StockNews.com Lowers Build-A-Bear Workshop (NYSE:BBW) to Hold

Build-A-Bear Workshop (NYSE:BBW) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

Separately, Northland Securities upped their target price on shares of Build-A-Bear Workshop from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, August 30th.

Build-A-Bear Workshop Stock Performance

Shares of Build-A-Bear Workshop stock opened at $38.65 on Thursday. The company has a market cap of $533.56 million, a P/E ratio of 11.07 and a beta of 1.55. Build-A-Bear Workshop has a one year low of $21.24 and a one year high of $38.69. The firm has a fifty day moving average of $31.85 and a two-hundred day moving average of $28.88.

Build-A-Bear Workshop (NYSE:BBW) last posted its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The business had revenue of $111.80 million for the quarter, compared to analysts’ expectations of $107.90 million. Build-A-Bear Workshop had a net margin of 10.36% and a return on equity of 37.81%. During the same period in the prior year, the company posted $0.57 EPS. As a group, equities analysts predict that Build-A-Bear Workshop will post 3.72 earnings per share for the current year.

Build-A-Bear Workshop announced that its board has initiated a stock repurchase plan on Wednesday, September 11th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase up to 23.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, CFO Vojin Todorovic sold 12,635 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $35.42, for a total transaction of $447,531.70. Following the completion of the sale, the chief financial officer now owns 90,695 shares in the company, valued at $3,212,416.90. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Build-A-Bear Workshop news, CFO Vojin Todorovic sold 12,635 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $35.42, for a total value of $447,531.70. Following the sale, the chief financial officer now directly owns 90,695 shares of the company’s stock, valued at $3,212,416.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sharon Price John sold 50,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $33.32, for a total value of $1,666,000.00. Following the completion of the sale, the chief executive officer now directly owns 465,004 shares in the company, valued at $15,493,933.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 130,734 shares of company stock valued at $4,510,217 over the last ninety days. Corporate insiders own 7.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BBW. Wellington Management Group LLP boosted its position in Build-A-Bear Workshop by 81.4% during the 4th quarter. Wellington Management Group LLP now owns 360,329 shares of the specialty retailer’s stock worth $8,284,000 after acquiring an additional 161,700 shares during the period. Pacifica Capital Investments LLC boosted its position in Build-A-Bear Workshop by 54.1% during the 1st quarter. Pacifica Capital Investments LLC now owns 996,166 shares of the specialty retailer’s stock worth $29,755,000 after acquiring an additional 349,752 shares during the period. Renaissance Technologies LLC boosted its position in Build-A-Bear Workshop by 7.4% during the 2nd quarter. Renaissance Technologies LLC now owns 256,979 shares of the specialty retailer’s stock worth $6,494,000 after acquiring an additional 17,772 shares during the period. Russell Investments Group Ltd. boosted its position in Build-A-Bear Workshop by 7.4% during the 1st quarter. Russell Investments Group Ltd. now owns 63,512 shares of the specialty retailer’s stock worth $1,897,000 after acquiring an additional 4,384 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Build-A-Bear Workshop by 4.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,055 shares of the specialty retailer’s stock worth $1,885,000 after acquiring an additional 2,599 shares during the period. Institutional investors 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.