Share Buyback Plan Declared by Build-A-Bear Workshop (NYSE:BBW)

Build-A-Bear Workshop (NYSE:BBW) announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 11th, RTT News reports. The company plans to repurchase $100.00 million in shares. This repurchase authorization authorizes the specialty retailer to repurchase up to 23.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

BBW has been the topic of a number of recent research reports. StockNews.com upgraded Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd. Northland Securities boosted their price target on Build-A-Bear Workshop from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th.

Build-A-Bear Workshop Price Performance

Build-A-Bear Workshop stock opened at $31.27 on Friday. Build-A-Bear Workshop has a 12-month low of $21.24 and a 12-month high of $34.80. The company has a market capitalization of $431.68 million, a price-to-earnings ratio of 8.96 and a beta of 1.56. The firm’s fifty day moving average price is $27.52 and its 200 day moving average price is $27.58.

Build-A-Bear Workshop (NYSE:BBW) last announced its earnings results on Thursday, August 29th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. Build-A-Bear Workshop had a return on equity of 38.01% and a net margin of 10.36%. The business had revenue of $111.80 million for the quarter, compared to analyst estimates of $107.90 million. During the same period in the previous year, the company earned $0.57 earnings per share. Analysts forecast that Build-A-Bear Workshop will post 3.72 earnings per share for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Investors of record on Thursday, September 26th will be paid a $0.20 dividend. The ex-dividend date is Thursday, September 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.56%. Build-A-Bear Workshop’s dividend payout ratio (DPR) is presently 22.92%.

Insider Activity at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, CEO Sharon Price John sold 50,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $33.32, for a total transaction of $1,666,000.00. Following the completion of the transaction, the chief executive officer now directly owns 465,004 shares of the company’s stock, valued at approximately $15,493,933.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.90% of the stock is currently owned by corporate insiders.

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.