Build-A-Bear Workshop, Inc. (NYSE:BBW) CFO Sells $447,531.70 in Stock

Build-A-Bear Workshop, Inc. (NYSE:BBW) CFO Vojin Todorovic sold 12,635 shares of the stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $35.42, for a total transaction of $447,531.70. Following the transaction, the chief financial officer now directly owns 90,695 shares in the company, valued at $3,212,416.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Build-A-Bear Workshop Price Performance

NYSE:BBW opened at $34.31 on Friday. Build-A-Bear Workshop, Inc. has a one year low of $21.24 and a one year high of $35.83. The company has a market cap of $473.65 million, a PE ratio of 9.83 and a beta of 1.55. The firm has a 50-day moving average of $30.40 and a 200-day moving average of $28.57.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The business had revenue of $111.80 million during the quarter, compared to the consensus estimate 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 previous year, the business earned $0.57 EPS. On average, equities research analysts expect that Build-A-Bear Workshop, Inc. will post 3.72 earnings per share for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.80 annualized dividend and a yield of 2.33%. Build-A-Bear Workshop’s dividend payout ratio (DPR) is currently 22.92%.

Build-A-Bear Workshop declared that its Board of Directors has authorized a stock repurchase 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 repurchase up to 23.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Build-A-Bear Workshop

Hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of Build-A-Bear Workshop by 81.4% during the fourth quarter. Wellington Management Group LLP now owns 360,329 shares of the specialty retailer’s stock valued at $8,284,000 after purchasing an additional 161,700 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Build-A-Bear Workshop by 16.8% in the 1st quarter. Los Angeles Capital Management LLC now owns 72,333 shares of the specialty retailer’s stock worth $2,161,000 after buying an additional 10,379 shares during the last quarter. Principal Financial Group Inc. bought a new position in shares of Build-A-Bear Workshop in the first quarter valued at approximately $380,000. Janney Montgomery Scott LLC increased its position in shares of Build-A-Bear Workshop by 9.7% during the first 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 last quarter. Finally, Pacifica Capital Investments LLC lifted its holdings in Build-A-Bear Workshop by 54.1% during the first quarter. Pacifica Capital Investments LLC now owns 996,166 shares of the specialty retailer’s stock worth $29,755,000 after acquiring an additional 349,752 shares during the period. 79.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BBW. Northland Securities increased their price target on Build-A-Bear Workshop from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. StockNews.com upgraded Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a report on Monday, September 2nd.

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.