Paradigm Capital Management Inc. NY Takes $30.14 Million Position in Build-A-Bear Workshop, Inc. $BBW

Paradigm Capital Management Inc. NY purchased a new position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 984,500 shares of the specialty retailer’s stock, valued at approximately $30,136,000. Build-A-Bear Workshop comprises 0.8% of Paradigm Capital Management Inc. NY’s holdings, making the stock its 25th biggest position. Paradigm Capital Management Inc. NY owned 0.08% of Build-A-Bear Workshop as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in BBW. IFP Advisors Inc lifted its holdings in Build-A-Bear Workshop by 68.1% during the third quarter. IFP Advisors Inc now owns 501 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 203 shares during the last quarter. Commonwealth Equity Services LLC boosted 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 worth $208,000 after purchasing an additional 221 shares during the period. SkyView Investment Advisors LLC increased its stake in shares of Build-A-Bear Workshop by 2.1% in the second quarter. SkyView Investment Advisors LLC now owns 17,065 shares of the specialty retailer’s stock worth $915,000 after purchasing an additional 356 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Build-A-Bear Workshop by 3.5% in the fourth quarter. Deutsche Bank AG now owns 10,770 shares of the specialty retailer’s stock worth $660,000 after purchasing an additional 363 shares in the last quarter. Finally, Rafferty Asset Management LLC raised its position in shares of Build-A-Bear Workshop by 6.0% in 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 during the period. Hedge funds and other institutional investors own 79.30% of the company’s stock.

Build-A-Bear Workshop Stock Performance

Shares of BBW opened at $38.81 on Tuesday. Build-A-Bear Workshop, Inc. has a 52-week low of $29.35 and a 52-week high of $75.85. The stock’s 50-day simple moving average is $34.12 and its 200 day simple moving average is $38.49. The stock has a market capitalization of $486.68 million, a price-to-earnings ratio of 9.09 and a beta of 1.10.

Build-A-Bear Workshop (NYSE:BBW) last posted its earnings results on Thursday, May 28th. The specialty retailer reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.27. Build-A-Bear Workshop had a return on equity of 32.15% and a net margin of 10.48%.The business had revenue of $125.27 million during the quarter, compared to analyst estimates of $129.45 million. On average, research analysts forecast that Build-A-Bear Workshop, Inc. will post 4.04 earnings per share for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, June 25th. Build-A-Bear Workshop’s dividend payout ratio (DPR) is 21.55%.

Insider Buying and Selling

In related news, Director George Carrara sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $34.52, for a total transaction of $103,560.00. Following the completion of the transaction, the director owned 11,277 shares of the company’s stock, valued at approximately $389,282.04. The trade was a 21.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. DA Davidson restated a “buy” rating and set a $60.00 price target on shares of Build-A-Bear Workshop in a research note on Friday, May 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Build-A-Bear Workshop in a report on Monday, August 17th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $70.00.

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.