Build-A-Bear Workshop, Inc. (NYSE:BBW) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) by 13.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,929 shares of the specialty retailer’s stock after purchasing an additional 2,723 shares during the period. Victory Capital Management Inc. owned 0.17% of Build-A-Bear Workshop worth $579,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BBW. Pacifica Capital Investments LLC raised its position in Build-A-Bear Workshop by 54.1% in the first quarter. Pacifica Capital Investments LLC now owns 996,166 shares of the specialty retailer’s stock valued at $29,755,000 after purchasing an additional 349,752 shares during the period. Wellington Management Group LLP boosted its stake in shares of Build-A-Bear Workshop by 81.4% during the fourth quarter. Wellington Management Group LLP now owns 360,329 shares of the specialty retailer’s stock worth $8,284,000 after buying an additional 161,700 shares during the period. Pacific Ridge Capital Partners LLC raised its holdings in Build-A-Bear Workshop by 22.0% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 445,695 shares of the specialty retailer’s stock worth $10,247,000 after purchasing an additional 80,463 shares in the last quarter. SkyView Investment Advisors LLC purchased a new position in Build-A-Bear Workshop during the first quarter worth about $917,000. Finally, Campbell & CO Investment Adviser LLC increased its holdings in Build-A-Bear Workshop by 32.9% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 95,220 shares of the specialty retailer’s stock valued at $2,189,000 after buying an additional 23,598 shares in the last quarter. 79.30% of the stock is currently owned by institutional investors and hedge funds.

Build-A-Bear Workshop Stock Down 0.3 %

Shares of BBW stock opened at $32.72 on Monday. The business has a 50 day moving average of $28.39 and a two-hundred day moving average of $27.98. Build-A-Bear Workshop, Inc. has a 52 week low of $21.24 and a 52 week high of $34.80. The company has a market cap of $451.70 million, a P/E ratio of 9.38 and a beta of 1.56.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $0.64 earnings per share for the quarter, beating 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 company had revenue of $111.80 million for the quarter, compared to analysts’ expectations of $107.90 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. Analysts expect that Build-A-Bear Workshop, Inc. will post 3.72 EPS for the current fiscal year.

Build-A-Bear Workshop declared that its board has approved a stock buyback program on Wednesday, September 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the specialty retailer to repurchase up to 23.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Build-A-Bear Workshop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.44%. Build-A-Bear Workshop’s dividend payout ratio (DPR) is presently 22.92%.

Insider Activity

In other news, CEO Sharon Price John sold 41,034 shares of the company’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 transaction, the chief executive officer now directly owns 515,004 shares of the company’s stock, valued at $13,384,953.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 7.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BBW shares. Northland Securities raised their price objective on shares of Build-A-Bear Workshop from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. StockNews.com raised Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research report on Monday, September 2nd.

Build-A-Bear Workshop 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.