Geode Capital Management LLC Acquires 3,422 Shares of Build-A-Bear Workshop, Inc. (BBW)

Geode Capital Management LLC lifted its stake in Build-A-Bear Workshop, Inc. (NYSE:BBW) by 3.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,140 shares of the specialty retailer’s stock after buying an additional 3,422 shares during the quarter. Geode Capital Management LLC owned approximately 0.64% of Build-A-Bear Workshop worth $877,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Signia Capital Management LLC boosted its position in Build-A-Bear Workshop by 66.2% during the first quarter. Signia Capital Management LLC now owns 492,584 shares of the specialty retailer’s stock worth $4,359,000 after purchasing an additional 196,131 shares in the last quarter. Tahithromos L.L.C. purchased a new position in shares of Build-A-Bear Workshop in the first quarter valued at approximately $729,000. Royce & Associates LP increased its holdings in shares of Build-A-Bear Workshop by 6.6% in the first quarter. Royce & Associates LP now owns 401,900 shares of the specialty retailer’s stock valued at $3,557,000 after purchasing an additional 25,000 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Build-A-Bear Workshop by 15.5% in the first quarter. California Public Employees Retirement System now owns 97,100 shares of the specialty retailer’s stock valued at $859,000 after purchasing an additional 13,000 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in shares of Build-A-Bear Workshop by 1.4% in the first quarter. TIAA CREF Investment Management LLC now owns 36,500 shares of the specialty retailer’s stock valued at $323,000 after purchasing an additional 488 shares during the last quarter. Institutional investors own 68.40% of the company’s stock.

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Several research firms have issued reports on BBW. Zacks Investment Research cut Build-A-Bear Workshop from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Dougherty & Co decreased their target price on Build-A-Bear Workshop from $14.50 to $13.50 and set a “buy” rating for the company in a report on Friday, July 28th. Finally, Jefferies Group LLC assumed coverage on Build-A-Bear Workshop in a report on Wednesday. They set a “buy” rating and a $12.00 price target for the company. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $12.00.

In related news, major shareholder Point72 Asset Management, L.P. bought 17,000 shares of Build-A-Bear Workshop stock in a transaction dated Thursday, August 24th. The shares were bought at an average cost of $8.48 per share, for a total transaction of $144,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought 61,000 shares of company stock worth $537,110 over the last quarter. 17.50% of the stock is owned by company insiders.

Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) remained flat at $9.00 during trading on Friday. 38,729 shares of the stock were exchanged. The stock has a market cap of $140.98 million, a PE ratio of 41.67 and a beta of -0.09. The stock’s 50-day moving average is $9.06 and its 200 day moving average is $9.67. Build-A-Bear Workshop, Inc. has a 1-year low of $8.05 and a 1-year high of $15.85.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings results on Thursday, July 27th. The specialty retailer reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.05. Build-A-Bear Workshop had a net margin of 0.94% and a return on equity of 7.20%. The firm had revenue of $77.30 million for the quarter, compared to analyst estimates of $78.58 million. During the same period in the previous year, the business earned ($0.28) earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts expect that Build-A-Bear Workshop, Inc. will post $0.53 earnings per share for the current fiscal year.

Build-A-Bear Workshop declared that its board has authorized a stock buyback plan on Monday, August 21st that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc is primarily a specialty retailer offering a make your own stuffed animal interactive retail-entertainment experience. The Company’s segments include direct-to-consumer (DTC), international franchising and commercial. The DTC segment includes the activities of Company-owned stores in the United States, Canada, the United Kingdom, Ireland and Denmark, and other retail delivery operations, including its e-commerce sites and temporary stores.

Institutional Ownership by Quarter for Build-A-Bear Workshop (NYSE:BBW)

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