finally, Rhumbline Advisers boosted its holdings in shares of Build-A-Bear Workshop by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 18,728 shares of the specialty retailer’s stock valued at $966,000 after acquiring an additional 492 shares during the last quarter. Institutional investors own 79.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BBW shares. DA Davidson reiterated a “buy” rating and set a $60.00 target price on shares of Build-A-Bear Workshop in a report on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Build-A-Bear Workshop in a research report on Monday, August 17th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Build-A-Bear Workshop presently has a consensus rating of “Moderate Buy” and an average price target of $70.00.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc operates a specialty retail business focused on interactive “workshop” experiences that allow customers to create customized stuffed animals. Through its in-store and online platforms, the company offers a wide range of plush toys, apparel, accessories and sound modules, enabling guests to personalize each creation. In addition to its core bear products, Build-A-Bear has expanded its portfolio to include licensed characters from leading entertainment and media franchises.

Founded in 1997 by Maxine Clark and headquartered in St.