Build-A-Bear Workshop, Inc. (NYSE:BBW) Director Craig Leavitt Sells 8,250 Shares

Build-A-Bear Workshop, Inc. (NYSE:BBW) Director Craig Leavitt sold 8,250 shares of the stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $50.21, for a total transaction of $414,232.50. Following the sale, the director now directly owns 72,392 shares of the company’s stock, valued at approximately $3,634,802.32. This represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Build-A-Bear Workshop Trading Down 1.4%

NYSE:BBW opened at $49.81 on Friday. Build-A-Bear Workshop, Inc. has a 1 year low of $23.63 and a 1 year high of $55.57. The firm’s fifty day simple moving average is $40.53 and its 200 day simple moving average is $40.44. The firm has a market capitalization of $657.79 million, a PE ratio of 13.25 and a beta of 0.72.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.31. Build-A-Bear Workshop had a net margin of 10.58% and a return on equity of 38.35%. The firm had revenue of $128.40 million during the quarter, compared to the consensus estimate of $118.90 million. During the same period in the prior year, the firm earned $0.82 EPS. As a group, analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Thursday, June 26th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend is Thursday, June 26th. Build-A-Bear Workshop’s dividend payout ratio is currently 21.15%.

Institutional Investors Weigh In On Build-A-Bear Workshop

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBW. Inspire Investing LLC acquired a new stake in shares of Build-A-Bear Workshop during the 1st quarter worth approximately $775,000. Rhumbline Advisers grew its position in shares of Build-A-Bear Workshop by 6.0% during the 1st quarter. Rhumbline Advisers now owns 18,236 shares of the specialty retailer’s stock worth $678,000 after buying an additional 1,025 shares during the period. Acadian Asset Management LLC grew its position in shares of Build-A-Bear Workshop by 61.9% during the 1st quarter. Acadian Asset Management LLC now owns 119,046 shares of the specialty retailer’s stock worth $4,423,000 after buying an additional 45,498 shares during the period. Caxton Associates LLP acquired a new stake in shares of Build-A-Bear Workshop during the 1st quarter worth approximately $267,000. Finally, Jones Financial Companies Lllp bought a new position in Build-A-Bear Workshop during the 1st quarter worth approximately $199,000. Institutional investors and hedge funds own 79.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BBW shares. Piper Sandler boosted their price target on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, May 15th. Wall Street Zen lowered shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a report on Saturday, June 7th. Finally, DA Davidson boosted their price target on shares of Build-A-Bear Workshop from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, May 30th.

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.