Build-A-Bear Workshop (NYSE:BBW) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Build-A-Bear Workshop (NYSE:BBW) announced its earnings results on Thursday. The specialty retailer reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06, FiscalAI reports. Build-A-Bear Workshop had a net margin of 10.48% and a return on equity of 32.15%.

Build-A-Bear Workshop Price Performance

Shares of BBW opened at $39.18 on Thursday. The company’s fifty day moving average price is $34.40 and its 200 day moving average price is $38.24. Build-A-Bear Workshop has a one year low of $29.35 and a one year high of $75.85. The company has a market capitalization of $491.32 million, a PE ratio of 9.18 and a beta of 1.10.

Build-A-Bear Workshop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.3%. Build-A-Bear Workshop’s dividend payout ratio is currently 21.55%.

Insider Activity at Build-A-Bear Workshop

In other news, Director George Carrara sold 3,000 shares of the 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 sale, the director directly owned 11,277 shares of the company’s stock, valued at $389,282.04. This represents a 21.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sharon Price John sold 6,818 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $40.03, for a total value of $272,924.54. Following the sale, the director directly owned 181,653 shares in the company, valued at $7,271,569.59. The trade was a 3.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 4.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBW. Commonwealth Equity Services LLC increased its holdings in Build-A-Bear Workshop by 7.0% in 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 in the last quarter. Creative Planning purchased a new stake in Build-A-Bear Workshop during the third quarter valued at about $238,000. Tower Research Capital LLC TRC boosted its stake in Build-A-Bear Workshop by 63.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,391 shares of the specialty retailer’s stock worth $175,000 after purchasing an additional 1,321 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in shares of Build-A-Bear Workshop in the second quarter worth $235,000. Finally, Caxton Associates LLP bought a new stake in Build-A-Bear Workshop during the first quarter valued at approximately $267,000. 79.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on BBW. Weiss Ratings restated a “hold (c)” rating on shares of Build-A-Bear Workshop in a report on Monday, August 17th. DA Davidson reiterated a “buy” rating and issued a $60.00 price target on shares of Build-A-Bear Workshop in a research note on Friday, May 29th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Build-A-Bear Workshop currently has an average rating of “Moderate Buy” and an average price target 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.