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

Build-A-Bear Workshop, Inc. (NYSE:BBW) declared a quarterly dividend on Tuesday, November 12th,RTT News reports. Investors of record on Wednesday, November 27th will be given a dividend of 0.20 per share by the specialty retailer on Thursday, January 9th. This represents a $0.80 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Wednesday, November 27th.

Build-A-Bear Workshop has a payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of BBW stock opened at $38.42 on Tuesday. The firm has a market cap of $519.44 million, a P/E ratio of 10.79 and a beta of 1.54. The firm’s 50 day moving average price is $35.89 and its 200-day moving average price is $30.47. Build-A-Bear Workshop has a one year low of $21.24 and a one year high of $40.13.

Build-A-Bear Workshop (NYSE:BBW) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $0.64 EPS for the quarter, beating the consensus estimate of $0.57 by $0.07. The firm had revenue of $111.80 million for the quarter, compared to analyst estimates of $107.90 million. Build-A-Bear Workshop had a return on equity of 37.81% and a net margin of 10.36%. During the same quarter in the prior year, the company posted $0.57 earnings per share. As a group, research analysts predict that Build-A-Bear Workshop will post 3.72 EPS for the current fiscal year.

Insider Buying and Selling at Build-A-Bear Workshop

In related news, Director George Carrara sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $36.27, for a total value of $90,675.00. Following the completion of the transaction, the director now owns 18,421 shares of the company’s stock, valued at approximately $668,129.67. The trade was a 11.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Eric R. Fencl sold 17,274 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $35.05, for a total transaction of $605,453.70. Following the completion of the transaction, the chief accounting officer now owns 137,078 shares in the company, valued at approximately $4,804,583.90. This trade represents a 11.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 130,734 shares of company stock valued at $4,510,217 over the last quarter. Corporate insiders own 7.90% of the company’s stock.

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

Analysts Set New Price Targets

Several research firms have commented on BBW. Northland Securities upped their price objective on Build-A-Bear Workshop from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. StockNews.com cut Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

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.