Build-A-Bear Workshop (NYSE:BBW) PT Raised to $38.00 at Northland Securities

Build-A-Bear Workshop (NYSE:BBW) had its price target increased by equities research analysts at Northland Securities from $36.00 to $38.00 in a report released on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty retailer’s stock. Northland Securities’ target price would suggest a potential upside of 13.84% from the stock’s current price.

Separately, StockNews.com downgraded Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research report on Friday, June 14th.

Build-A-Bear Workshop Stock Up 3.5 %

NYSE:BBW opened at $33.38 on Friday. Build-A-Bear Workshop has a fifty-two week low of $21.24 and a fifty-two week high of $34.80. The stock has a market cap of $460.81 million, a PE ratio of 9.56 and a beta of 1.63. The firm’s fifty day simple moving average is $26.34 and its 200-day simple moving average is $27.04.

Build-A-Bear Workshop (NYSE:BBW) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. Build-A-Bear Workshop had a net margin of 10.33% and a return on equity of 38.87%. The company had revenue of $111.80 million during the quarter, compared to analysts’ expectations of $107.90 million. During the same period last year, the company posted $0.57 earnings per share. Equities analysts anticipate that Build-A-Bear Workshop will post 3.62 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Sharon Price John sold 41,034 shares of Build-A-Bear Workshop stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $25.99, for a total transaction of $1,066,473.66. Following the completion of the transaction, the chief executive officer now directly owns 515,004 shares in the company, valued at approximately $13,384,953.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Build-A-Bear Workshop news, Director George Carrara sold 2,600 shares of the business’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $26.34, for a total value of $68,484.00. Following the completion of the transaction, the director now directly owns 17,473 shares in the company, valued at approximately $460,238.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sharon Price John sold 41,034 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $25.99, for a total value of $1,066,473.66. Following the completion of the transaction, the chief executive officer now owns 515,004 shares of the company’s stock, valued at $13,384,953.96. The disclosure for this sale can be found here. Insiders own 7.90% of the company’s stock.

Institutional Trading of Build-A-Bear Workshop

Institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its stake in shares of Build-A-Bear Workshop by 211.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,889 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 3,321 shares during the period. Lazard Asset Management LLC grew its stake in shares of Build-A-Bear Workshop by 25.2% during the 1st quarter. Lazard Asset Management LLC now owns 6,782 shares of the specialty retailer’s stock valued at $202,000 after buying an additional 1,365 shares during the period. Quest Partners LLC grew 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 valued at $205,000 after buying an additional 5,484 shares during the period. XTX Topco Ltd purchased a new stake in shares of Build-A-Bear Workshop during the 2nd quarter valued at $255,000. Finally, Virtu Financial LLC purchased a new stake in shares of Build-A-Bear Workshop during the 1st quarter valued at $321,000. 79.30% of the stock is 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.