Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $7.60 and last traded at $7.60, with a volume of 53184 shares changing hands. The stock had previously closed at $7.90.

BBW has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Build-A-Bear Workshop from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Friday, September 15th. Dougherty & Co cut shares of Build-A-Bear Workshop from a “buy” rating to a “neutral” rating in a research report on Friday, October 27th. Finally, Jefferies Group LLC initiated coverage on shares of Build-A-Bear Workshop in a report on Wednesday, September 13th. They set a “buy” rating and a $12.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $11.67.

The firm has a market capitalization of $126.67, a P/E ratio of 19.75, a PEG ratio of 0.87 and a beta of -0.18.

Build-A-Bear Workshop (NYSE:BBW) last posted its earnings results on Thursday, October 26th. The specialty retailer reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). Build-A-Bear Workshop had a net margin of 0.83% and a return on equity of 6.38%. The firm had revenue of $82.40 million for the quarter, compared to analysts’ expectations of $85.61 million. During the same period in the previous year, the company earned $0.11 EPS. The company’s revenue was down 1.6% on a year-over-year basis. equities research analysts forecast that Build-A-Bear Workshop, Inc. will post 0.51 earnings per share for the current year.

Build-A-Bear Workshop declared that its board has initiated a share buyback program on Monday, August 21st that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

In other news, major shareholder Point72 Asset Management, L.P. purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average price of $8.51 per share, for a total transaction of $85,100.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Braden Michael Leonard sold 27,000 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $9.21, for a total transaction of $248,670.00. Following the sale, the director now owns 142,043 shares in the company, valued at approximately $1,308,216.03. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 61,000 shares of company stock valued at $537,110 and sold 177,000 shares valued at $1,599,746. Company insiders own 17.50% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in BBW. Bank of New York Mellon Corp grew its position in Build-A-Bear Workshop by 4.8% during the first quarter. Bank of New York Mellon Corp now owns 70,023 shares of the specialty retailer’s stock valued at $620,000 after buying an additional 3,229 shares during the period. TIAA CREF Investment Management LLC grew its position in Build-A-Bear Workshop by 1.4% during the first quarter. TIAA CREF Investment Management LLC now owns 36,500 shares of the specialty retailer’s stock valued at $323,000 after buying an additional 488 shares during the period. California Public Employees Retirement System grew its position in Build-A-Bear Workshop by 15.5% during the first quarter. California Public Employees Retirement System now owns 97,100 shares of the specialty retailer’s stock valued at $859,000 after buying an additional 13,000 shares during the period. Geode Capital Management LLC grew its position in Build-A-Bear Workshop by 3.6% during the first quarter. Geode Capital Management LLC now owns 99,140 shares of the specialty retailer’s stock valued at $877,000 after buying an additional 3,422 shares during the period. Finally, Strs Ohio grew its position in shares of Build-A-Bear Workshop by 6.1% in the second quarter. Strs Ohio now owns 39,900 shares of the specialty retailer’s stock valued at $416,000 after purchasing an additional 2,300 shares during the period. Institutional investors own 69.43% of the company’s stock.

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Build-A-Bear Workshop Company Profile

Build-A-Bear Workshop, Inc is primarily a specialty retailer offering a make your own stuffed animal interactive retail-entertainment experience. The Company’s segments include direct-to-consumer (DTC), international franchising and commercial. The DTC segment includes the activities of Company-owned stores in the United States, Canada, the United Kingdom, Ireland and Denmark, and other retail delivery operations, including its e-commerce sites and temporary stores.

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