Build-A-Bear Workshop (NYSE:BBW) Trading Down 9.1% – What’s Next?

Build-A-Bear Workshop, Inc. (NYSE:BBW)’s share price fell 9.1% during mid-day trading on Wednesday . The company traded as low as $41.93 and last traded at $42.07. 126,527 shares were traded during trading, a decline of 56% from the average session volume of 285,376 shares. The stock had previously closed at $46.28.

Analysts Set New Price Targets

A number of research firms have issued reports on BBW. Northland Securities boosted their target price on shares of Build-A-Bear Workshop from $38.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. StockNews.com upgraded shares of Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Finally, DA Davidson boosted their price target on shares of Build-A-Bear Workshop from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, December 6th.

Build-A-Bear Workshop Trading Down 1.4 %

The company has a market capitalization of $563.00 million, a P/E ratio of 11.14 and a beta of 1.49. The business’s 50-day simple moving average is $41.01 and its 200 day simple moving average is $33.85.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Build-A-Bear Workshop had a net margin of 10.58% and a return on equity of 38.40%. During the same quarter in the prior year, the business posted $0.53 EPS. As a group, sell-side analysts predict that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, November 27th were issued a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.91%. Build-A-Bear Workshop’s payout ratio is currently 21.28%.

Insider Buying and Selling

In related news, Director Craig Leavitt sold 2,500 shares of the company’s stock in a transaction that occurred on 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 owns 78,167 shares in the company, valued at approximately $3,232,987.12. This represents a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sharon Price John sold 53,962 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $42.02, for a total transaction of $2,267,483.24. Following the completion of the sale, the chief executive officer now owns 293,858 shares of the company’s stock, valued at approximately $12,347,913.16. This trade represents a 15.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 139,368 shares of company stock worth $6,100,345 in the last ninety days. 7.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BBW. Fortitude Family Office LLC increased its stake in shares of Build-A-Bear Workshop by 705.8% during the 3rd quarter. Fortitude Family Office LLC now owns 1,104 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 967 shares during the last quarter. Quarry LP increased its stake in shares of Build-A-Bear Workshop by 346.6% during the 3rd quarter. Quarry LP now owns 1,295 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 1,005 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Build-A-Bear Workshop by 17.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,812 shares of the specialty retailer’s stock worth $201,000 after purchasing an additional 871 shares during the last quarter. Quest Partners LLC increased its stake in shares of Build-A-Bear Workshop by 209.8% during the 2nd quarter. Quest Partners LLC now owns 8,098 shares of the specialty retailer’s stock worth $205,000 after purchasing an additional 5,484 shares during the last quarter. Finally, Hohimer Wealth Management LLC acquired a new position in shares of Build-A-Bear Workshop during the 3rd quarter worth $230,000. Institutional investors and hedge funds own 79.30% of the company’s stock.

About Build-A-Bear Workshop

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.