Build-A-Bear Workshop, Inc. (NYSE:BBW) Director Lesli Rotenberg Sells 2,473 Shares

Build-A-Bear Workshop, Inc. (NYSE:BBW) Director Lesli Rotenberg sold 2,473 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $41.10, for a total transaction of $101,640.30. Following the completion of the sale, the director now directly owns 11,724 shares of the company’s stock, valued at approximately $481,856.40. This represents a 17.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Build-A-Bear Workshop Price Performance

BBW stock opened at $41.34 on Wednesday. Build-A-Bear Workshop, Inc. has a 52-week low of $21.24 and a 52-week high of $47.01. The company’s 50 day simple moving average is $37.48 and its 200-day simple moving average is $31.25. The firm has a market capitalization of $558.83 million, a P/E ratio of 10.99 and a beta of 1.54.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company earned $0.53 EPS. Sell-side analysts predict that Build-A-Bear Workshop, Inc. will post 3.72 EPS for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

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

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Koss Olinger Consulting LLC increased its stake in Build-A-Bear Workshop by 1.3% in the 3rd quarter. Koss Olinger Consulting LLC now owns 20,186 shares of the specialty retailer’s stock valued at $694,000 after buying an additional 259 shares during the period. OneDigital Investment Advisors LLC increased its stake in Build-A-Bear Workshop by 1.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 22,397 shares of the specialty retailer’s stock valued at $770,000 after buying an additional 408 shares during the period. SummerHaven Investment Management LLC increased its stake in 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 valued at $871,000 after buying an additional 469 shares during the period. SkyView Investment Advisors LLC increased its stake in shares of Build-A-Bear Workshop by 2.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 31,695 shares of the specialty retailer’s stock worth $1,089,000 after purchasing an additional 734 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Build-A-Bear Workshop by 3.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 23,483 shares of the specialty retailer’s stock worth $807,000 after purchasing an additional 754 shares during the last quarter. Institutional investors and hedge funds own 79.30% of the company’s stock.

Analysts Set New Price Targets

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

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.