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

Build-A-Bear Workshop (NYSE:BBW) announced its earnings results on Thursday. The specialty retailer reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.27, FiscalAI reports. The business had revenue of $125.27 million for the quarter, compared to analyst estimates of $129.45 million. Build-A-Bear Workshop had a return on equity of 34.25% and a net margin of 9.85%.

Build-A-Bear Workshop Stock Up 0.3%

BBW stock opened at $37.78 on Thursday. Build-A-Bear Workshop has a twelve month low of $34.08 and a twelve month high of $75.85. The firm has a market cap of $475.23 million, a PE ratio of 9.47 and a beta of 1.06. The business has a 50 day moving average of $37.87 and a 200 day moving average of $48.70.

Build-A-Bear Workshop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 26th were given a dividend of $0.23 per share. This is a boost from Build-A-Bear Workshop’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.92 dividend on an annualized basis and a yield of 2.4%. Build-A-Bear Workshop’s dividend payout ratio is 23.06%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBW. IFP Advisors Inc grew its holdings in shares of Build-A-Bear Workshop by 68.1% in the third quarter. IFP Advisors Inc now owns 501 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 203 shares during the period. Commonwealth Equity Services LLC lifted its position in Build-A-Bear Workshop by 7.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,392 shares of the specialty retailer’s stock valued at $208,000 after purchasing an additional 221 shares in the last quarter. SkyView Investment Advisors LLC lifted its position 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 purchasing an additional 356 shares in the last quarter. Deutsche Bank AG lifted its position in Build-A-Bear Workshop by 3.5% during the fourth quarter. Deutsche Bank AG now owns 10,770 shares of the specialty retailer’s stock valued at $660,000 after purchasing an additional 363 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted 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 valued at $376,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 79.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BBW. Zacks Research upgraded Build-A-Bear Workshop from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings lowered Build-A-Bear Workshop from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 20th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $73.33.

Build-A-Bear Workshop Company Profile

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.