Build-A-Bear Workshop, Inc. (NYSE:BBW) CAO Eric R. Fencl Sells 9,074 Shares of Stock

Build-A-Bear Workshop, Inc. (NYSE:BBW) CAO Eric R. Fencl sold 9,074 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $40.28, for a total transaction of $365,500.72. Following the completion of the sale, the chief accounting officer now owns 128,004 shares of the company’s stock, valued at approximately $5,156,001.12. The trade was a 6.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Build-A-Bear Workshop Stock Up 1.9 %

Shares of Build-A-Bear Workshop stock opened at $41.34 on Wednesday. The company has a market cap of $558.83 million, a PE ratio of 10.99 and a beta of 1.54. The business has a 50 day moving average of $37.48 and a 200 day moving average of $31.25. Build-A-Bear Workshop, Inc. has a 52 week low of $21.24 and a 52 week high of $47.01.

Build-A-Bear Workshop (NYSE:BBW) last posted its earnings results on Thursday, December 5th. The specialty retailer reported $0.73 EPS for the quarter, topping the consensus estimate of $0.70 by $0.03. Build-A-Bear Workshop had a net margin of 10.58% and a return on equity of 38.40%. During the same period in the previous year, the business posted $0.53 earnings per share. On average, research analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.72 earnings per share for the current year.

Build-A-Bear Workshop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, November 27th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Wednesday, November 27th. Build-A-Bear Workshop’s payout ratio is presently 21.28%.

Build-A-Bear Workshop declared that its board has initiated a share repurchase program on Wednesday, September 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty retailer to reacquire up to 23.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

BBW has been the subject of several analyst reports. Northland Securities upped their price target on shares of Build-A-Bear Workshop from $38.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, December 6th. StockNews.com lowered shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, DA Davidson raised 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.

Hedge Funds Weigh In On Build-A-Bear Workshop

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC increased its stake in shares of Build-A-Bear Workshop by 1.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 34,467 shares of the specialty retailer’s stock worth $871,000 after acquiring an additional 469 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Build-A-Bear Workshop by 3.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 111,069 shares of the specialty retailer’s stock worth $2,807,000 after purchasing an additional 3,857 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Build-A-Bear Workshop by 211.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,889 shares of the specialty retailer’s stock worth $124,000 after buying an additional 3,321 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Build-A-Bear Workshop by 12.9% during the second quarter. Principal Financial Group Inc. now owns 14,350 shares of the specialty retailer’s stock valued at $363,000 after acquiring an additional 1,636 shares in the last quarter. Finally, Privium Fund Management UK Ltd bought a new stake in Build-A-Bear Workshop during the 2nd quarter valued at about $332,000. 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.