Build-A-Bear Workshop, Inc. (NYSE:BBW) Announces $0.23 Quarterly Dividend

Build-A-Bear Workshop, Inc. (NYSE:BBW) declared a quarterly dividend on Wednesday, September 9th. Investors of record on Thursday, September 24th will be paid a dividend of 0.23 per share by the specialty retailer on Thursday, October 8th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Thursday, September 24th.

Build-A-Bear Workshop has a payout ratio of 21.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Build-A-Bear Workshop to earn $3.76 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 24.5%.

Build-A-Bear Workshop Price Performance

Build-A-Bear Workshop stock opened at $28.14 on Thursday. Build-A-Bear Workshop has a fifty-two week low of $27.50 and a fifty-two week high of $75.85. The firm has a fifty day moving average price of $33.99 and a two-hundred day moving average price of $36.66. The firm has a market cap of $352.83 million, a price-to-earnings ratio of 6.98 and a beta of 1.05.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings results on Thursday, August 27th. The specialty retailer reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.06. The company had revenue of $115.29 million for the quarter, compared to the consensus estimate of $120.81 million. Build-A-Bear Workshop had a return on equity of 29.85% and a net margin of 9.96%. As a group, sell-side analysts expect that Build-A-Bear Workshop will post 3.57 earnings per share for the current year.

Insider Activity

In other news, Director Sharon John sold 6,818 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $40.03, for a total transaction of $272,924.54. Following the completion of the transaction, the director owned 181,653 shares of the company’s stock, valued at approximately $7,271,569.59. This represents a 3.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.00% of the company’s stock.

Institutional Investors Weigh In On Build-A-Bear Workshop

Institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in Build-A-Bear Workshop by 10.3% in the 1st quarter. AQR Capital Management LLC now owns 37,339 shares of the specialty retailer’s stock valued at $1,388,000 after acquiring an additional 3,490 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Build-A-Bear Workshop by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,533 shares of the specialty retailer’s stock valued at $280,000 after purchasing an additional 456 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Build-A-Bear Workshop in the 1st quarter valued at approximately $199,000. Caxton Associates LLP acquired a new position in shares of Build-A-Bear Workshop in the 1st quarter worth approximately $267,000. Finally, Rhumbline Advisers raised its holdings in shares of Build-A-Bear Workshop by 2.7% in the 2nd quarter. Rhumbline Advisers now owns 18,728 shares of the specialty retailer’s stock worth $966,000 after buying an additional 492 shares in the last quarter. 79.30% of the stock is owned by institutional investors and hedge funds.

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.