Insider Selling: Build-A-Bear Workshop, Inc. (NYSE:BBW) Director Sells $103,400.00 in Stock

Build-A-Bear Workshop, Inc. (NYSE:BBW) Director Craig Leavitt sold 2,500 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $41.36, for a total value of $103,400.00. Following the completion of the sale, the director now directly owns 78,167 shares in the company, valued at $3,232,987.12. This trade represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Build-A-Bear Workshop Stock Down 0.8 %

Shares of BBW opened at $43.10 on Thursday. The stock has a market cap of $579.26 million, a PE ratio of 11.46 and a beta of 1.53. Build-A-Bear Workshop, Inc. has a 12-month low of $21.24 and a 12-month high of $47.01. The business has a 50-day simple moving average of $38.44 and a two-hundred day simple moving average of $31.77.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. Build-A-Bear Workshop had a return on equity of 38.40% and a net margin of 10.58%. During the same quarter in the previous year, the company earned $0.53 EPS. On average, equities research analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current year.

Build-A-Bear Workshop declared that its Board of Directors has approved a share repurchase program on Wednesday, September 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 23.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Build-A-Bear Workshop Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, November 27th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, November 27th. Build-A-Bear Workshop’s dividend payout ratio (DPR) is currently 21.28%.

Institutional Trading of Build-A-Bear Workshop

Several institutional investors have recently modified their holdings of the business. Franklin Resources Inc. bought a new position in Build-A-Bear Workshop during the 3rd quarter worth $282,000. SkyView Investment Advisors LLC increased its stake in shares of Build-A-Bear Workshop by 2.4% in the third quarter. SkyView Investment Advisors LLC now owns 31,695 shares of the specialty retailer’s stock valued at $1,089,000 after buying an additional 734 shares during the period. Barclays PLC raised its position in shares of Build-A-Bear Workshop by 311.3% during the third quarter. Barclays PLC now owns 18,246 shares of the specialty retailer’s stock worth $627,000 after acquiring an additional 13,810 shares during the last quarter. Hohimer Wealth Management LLC acquired a new position in shares of Build-A-Bear Workshop in the third quarter worth approximately $230,000. Finally, MML Investors Services LLC acquired a new position in shares of Build-A-Bear Workshop in the third quarter worth approximately $338,000. Institutional investors own 79.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Northland Securities increased their target price on shares of Build-A-Bear Workshop from $38.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, December 6th. DA Davidson increased their price objective on shares of Build-A-Bear Workshop from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, StockNews.com upgraded shares of Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research report on Thursday.

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.