DA Davidson Issues Pessimistic Forecast for Build-A-Bear Workshop (NYSE:BBW) Stock Price

Build-A-Bear Workshop (NYSE:BBW) had its price objective decreased by equities research analysts at DA Davidson from $85.00 to $70.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the specialty retailer’s stock. DA Davidson’s price objective would suggest a potential upside of 37.13% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Zacks Research cut shares of Build-A-Bear Workshop from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Build-A-Bear Workshop in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Build-A-Bear Workshop from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 23rd. Finally, Northland Securities raised their price target on shares of Build-A-Bear Workshop from $60.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Build-A-Bear Workshop presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

Build-A-Bear Workshop Trading Up 5.3%

BBW stock traded up $2.57 during mid-day trading on Friday, hitting $51.05. 720,319 shares of the company were exchanged, compared to its average volume of 317,918. The company has a market capitalization of $670.02 million, a PE ratio of 11.44 and a beta of 1.01. The firm has a fifty day simple moving average of $54.95 and a 200 day simple moving average of $55.00. Build-A-Bear Workshop has a twelve month low of $32.55 and a twelve month high of $75.85.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.07. The business had revenue of $122.68 million during the quarter, compared to analyst estimates of $124.28 million. Build-A-Bear Workshop had a return on equity of 41.14% and a net margin of 11.34%.During the same period in the prior year, the company posted $0.73 EPS. As a group, sell-side analysts anticipate that Build-A-Bear Workshop will post 3.71 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Sharon Price John sold 30,000 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $73.25, for a total transaction of $2,197,500.00. Following the completion of the transaction, the chief executive officer owned 261,305 shares of the company’s stock, valued at approximately $19,140,591.25. The trade was a 10.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vojin Todorovic sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $73.25, for a total value of $732,500.00. Following the completion of the sale, the chief financial officer directly owned 67,991 shares in the company, valued at $4,980,340.75. This trade represents a 12.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 61,387 shares of company stock worth $4,417,721 over the last quarter. 5.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BBW. Quarry LP acquired a new stake in shares of Build-A-Bear Workshop in the first quarter valued at approximately $28,000. AlphaQuest LLC increased its stake in shares of Build-A-Bear Workshop by 106.1% in the 1st quarter. AlphaQuest LLC now owns 814 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 419 shares during the last quarter. IFP Advisors Inc lifted its holdings in Build-A-Bear Workshop by 68.1% during the third quarter. IFP Advisors Inc now owns 501 shares of the specialty retailer’s stock worth $33,000 after acquiring an additional 203 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Build-A-Bear Workshop by 453.1% during the third quarter. Larson Financial Group LLC now owns 542 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 444 shares during the period. Finally, State of Alaska Department of Revenue acquired a new position in shares of Build-A-Bear Workshop in the third quarter valued at approximately $45,000. Institutional investors own 79.30% of the company’s stock.

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.