Build-A-Bear Workshop, Inc. (NYSE:BBW) Announces Dividend Increase – $0.22 Per Share

Build-A-Bear Workshop, Inc. (NYSE:BBW) announced a quarterly dividend on Wednesday, March 12th, RTT News reports. Shareholders of record on Thursday, March 27th will be paid a dividend of 0.22 per share by the specialty retailer on Thursday, April 10th. This represents a $0.88 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 10.0% increase from Build-A-Bear Workshop’s previous quarterly dividend of $0.20.

Build-A-Bear Workshop Trading Down 0.4 %

Shares of BBW opened at $35.36 on Friday. Build-A-Bear Workshop has a 12 month low of $23.63 and a 12 month high of $48.23. The stock has a fifty day moving average price of $40.47 and a 200-day moving average price of $38.21. The firm has a market cap of $475.17 million, a PE ratio of 9.40 and a beta of 1.50.

Analysts Set New Price Targets

Several analysts have recently commented on the company. DA Davidson increased their price objective on Build-A-Bear Workshop from $40.00 to $50.00 and gave the company a “buy” rating in a report on Friday, December 6th. Northland Securities increased their price objective on Build-A-Bear Workshop from $38.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, December 6th. Finally, StockNews.com upgraded Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research note on Thursday.

Insider Transactions at Build-A-Bear Workshop

In related news, insider J. Christopher Hurt sold 6,210 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $39.91, for a total value of $247,841.10. Following the completion of the transaction, the insider now owns 43,176 shares of the company’s stock, valued at approximately $1,723,154.16. This represents a 12.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vojin Todorovic sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $40.08, for a total value of $200,400.00. Following the completion of the transaction, the chief financial officer now directly owns 70,695 shares of the company’s stock, valued at $2,833,455.60. The trade was a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 161,666 shares of company stock valued at $7,010,081 in the last 90 days. 7.90% of the stock is currently 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.