SkyView Investment Advisors LLC Boosts Holdings in Build-A-Bear Workshop, Inc. (NYSE:BBW)

SkyView Investment Advisors LLC grew its position in Build-A-Bear Workshop, Inc. (NYSE:BBW) by 2.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 31,695 shares of the specialty retailer’s stock after purchasing an additional 734 shares during the period. SkyView Investment Advisors LLC’s holdings in Build-A-Bear Workshop were worth $1,089,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BBW. Fortitude Family Office LLC grew its position in Build-A-Bear Workshop by 705.8% in the 3rd quarter. Fortitude Family Office LLC now owns 1,104 shares of the specialty retailer’s stock valued at $38,000 after acquiring an additional 967 shares during the last quarter. Quarry LP lifted its holdings in Build-A-Bear Workshop by 346.6% during the 3rd quarter. Quarry LP now owns 1,295 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 1,005 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Build-A-Bear Workshop by 211.8% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,889 shares of the specialty retailer’s stock valued at $124,000 after buying an additional 3,321 shares during the period. Nisa Investment Advisors LLC grew its stake in Build-A-Bear Workshop by 17.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,812 shares of the specialty retailer’s stock worth $201,000 after acquiring an additional 871 shares in the last quarter. Finally, Quest Partners LLC increased its position in shares of Build-A-Bear Workshop by 209.8% during the second quarter. Quest Partners LLC now owns 8,098 shares of the specialty retailer’s stock worth $205,000 after acquiring an additional 5,484 shares during the period. Hedge funds and other institutional investors own 79.30% of the company’s stock.

Analyst Ratings Changes

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

Build-A-Bear Workshop Stock Performance

Shares of BBW opened at $42.54 on Thursday. The company has a 50 day moving average price of $37.68 and a 200-day moving average price of $31.33. Build-A-Bear Workshop, Inc. has a fifty-two week low of $21.24 and a fifty-two week high of $47.01. The stock has a market capitalization of $574.99 million, a PE ratio of 11.31 and a beta of 1.54.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $0.73 EPS for the quarter, topping 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 period in the prior year, the business earned $0.53 earnings per share. Equities research analysts forecast that Build-A-Bear Workshop, Inc. will post 3.72 EPS for the current year.

Build-A-Bear Workshop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Wednesday, November 27th. Build-A-Bear Workshop’s dividend payout ratio (DPR) is currently 21.28%.

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

Insider Activity at Build-A-Bear Workshop

In other news, Director George Carrara sold 2,500 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $36.27, for a total value of $90,675.00. Following the completion of the sale, the director now owns 18,421 shares of the company’s stock, valued at $668,129.67. This trade represents a 11.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lesli Rotenberg sold 2,473 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $41.10, for a total value of $101,640.30. Following the transaction, the director now directly owns 11,724 shares in the company, valued at $481,856.40. This represents a 17.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,281 shares of company stock valued at $3,311,358 over the last quarter. 7.90% of the stock is owned by corporate 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.