Signia Capital Management LLC lifted its holdings in Build-A-Bear Workshop, Inc. (NYSE:BBW) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 508,291 shares of the specialty retailer’s stock after acquiring an additional 15,707 shares during the period. Build-A-Bear Workshop accounts for approximately 5.6% of Signia Capital Management LLC’s holdings, making the stock its 4th largest position. Signia Capital Management LLC owned 3.25% of Build-A-Bear Workshop worth $5,312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new position in shares of Build-A-Bear Workshop in the 1st quarter valued at about $108,000. Trexquant Investment LP bought a new position in shares of Build-A-Bear Workshop in the 1st quarter valued at about $129,000. Rhumbline Advisers lifted its holdings in shares of Build-A-Bear Workshop by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 16,259 shares of the specialty retailer’s stock valued at $170,000 after acquiring an additional 415 shares during the last quarter. KBC Group NV lifted its holdings in shares of Build-A-Bear Workshop by 43.0% in the 1st quarter. KBC Group NV now owns 29,332 shares of the specialty retailer’s stock valued at $260,000 after acquiring an additional 8,814 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its holdings in shares of Build-A-Bear Workshop by 43.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 30,140 shares of the specialty retailer’s stock valued at $315,000 after acquiring an additional 9,090 shares during the last quarter. 68.40% of the stock is owned by hedge funds and other institutional investors.

Build-A-Bear Workshop, Inc. (NYSE BBW) traded up 1.63% during mid-day trading on Friday, reaching $9.35. 30,044 shares of the company were exchanged. Build-A-Bear Workshop, Inc. has a 1-year low of $8.05 and a 1-year high of $15.85. The company has a market capitalization of $146.46 million, a price-to-earnings ratio of 43.29 and a beta of -0.09. The company has a 50 day moving average of $9.41 and a 200-day moving average of $9.73.

Build-A-Bear Workshop (NYSE:BBW) last posted its earnings results on Thursday, July 27th. The specialty retailer reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.05. The company had revenue of $77.30 million for the quarter, compared to analyst estimates of $78.58 million. Build-A-Bear Workshop had a net margin of 0.94% and a return on equity of 7.20%. Build-A-Bear Workshop’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.28) EPS. On average, equities research analysts forecast that Build-A-Bear Workshop, Inc. will post $0.48 EPS for the current year.

Build-A-Bear Workshop declared that its Board of Directors has approved a stock repurchase program on Monday, August 21st that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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A number of analysts recently weighed in on the stock. Dougherty & Co reduced their price objective on shares of Build-A-Bear Workshop from $14.50 to $13.50 and set a “buy” rating on the stock in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Build-A-Bear Workshop currently has an average rating of “Hold” and an average price target of $12.00.

In other news, major shareholder Point72 Asset Management, L.P. bought 15,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were bought at an average cost of $9.25 per share, for a total transaction of $138,750.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders acquired a total of 61,000 shares of company stock worth $537,110 over the last quarter. 17.50% of the stock is currently owned by company insiders.

Build-A-Bear Workshop Company Profile

Build-A-Bear Workshop, Inc is primarily a specialty retailer offering a make your own stuffed animal interactive retail-entertainment experience. The Company’s segments include direct-to-consumer (DTC), international franchising and commercial. The DTC segment includes the activities of Company-owned stores in the United States, Canada, the United Kingdom, Ireland and Denmark, and other retail delivery operations, including its e-commerce sites and temporary stores.

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

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