Build-A-Bear Workshop (NYSE:BBW – Free Report) had its price objective raised by Northland Securities from $38.00 to $55.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an outperform rating on the specialty retailer’s stock.
Separately, StockNews.com upgraded shares of Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd.
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Build-A-Bear Workshop Price Performance
Build-A-Bear Workshop (NYSE:BBW – Get Free Report) last issued its earnings results on Thursday, December 5th. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.03. Build-A-Bear Workshop had a net margin of 10.36% and a return on equity of 37.81%. During the same quarter in the previous year, the business posted $0.53 EPS. Equities research analysts anticipate that Build-A-Bear Workshop will post 3.72 EPS for the current year.
Build-A-Bear Workshop declared that its Board of Directors has initiated a stock repurchase program on Wednesday, September 11th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the specialty retailer to purchase up to 23.2% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
Build-A-Bear Workshop Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, November 27th will be given a $0.20 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.80 annualized dividend and a yield of 1.95%. Build-A-Bear Workshop’s dividend payout ratio (DPR) is presently 21.28%.
Insider Buying and Selling
In other Build-A-Bear Workshop news, CFO Vojin Todorovic sold 12,635 shares of the company’s stock in a transaction dated 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 directly owns 90,695 shares in the company, valued at $3,212,416.90. This represents a 12.23 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Eric R. Fencl sold 17,274 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $35.05, for a total transaction of $605,453.70. Following the sale, the chief accounting officer now owns 137,078 shares of the company’s stock, valued at approximately $4,804,583.90. The trade was a 11.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,734 shares of company stock worth $2,844,217. Corporate insiders own 7.90% of the company’s stock.
Institutional Trading of Build-A-Bear Workshop
Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Build-A-Bear Workshop by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,047,261 shares of the specialty retailer’s stock valued at $31,282,000 after acquiring an additional 6,913 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Build-A-Bear Workshop by 4.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 63,055 shares of the specialty retailer’s stock valued at $1,885,000 after acquiring an additional 2,599 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Build-A-Bear Workshop by 1.4% in the second quarter. SummerHaven Investment Management LLC now owns 34,467 shares of the specialty retailer’s stock worth $871,000 after buying an additional 469 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Build-A-Bear Workshop by 3.6% in the second quarter. Bank of New York Mellon Corp now owns 111,069 shares of the specialty retailer’s stock worth $2,807,000 after buying an additional 3,857 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Build-A-Bear Workshop by 211.8% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,889 shares of the specialty retailer’s stock worth $124,000 after buying an additional 3,321 shares in the last quarter. 79.30% of the stock is currently owned by hedge funds and other institutional investors.
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.
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