Craig Leavitt Sells 8,250 Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) Stock

Build-A-Bear Workshop, Inc. (NYSE:BBW) Director Craig Leavitt sold 8,250 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $50.21, for a total value of $414,232.50. Following the completion of the transaction, the director now directly owns 72,392 shares of the company’s stock, valued at $3,634,802.32. This trade represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Build-A-Bear Workshop Price Performance

BBW opened at $49.81 on Friday. The company has a market capitalization of $657.79 million, a price-to-earnings ratio of 13.25 and a beta of 0.72. Build-A-Bear Workshop, Inc. has a 1-year low of $23.63 and a 1-year high of $55.57. The business has a 50 day moving average price of $40.53 and a two-hundred day moving average price of $40.46.

Build-A-Bear Workshop (NYSE:BBW) last released its earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.31. The firm had revenue of $128.40 million during the quarter, compared to the consensus estimate of $118.90 million. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. During the same period in the prior year, the firm posted $0.82 earnings per share. Equities analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Thursday, June 26th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.77%. Build-A-Bear Workshop’s dividend payout ratio (DPR) is 21.15%.

Institutional Investors Weigh In On Build-A-Bear Workshop

A number of institutional investors have recently added to or reduced their stakes in BBW. Alta Fox Capital Management LLC acquired a new stake in shares of Build-A-Bear Workshop during the 4th quarter valued at $5,631,000. Invesco Ltd. lifted its position in shares of Build-A-Bear Workshop by 396.5% during the 4th quarter. Invesco Ltd. now owns 129,801 shares of the specialty retailer’s stock valued at $5,976,000 after acquiring an additional 103,656 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Build-A-Bear Workshop by 269.9% during the 4th quarter. Marshall Wace LLP now owns 137,922 shares of the specialty retailer’s stock valued at $6,350,000 after acquiring an additional 100,633 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of Build-A-Bear Workshop during the 1st quarter valued at $3,572,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of Build-A-Bear Workshop during the 1st quarter valued at $3,154,000. 79.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BBW shares. Wall Street Zen raised Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a report on Sunday. Piper Sandler increased their price objective on Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, May 15th. Finally, DA Davidson increased their price objective on Build-A-Bear Workshop from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, May 30th.

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.