Build-A-Bear Workshop, Inc. Plans Quarterly Dividend of $0.20 (NYSE:BBW)

Build-A-Bear Workshop, Inc. (NYSE:BBW) announced a quarterly dividend on Tuesday, November 12th,RTT News reports. Stockholders of record on Wednesday, November 27th will be paid a dividend of 0.20 per share by the specialty retailer on Thursday, January 9th. This represents a $0.80 annualized dividend and a dividend yield of 2.15%.

Build-A-Bear Workshop has a dividend payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Build-A-Bear Workshop to earn $3.89 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 20.6%.

Build-A-Bear Workshop Price Performance

BBW traded down $1.74 during trading hours on Tuesday, reaching $37.27. 266,045 shares of the stock traded hands, compared to its average volume of 229,454. The company has a market cap of $503.89 million, a price-to-earnings ratio of 10.96 and a beta of 1.54. The firm’s fifty day simple moving average is $34.77 and its two-hundred day simple moving average is $29.94. Build-A-Bear Workshop has a fifty-two week low of $21.24 and a fifty-two week high of $40.13.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. The firm had revenue of $111.80 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the company posted $0.57 EPS. On average, research analysts predict that Build-A-Bear Workshop will post 3.72 earnings per share for the current year.

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BBW shares. StockNews.com lowered shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Northland Securities upped their price target 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.

Insider Buying and Selling

In other Build-A-Bear Workshop news, Director George Carrara sold 2,500 shares of Build-A-Bear Workshop 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 directly owns 18,421 shares of the company’s stock, valued at approximately $668,129.67. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Build-A-Bear Workshop news, CEO Sharon Price John sold 48,325 shares of the business’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $35.19, for a total transaction of $1,700,556.75. Following the completion of the sale, the chief executive officer now owns 416,679 shares in the company, valued at $14,662,934.01. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George Carrara sold 2,500 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $36.27, for a total transaction of $90,675.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 130,734 shares of company stock valued at $4,510,217 over the last three months. Corporate insiders own 7.90% 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.