George Carrara Sells 2,500 Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) Stock

Build-A-Bear Workshop, Inc. (NYSE:BBW) Director George Carrara sold 2,500 shares of the business’s stock in a transaction 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 transaction, the director now 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Build-A-Bear Workshop Price Performance

NYSE BBW opened at $38.65 on Friday. The firm’s fifty day moving average price is $31.85 and its 200 day moving average price is $28.88. Build-A-Bear Workshop, Inc. has a 12 month low of $21.24 and a 12 month high of $38.69. The company has a market capitalization of $533.56 million, a price-to-earnings ratio of 11.07 and a beta of 1.55.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.07. Build-A-Bear Workshop had a return on equity of 37.81% and a net margin of 10.36%. The company had revenue of $111.80 million for the quarter, compared to analyst estimates of $107.90 million. During the same quarter last year, the company posted $0.57 earnings per share. As a group, sell-side analysts forecast 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 declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.07%. The ex-dividend date was Thursday, September 26th. Build-A-Bear Workshop’s dividend payout ratio (DPR) is 22.92%.

Build-A-Bear Workshop announced that its board has authorized a stock buyback plan on Wednesday, September 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty retailer to purchase up to 23.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BBW. StockNews.com downgraded Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a report on Thursday. Northland Securities boosted their target price on Build-A-Bear Workshop from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th.

Hedge Funds Weigh In On Build-A-Bear Workshop

A number of hedge funds have recently modified their holdings of the business. SummerHaven Investment Management LLC raised its position 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 purchasing an additional 469 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Build-A-Bear Workshop by 25.2% during the first quarter. Lazard Asset Management LLC now owns 6,782 shares of the specialty retailer’s stock worth $202,000 after buying an additional 1,365 shares during the period. Principal Financial Group Inc. grew 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 worth $363,000 after buying an additional 1,636 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Build-A-Bear Workshop by 9.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 21,970 shares of the specialty retailer’s stock valued at $656,000 after acquiring an additional 1,950 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in Build-A-Bear Workshop by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 640,027 shares of the specialty retailer’s stock valued at $16,174,000 after acquiring an additional 2,081 shares during the last quarter. 79.30% of the stock is currently owned by hedge funds and other institutional investors.

About Build-A-Bear Workshop

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.