Build-A-Bear Workshop (NYSE:BBW) Shares Gap Down – What’s Next?

Build-A-Bear Workshop, Inc. (NYSE:BBW)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $57.40, but opened at $50.29. Build-A-Bear Workshop shares last traded at $48.4210, with a volume of 470,942 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on BBW. Wall Street Zen cut shares of Build-A-Bear Workshop from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 23rd. Northland Securities raised their target price on shares of Build-A-Bear Workshop from $60.00 to $80.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. DA Davidson lifted 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 report on Friday, August 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Build-A-Bear Workshop in a research note on Wednesday, October 8th. Finally, Zacks Research lowered Build-A-Bear Workshop from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $68.00.

Build-A-Bear Workshop Stock Down 12.8%

The stock’s fifty day moving average price is $55.43 and its 200 day moving average price is $55.04. The stock has a market cap of $657.56 million, a PE ratio of 11.24 and a beta of 1.01.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.07. Build-A-Bear Workshop had a net margin of 11.34% and a return on equity of 41.14%. The company had revenue of $122.68 million during the quarter, compared to analyst estimates of $124.28 million. During the same period in the previous year, the business earned $0.73 EPS. On average, equities research analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, November 26th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.88 annualized dividend and a dividend yield of 1.8%. Build-A-Bear Workshop’s dividend payout ratio (DPR) is 19.73%.

Insiders Place Their Bets

In other Build-A-Bear Workshop news, Director Lesli Rotenberg sold 1,000 shares of the business’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $61.34, for a total value of $61,340.00. Following the completion of the transaction, the director owned 9,825 shares of the company’s stock, valued at approximately $602,665.50. The trade was a 9.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sharon Price John sold 12,643 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $73.08, for a total transaction of $923,950.44. Following the sale, the chief executive officer directly owned 248,662 shares in the company, valued at approximately $18,172,218.96. The trade was a 4.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 61,387 shares of company stock valued at $4,417,721 over the last quarter. Corporate insiders own 5.80% of the company’s stock.

Institutional Investors Weigh In On Build-A-Bear Workshop

A number of hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd lifted its holdings in shares of Build-A-Bear Workshop by 45.0% during the 1st quarter. XTX Topco Ltd now owns 11,042 shares of the specialty retailer’s stock valued at $410,000 after buying an additional 3,428 shares during the period. Vanguard Group Inc. lifted its holdings in Build-A-Bear Workshop by 1.4% in the first quarter. Vanguard Group Inc. now owns 995,693 shares of the specialty retailer’s stock valued at $37,010,000 after acquiring an additional 13,713 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Build-A-Bear Workshop by 42.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 65,815 shares of the specialty retailer’s stock worth $2,446,000 after purchasing an additional 19,743 shares during the last quarter. Cynosure Group LLC purchased a new position in Build-A-Bear Workshop in the first quarter worth about $313,000. Finally, Nuveen LLC bought a new stake in shares of Build-A-Bear Workshop during the 1st quarter valued at about $1,538,000. 79.30% of the stock is currently 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.