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

Build-A-Bear Workshop (NYSE:BBW) announced its earnings results on Thursday. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.07, FiscalAI reports. The business had revenue of $122.68 million during the quarter, compared to analyst estimates of $124.28 million. Build-A-Bear Workshop had a return on equity of 41.14% and a net margin of 11.34%.During the same period last year, the company earned $0.73 EPS.

Build-A-Bear Workshop Stock Performance

Shares of NYSE BBW opened at $48.34 on Friday. The stock has a market cap of $634.72 million, a price-to-earnings ratio of 10.84 and a beta of 1.01. Build-A-Bear Workshop has a fifty-two week low of $32.55 and a fifty-two week high of $75.85. The firm’s 50-day simple moving average is $54.95 and its 200 day simple moving average is $55.00.

Build-A-Bear Workshop Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, November 26th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, November 26th. Build-A-Bear Workshop’s dividend payout ratio is currently 19.73%.

Insider Buying and Selling

In other Build-A-Bear Workshop news, Director Lesli Rotenberg sold 1,000 shares of the stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $61.34, for a total transaction of $61,340.00. Following the completion of the transaction, the director owned 9,825 shares in the company, valued at $602,665.50. This trade represents a 9.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sharon Price John sold 12,643 shares of Build-A-Bear Workshop stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $73.08, for a total transaction of $923,950.44. Following the completion of the transaction, the chief executive officer owned 248,662 shares of the company’s stock, valued at $18,172,218.96. The trade was a 4.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 61,387 shares of company stock worth $4,417,721. 5.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. IFP Advisors Inc raised its holdings in Build-A-Bear Workshop by 68.1% during the 3rd quarter. IFP Advisors Inc now owns 501 shares of the specialty retailer’s stock valued at $33,000 after acquiring an additional 203 shares during the period. SkyView Investment Advisors LLC boosted its stake in Build-A-Bear Workshop by 2.1% during the second quarter. SkyView Investment Advisors LLC now owns 17,065 shares of the specialty retailer’s stock valued at $915,000 after buying an additional 356 shares during the period. Rafferty Asset Management LLC grew its position in Build-A-Bear Workshop by 6.0% during the second quarter. Rafferty Asset Management LLC now owns 7,284 shares of the specialty retailer’s stock worth $376,000 after buying an additional 414 shares in the last quarter. Larson Financial Group LLC increased its stake in Build-A-Bear Workshop by 453.1% in the 3rd quarter. Larson Financial Group LLC now owns 542 shares of the specialty retailer’s stock worth $35,000 after acquiring an additional 444 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Build-A-Bear Workshop by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,533 shares of the specialty retailer’s stock valued at $280,000 after acquiring an additional 456 shares in the last quarter. 79.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on BBW. Northland Securities upped their price objective on shares of Build-A-Bear Workshop from $60.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Build-A-Bear Workshop in a report on Wednesday, October 8th. DA Davidson increased their price target on Build-A-Bear Workshop from $64.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Wall Street Zen downgraded Build-A-Bear Workshop from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 23rd. Finally, Zacks Research lowered Build-A-Bear Workshop from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Build-A-Bear Workshop has an average rating of “Moderate Buy” and an average price target of $68.00.

About Build-A-Bear Workshop

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.