KBC Group NV reduced its position in shares of Build-A-Bear Workshop, Inc (NYSE:BBW) by 37.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,519 shares of the specialty retailer’s stock after selling 9,925 shares during the quarter. KBC Group NV owned about 0.10% of Build-A-Bear Workshop worth $151,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new position in shares of Build-A-Bear Workshop during the 2nd quarter worth about $129,000. Trexquant Investment LP grew its position in shares of Build-A-Bear Workshop by 1.1% during the 2nd quarter. Trexquant Investment LP now owns 14,704 shares of the specialty retailer’s stock worth $154,000 after buying an additional 155 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Build-A-Bear Workshop by 15.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 14,805 shares of the specialty retailer’s stock worth $155,000 after buying an additional 1,978 shares during the period. Rhumbline Advisers grew its position in shares of Build-A-Bear Workshop by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 16,259 shares of the specialty retailer’s stock worth $170,000 after buying an additional 415 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in shares of Build-A-Bear Workshop in the 2nd quarter valued at approximately $224,000. 70.60% of the stock is owned by hedge funds and other institutional investors.

In related news, major shareholder Point72 Asset Management, L.P. acquired 50,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were bought at an average price of $8.78 per share, for a total transaction of $439,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Braden Michael Leonard sold 22,381 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $9.02, for a total value of $201,876.62. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 190,300 shares of company stock worth $1,627,408 and sold 97,000 shares worth $880,546. Insiders own 17.50% of the company’s stock.

Several brokerages recently issued reports on BBW. Zacks Investment Research lowered Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Jefferies Group began coverage on Build-A-Bear Workshop in a research report on Wednesday, September 13th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, Dougherty & Co lowered Build-A-Bear Workshop from a “buy” rating to a “neutral” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $11.67.

Build-A-Bear Workshop, Inc (NYSE BBW) opened at $9.30 on Tuesday. The stock has a market capitalization of $145.65, a P/E ratio of 22.88, a P/E/G ratio of 1.00 and a beta of -0.17. Build-A-Bear Workshop, Inc has a 12-month low of $7.25 and a 12-month high of $15.15.

Build-A-Bear Workshop (NYSE:BBW) last released its earnings results on Thursday, October 26th. The specialty retailer reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The firm had revenue of $82.40 million during the quarter, compared to the consensus estimate of $85.61 million. Build-A-Bear Workshop had a net margin of 0.83% and a return on equity of 6.33%. The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 EPS. equities research analysts expect that Build-A-Bear Workshop, Inc will post 0.51 EPS for the current year.

Build-A-Bear Workshop announced that its Board of Directors has initiated a share repurchase program on Monday, August 21st that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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About Build-A-Bear Workshop

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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Institutional Ownership by Quarter for Build-A-Bear Workshop (NYSE:BBW)

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