XTX Topco Ltd Takes Position in Build-A-Bear Workshop, Inc. (NYSE:BBW)

XTX Topco Ltd purchased a new stake in Build-A-Bear Workshop, Inc. (NYSE:BBW) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,086 shares of the specialty retailer’s stock, valued at approximately $255,000.

Other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of 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 valued at $124,000 after acquiring an additional 3,321 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Build-A-Bear Workshop by 25.2% in the first quarter. Lazard Asset Management LLC now owns 6,782 shares of the specialty retailer’s stock valued at $202,000 after acquiring an additional 1,365 shares during the last quarter. Quest Partners LLC increased its position in shares of Build-A-Bear Workshop by 209.8% in the second quarter. Quest Partners LLC now owns 8,098 shares of the specialty retailer’s stock valued at $205,000 after acquiring an additional 5,484 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Build-A-Bear Workshop in the first quarter valued at about $321,000. Finally, Privium Fund Management UK Ltd acquired a new stake in shares of Build-A-Bear Workshop in the second quarter valued at about $332,000. 79.30% of the stock is currently owned by institutional investors.

Build-A-Bear Workshop Stock Up 5.2 %

Shares of NYSE BBW opened at $32.75 on Friday. The business’s 50 day moving average price is $29.01 and its two-hundred day moving average price is $28.22. The company has a market cap of $452.11 million, a PE ratio of 9.38 and a beta of 1.56. Build-A-Bear Workshop, Inc. has a twelve month low of $21.24 and a twelve month high of $34.80.

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

Build-A-Bear Workshop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, September 26th. Build-A-Bear Workshop’s payout ratio is 22.92%.

Build-A-Bear Workshop announced that its Board of Directors has initiated a stock repurchase plan 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 plans are typically an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts recently issued reports on BBW shares. Northland Securities lifted their target price on Build-A-Bear Workshop from $36.00 to $38.00 and gave the company an “outperform” rating in a research report 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.

Insider Activity

In other news, CEO Sharon Price John sold 50,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 465,004 shares of the company’s stock, valued at $15,493,933.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.90% of the stock is owned by company insiders.

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.