Build-A-Bear Workshop (NYSE:BBW) Posts Earnings Results, Beats Estimates By $0.27 EPS

Build-A-Bear Workshop (NYSE:BBW) posted its earnings results on Thursday. The specialty retailer reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.27, FiscalAI reports. The firm had revenue of $125.27 million during the quarter, compared to analysts’ expectations of $129.45 million. Build-A-Bear Workshop had a net margin of 9.85% and a return on equity of 34.25%.

Build-A-Bear Workshop Price Performance

NYSE:BBW opened at $37.78 on Thursday. The firm’s 50 day simple moving average is $37.87 and its 200 day simple moving average is $48.70. Build-A-Bear Workshop has a one year low of $34.08 and a one year high of $75.85. The company has a market cap of $475.23 million, a PE ratio of 9.47 and a beta of 1.06.

Build-A-Bear Workshop Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 26th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.92 annualized dividend and a yield of 2.4%. This is a boost from Build-A-Bear Workshop’s previous quarterly dividend of $0.22. Build-A-Bear Workshop’s dividend payout ratio is 23.06%.

Institutional Investors Weigh In On Build-A-Bear Workshop

Several hedge funds have recently added to or reduced their stakes in BBW. AQR Capital Management LLC boosted its position in Build-A-Bear Workshop by 10.3% during the 1st quarter. AQR Capital Management LLC now owns 37,339 shares of the specialty retailer’s stock worth $1,388,000 after buying an additional 3,490 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Build-A-Bear Workshop by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,533 shares of the specialty retailer’s stock worth $280,000 after purchasing an additional 456 shares during the last quarter. Jones Financial Companies Lllp bought a new position in Build-A-Bear Workshop during the 1st quarter worth approximately $199,000. Caxton Associates LLP bought a new position in Build-A-Bear Workshop during the 1st quarter worth approximately $267,000. Finally, Rhumbline Advisers raised its holdings in Build-A-Bear Workshop by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 18,728 shares of the specialty retailer’s stock worth $966,000 after purchasing an additional 492 shares during the last quarter. 79.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BBW shares. Weiss Ratings cut shares of Build-A-Bear Workshop from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 20th. Zacks Research raised shares of Build-A-Bear Workshop from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Build-A-Bear Workshop has a consensus rating of “Moderate Buy” and an average price target of $73.33.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc operates a specialty retail business focused on interactive “workshop” experiences that allow customers to create customized stuffed animals. Through its in-store and online platforms, the company offers a wide range of plush toys, apparel, accessories and sound modules, enabling guests to personalize each creation. In addition to its core bear products, Build-A-Bear has expanded its portfolio to include licensed characters from leading entertainment and media franchises.

Founded in 1997 by Maxine Clark and headquartered in St.