Brokerages Set Build-A-Bear Workshop, Inc. (NYSE:BBW) Target Price at $68.00

Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) have received a consensus recommendation of “Buy” from the five research firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $68.00.

BBW has been the subject of several research analyst reports. Zacks Research upgraded Build-A-Bear Workshop from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 29th. Northland Securities increased 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 report on Friday, August 29th. Wall Street Zen lowered shares of Build-A-Bear Workshop from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 23rd. DA Davidson raised their target price on shares of Build-A-Bear Workshop from $64.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Build-A-Bear Workshop in a research note on Saturday, September 27th.

Build-A-Bear Workshop Trading Down 3.4%

Build-A-Bear Workshop stock opened at $57.97 on Friday. The firm has a 50 day moving average of $61.94 and a 200 day moving average of $50.32. The firm has a market capitalization of $761.08 million, a price-to-earnings ratio of 13.00 and a beta of 0.69. Build-A-Bear Workshop has a 12-month low of $32.55 and a 12-month high of $75.85.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings data on Thursday, August 28th. The specialty retailer reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.27. The firm had revenue of $124.25 million during the quarter, compared to analysts’ expectations of $116.19 million. Build-A-Bear Workshop had a net margin of 11.34% and a return on equity of 41.14%. During the same period in the prior year, the company posted $0.64 earnings per share. On average, analysts predict that Build-A-Bear Workshop will post 3.71 EPS for the current year.

Build-A-Bear Workshop Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 25th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, September 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.5%. Build-A-Bear Workshop’s dividend payout ratio (DPR) is presently 19.73%.

Insider Transactions at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, Director Craig Leavitt sold 4,000 shares of Build-A-Bear Workshop stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $60.61, for a total value of $242,440.00. Following the sale, the director owned 64,142 shares of the company’s stock, valued at $3,887,646.62. The trade was a 5.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lesli Rotenberg sold 1,000 shares of the firm’s stock in a transaction on Monday, October 6th. The shares were sold at an average price of $59.98, for a total transaction of $59,980.00. Following the completion of the transaction, the director directly owned 10,825 shares of the company’s stock, valued at approximately $649,283.50. This trade represents a 8.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,387 shares of company stock worth $4,356,381. 5.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Build-A-Bear Workshop

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans grew its position in Build-A-Bear Workshop by 5,113.6% in the second quarter. Thrivent Financial for Lutherans now owns 752,320 shares of the specialty retailer’s stock worth $38,789,000 after acquiring an additional 737,890 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Build-A-Bear Workshop by 63.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,391 shares of the specialty retailer’s stock worth $175,000 after acquiring an additional 1,321 shares in the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of Build-A-Bear Workshop by 2.1% in the 2nd 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 during the period. Vident Advisory LLC purchased a new position in shares of Build-A-Bear Workshop in the 2nd quarter worth approximately $437,000. Finally, Rafferty Asset Management LLC boosted its holdings in shares of Build-A-Bear Workshop by 6.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 7,284 shares of the specialty retailer’s stock worth $376,000 after purchasing an additional 414 shares during the period. 79.30% of the stock is owned by hedge funds and other institutional investors.

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.