Ritholtz Wealth Management reduced its position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW – Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,644 shares of the specialty retailer’s stock after selling 655 shares during the period. Ritholtz Wealth Management owned 0.15% of Build-A-Bear Workshop worth $950,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. USA Financial Formulas bought a new stake in shares of Build-A-Bear Workshop during the 4th quarter worth about $27,000. Fortitude Family Office LLC grew its position in shares of Build-A-Bear Workshop by 705.8% in the 3rd quarter. Fortitude Family Office LLC now owns 1,104 shares of the specialty retailer’s stock worth $38,000 after buying an additional 967 shares during the last quarter. Quarry LP lifted its position in Build-A-Bear Workshop by 346.6% during the 3rd quarter. Quarry LP now owns 1,295 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 1,005 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Build-A-Bear Workshop by 17.6% in 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 in the last quarter. Finally, Hohimer Wealth Management LLC bought a new position in Build-A-Bear Workshop during the third quarter valued at approximately $230,000. 79.30% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have commented on the stock. 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 report on Friday, December 6th. Northland Securities increased their target price on Build-A-Bear Workshop from $38.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th. Finally, StockNews.com raised shares of Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th.
Insider Buying and Selling at Build-A-Bear Workshop
In other news, CAO Eric R. Fencl sold 9,074 shares of Build-A-Bear Workshop stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $40.28, for a total transaction of $365,500.72. Following the completion of the transaction, the chief accounting officer now directly owns 128,004 shares in the company, valued at approximately $5,156,001.12. This trade represents a 6.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider J. Christopher Hurt sold 12,635 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $39.53, for a total value of $499,461.55. Following the sale, the insider now directly owns 49,386 shares in the company, valued at $1,952,228.58. This trade represents a 20.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 164,503 shares of company stock worth $7,132,381 in the last quarter. 7.90% of the stock is currently owned by company insiders.
Build-A-Bear Workshop Price Performance
BBW stock opened at $39.14 on Monday. Build-A-Bear Workshop, Inc. has a fifty-two week low of $21.42 and a fifty-two week high of $48.23. The business has a 50-day moving average of $41.27 and a 200-day moving average of $34.58. The stock has a market capitalization of $525.99 million, a P/E ratio of 10.41 and a beta of 1.49.
Build-A-Bear Workshop (NYSE:BBW – Get Free Report) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. During the same quarter in the prior year, the company earned $0.53 earnings per share. Equities analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current year.
Build-A-Bear Workshop Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, November 27th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.04%. The ex-dividend date was Wednesday, November 27th. Build-A-Bear Workshop’s dividend payout ratio (DPR) is presently 21.28%.
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.
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