Build-A-Bear Workshop, Inc. (NYSE:BBW) Director George Carrara Sells 2,500 Shares

Build-A-Bear Workshop, Inc. (NYSE:BBW) Director George Carrara sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $36.27, for a total transaction of $90,675.00. Following the sale, the director now owns 18,421 shares of the company’s stock, valued at $668,129.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Build-A-Bear Workshop Price Performance

Shares of Build-A-Bear Workshop stock opened at $37.73 on Friday. The firm’s fifty day simple moving average is $31.57 and its 200-day simple moving average is $28.81. The stock has a market capitalization of $520.86 million, a price-to-earnings ratio of 10.81 and a beta of 1.55. Build-A-Bear Workshop, Inc. has a 12 month low of $21.24 and a 12 month high of $37.97.

Build-A-Bear Workshop (NYSE:BBW) last issued its earnings results on Thursday, August 29th. The specialty retailer reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.07. The business had revenue of $111.80 million for the quarter, compared to the consensus estimate of $107.90 million. 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 firm earned $0.57 earnings per share. Analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.72 earnings per share for the current year.

Build-A-Bear Workshop Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Thursday, September 26th. Build-A-Bear Workshop’s payout ratio is 22.92%.

Build-A-Bear Workshop announced that its Board of Directors has authorized a stock buyback plan on Wednesday, September 11th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to buy up to 23.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

BBW has been the topic of a number of recent research reports. StockNews.com cut shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a report on Thursday. Northland Securities lifted their target price on shares of Build-A-Bear Workshop from $36.00 to $38.00 and gave the company an “outperform” rating in a report on Friday, August 30th.

Institutional Trading of Build-A-Bear Workshop

Several hedge funds and other institutional investors have recently made changes to their positions in BBW. Allspring Global Investments Holdings LLC boosted its holdings 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 in the last quarter. Lazard Asset Management LLC boosted its holdings in Build-A-Bear Workshop by 25.2% during the first quarter. Lazard Asset Management LLC now owns 6,782 shares of the specialty retailer’s stock worth $202,000 after buying an additional 1,365 shares in the last quarter. Quest Partners LLC boosted its holdings in Build-A-Bear Workshop by 209.8% during the second quarter. Quest Partners LLC now owns 8,098 shares of the specialty retailer’s stock worth $205,000 after buying an additional 5,484 shares in the last quarter. XTX Topco Ltd purchased a new stake in Build-A-Bear Workshop during the second quarter worth about $255,000. Finally, Bleakley Financial Group LLC purchased a new stake in Build-A-Bear Workshop during the third quarter worth about $257,000. Hedge funds and other institutional investors own 79.30% of the company’s stock.

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.