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

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 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, November 27th.

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

NYSE BBW opened at $38.42 on Tuesday. The company has a market cap of $519.44 million, a P/E ratio of 10.79 and a beta of 1.54. Build-A-Bear Workshop has a 12 month low of $21.24 and a 12 month high of $40.13. The company has a 50-day moving average of $35.89 and a 200-day moving average of $30.47.

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

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

Insider Buying and Selling

In other Build-A-Bear Workshop news, Director George Carrara sold 2,500 shares of the company’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 directly owns 18,421 shares of the company’s stock, valued at $668,129.67. This represents a 11.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Eric R. Fencl sold 17,274 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $35.05, for a total value 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 130,734 shares of company stock valued at $4,510,217. Company insiders own 7.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BBW. Northland Securities upped their price target 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. StockNews.com downgraded shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

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.