Insider Selling: Build-A-Bear Workshop, Inc. (NYSE:BBW) Director Sells 2,500 Shares of Stock

Build-A-Bear Workshop, Inc. (NYSE:BBW) Director Craig Leavitt sold 2,500 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $41.36, for a total value of $103,400.00. Following the completion of the transaction, the director now directly owns 78,167 shares of the company’s stock, valued at approximately $3,232,987.12. The trade was a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Build-A-Bear Workshop Trading Up 5.1 %

Shares of BBW stock traded up $2.11 on Monday, hitting $43.13. 263,796 shares of the stock were exchanged, compared to its average volume of 237,550. The firm has a market capitalization of $583.03 million, a P/E ratio of 10.91 and a beta of 1.53. The business has a 50-day moving average of $37.95 and a 200 day moving average of $31.46. Build-A-Bear Workshop, Inc. has a fifty-two week low of $21.24 and a fifty-two week high of $47.01.

Build-A-Bear Workshop (NYSE:BBW) last posted its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.03. Build-A-Bear Workshop had a return on equity of 38.40% and a net margin of 10.58%. During the same quarter in the previous year, the company earned $0.53 earnings per share. As a group, research analysts forecast that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.80 annualized dividend and a yield of 1.85%. Build-A-Bear Workshop’s payout ratio is presently 21.28%.

Build-A-Bear Workshop announced that its board has initiated a stock repurchase plan on Wednesday, September 11th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to reacquire up to 23.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional Trading of Build-A-Bear Workshop

Several institutional investors and hedge funds have recently bought and sold shares of BBW. Koss Olinger Consulting LLC grew its position in shares of Build-A-Bear Workshop by 1.3% in the third quarter. Koss Olinger Consulting LLC now owns 20,186 shares of the specialty retailer’s stock valued at $694,000 after purchasing an additional 259 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Build-A-Bear Workshop by 1.9% in the third quarter. OneDigital Investment Advisors LLC now owns 22,397 shares of the specialty retailer’s stock valued at $770,000 after purchasing an additional 408 shares during the last quarter. SummerHaven Investment Management LLC grew its position in shares of Build-A-Bear Workshop by 1.4% in the second quarter. SummerHaven Investment Management LLC now owns 34,467 shares of the specialty retailer’s stock valued at $871,000 after purchasing an additional 469 shares during the last quarter. SkyView Investment Advisors LLC grew its position in shares of Build-A-Bear Workshop by 2.4% in the third quarter. SkyView Investment Advisors LLC now owns 31,695 shares of the specialty retailer’s stock valued at $1,089,000 after purchasing an additional 734 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Build-A-Bear Workshop by 3.3% during the third quarter. Janney Montgomery Scott LLC now owns 23,483 shares of the specialty retailer’s stock worth $807,000 after buying an additional 754 shares in the last quarter. Institutional investors own 79.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BBW shares. StockNews.com cut Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research note on Wednesday, December 11th. DA Davidson upped their price objective on Build-A-Bear Workshop from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, Northland Securities upped their price objective on Build-A-Bear Workshop from $38.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th.

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.