Miller Value Partners LLC Lowers Holdings in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Miller Value Partners LLC lowered its holdings in Build-A-Bear Workshop, Inc. (NYSE:BBW) by 36.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 95,000 shares of the specialty retailer’s stock after selling 55,000 shares during the quarter. Build-A-Bear Workshop accounts for 1.9% of Miller Value Partners LLC’s holdings, making the stock its 22nd largest holding. Miller Value Partners LLC owned 0.71% of Build-A-Bear Workshop worth $4,374,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. USA Financial Formulas acquired a new stake in shares of Build-A-Bear Workshop during the 4th quarter worth about $27,000. New York State Teachers Retirement System acquired a new stake in shares of Build-A-Bear Workshop during the fourth quarter valued at about $53,000. Fortitude Family Office LLC raised its stake in shares of Build-A-Bear Workshop by 34.1% in the 4th quarter. Fortitude Family Office LLC now owns 1,480 shares of the specialty retailer’s stock valued at $68,000 after acquiring an additional 376 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Build-A-Bear Workshop by 494.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the specialty retailer’s stock worth $78,000 after acquiring an additional 1,405 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Build-A-Bear Workshop by 26.0% during the 4th quarter. Legal & General Group Plc now owns 3,793 shares of the specialty retailer’s stock worth $175,000 after purchasing an additional 783 shares during the period. Institutional investors and hedge funds own 79.30% of the company’s stock.

Build-A-Bear Workshop Stock Up 6.1 %

Build-A-Bear Workshop stock opened at $35.30 on Friday. The company’s 50 day moving average is $37.66 and its two-hundred day moving average is $39.19. The firm has a market cap of $474.43 million, a PE ratio of 9.39 and a beta of 1.04. Build-A-Bear Workshop, Inc. has a 52-week low of $23.63 and a 52-week high of $48.23.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.07. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. The business had revenue of $150.45 million for the quarter, compared to analysts’ expectations of $147.53 million. On average, equities research analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current fiscal year.

Build-A-Bear Workshop Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were given a $0.22 dividend. The ex-dividend date was Thursday, March 27th. This is an increase from Build-A-Bear Workshop’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.49%. Build-A-Bear Workshop’s dividend payout ratio is currently 23.10%.

Analyst Upgrades and Downgrades

BBW has been the topic of a number of research reports. StockNews.com cut Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research note on Friday, March 21st. DA Davidson reaffirmed a “buy” rating and issued a $50.00 target price on shares of Build-A-Bear Workshop in a research report on Friday, March 14th.

Build-A-Bear Workshop Company Profile

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.