California Public Employees Retirement System reduced its position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) by 3.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,800 shares of the specialty retailer’s stock after selling 3,300 shares during the period. California Public Employees Retirement System owned about 0.60% of Build-A-Bear Workshop worth $980,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Trexquant Investment LP grew its holdings in shares of Build-A-Bear Workshop by 1.1% during the second quarter. Trexquant Investment LP now owns 14,704 shares of the specialty retailer’s stock worth $154,000 after purchasing an additional 155 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Build-A-Bear Workshop by 2.6% during the second quarter. Rhumbline Advisers now owns 16,259 shares of the specialty retailer’s stock worth $170,000 after purchasing an additional 415 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Build-A-Bear Workshop by 1.4% during the first quarter. TIAA CREF Investment Management LLC now owns 36,500 shares of the specialty retailer’s stock worth $323,000 after purchasing an additional 488 shares during the last quarter. Strs Ohio grew its holdings in shares of Build-A-Bear Workshop by 6.1% during the second quarter. Strs Ohio now owns 39,900 shares of the specialty retailer’s stock worth $416,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Build-A-Bear Workshop by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 70,023 shares of the specialty retailer’s stock worth $620,000 after purchasing an additional 3,229 shares during the last quarter. Institutional investors own 69.61% of the company’s stock.

In other Build-A-Bear Workshop news, major shareholder Point72 Asset Management, L.P. purchased 10,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average cost of $8.51 per share, with a total value of $85,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Braden Michael Leonard sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $8.99, for a total value of $719,200.00. Following the completion of the transaction, the director now directly owns 149,520 shares in the company, valued at $1,344,184.80. The disclosure for this sale can be found here. Over the last three months, insiders acquired 71,000 shares of company stock worth $614,110 and sold 177,000 shares worth $1,599,746. 17.50% of the stock is currently owned by insiders.

Several analysts have recently weighed in on BBW shares. Zacks Investment Research upgraded Build-A-Bear Workshop from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Friday, September 15th. Dougherty & Co cut Build-A-Bear Workshop from a “buy” rating to a “neutral” rating in a report on Friday, October 27th. Finally, Jefferies Group LLC started coverage on Build-A-Bear Workshop in a report on Wednesday, September 13th. They set a “buy” rating and a $12.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Build-A-Bear Workshop presently has a consensus rating of “Hold” and an average price target of $11.67.

Shares of Build-A-Bear Workshop, Inc. (NYSE BBW) opened at $7.80 on Monday. Build-A-Bear Workshop, Inc. has a twelve month low of $7.25 and a twelve month high of $15.85. The company has a market capitalization of $124.16, a P/E ratio of 19.50, a P/E/G ratio of 0.86 and a beta of -0.18.

Build-A-Bear Workshop (NYSE:BBW) last announced its earnings results on Thursday, October 26th. The specialty retailer reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). Build-A-Bear Workshop had a net margin of 0.83% and a return on equity of 6.33%. The company had revenue of $82.40 million during the quarter, compared to the consensus estimate of $85.61 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. equities analysts expect that Build-A-Bear Workshop, Inc. will post 0.51 EPS for the current fiscal year.

Build-A-Bear Workshop declared that its Board of Directors has authorized a share repurchase program on Monday, August 21st that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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About Build-A-Bear Workshop

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.

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

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