Build-A-Bear Workshop, Inc. (NYSE:BBW) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 77.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 180,045 shares of the specialty retailer's stock after purchasing an additional 78,629 shares during the period. Bank of New York Mellon Corp owned approximately 1.34% of Build-A-Bear Workshop worth $8,289,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. USA Financial Formulas acquired a new position in Build-A-Bear Workshop during the 4th quarter worth $27,000. New York State Teachers Retirement System acquired a new position in shares of Build-A-Bear Workshop during the fourth quarter worth about $53,000. Quarry LP increased its stake in shares of Build-A-Bear Workshop by 346.6% during the third quarter. Quarry LP now owns 1,295 shares of the specialty retailer's stock worth $45,000 after buying an additional 1,005 shares during the period. Fortitude Family Office LLC raised its holdings in Build-A-Bear Workshop by 34.1% in the fourth quarter. Fortitude Family Office LLC now owns 1,480 shares of the specialty retailer's stock valued at $68,000 after acquiring an additional 376 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new position in Build-A-Bear Workshop in the fourth quarter worth approximately $233,000. Hedge funds and other institutional investors own 79.30% of the company's stock.

Build-A-Bear Workshop Trading Up 2.1 %

Shares of Build-A-Bear Workshop stock traded up $0.73 on Tuesday, hitting $35.92. The stock had a trading volume of 299,228 shares, compared to its average volume of 285,653. Build-A-Bear Workshop, Inc. has a 52-week low of $23.63 and a 52-week high of $48.23. The company's 50 day moving average price is $39.88 and its 200 day moving average price is $38.40. The stock has a market cap of $482.82 million, a price-to-earnings ratio of 9.55 and a beta of 1.50.

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Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last released its quarterly earnings results on Thursday, March 13th. The specialty retailer reported $1.59 EPS for the quarter, beating the consensus estimate of $1.52 by $0.07. The firm had revenue of $150.45 million during the quarter, compared to the consensus estimate of $147.53 million. Build-A-Bear Workshop had a net margin of 10.58% and a return on equity of 38.35%. Analysts predict that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current fiscal year.

Build-A-Bear Workshop Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, March 27th. This is a boost from Build-A-Bear Workshop's previous quarterly dividend of $0.20. Build-A-Bear Workshop's payout ratio is 23.10%.

Analyst Ratings Changes

A number of research firms have recently commented on BBW. DA Davidson reiterated a "buy" rating and issued a $50.00 price objective on shares of Build-A-Bear Workshop in a report on Friday. StockNews.com raised shares of Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a report on Thursday, March 13th. Finally, Northland Securities upped their target price on shares of Build-A-Bear Workshop from $38.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, December 6th.

Insider Buying and Selling at Build-A-Bear Workshop

In related news, insider J. Christopher Hurt sold 12,635 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $39.53, for a total transaction of $499,461.55. Following the completion of the transaction, the insider now directly owns 49,386 shares of the company's stock, valued at $1,952,228.58. This represents a 20.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Sharon Price John sold 68,859 shares of Build-A-Bear Workshop stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $46.06, for a total value of $3,171,645.54. Following the completion of the sale, the chief executive officer now directly owns 347,820 shares in the company, valued at $16,020,589.20. This represents a 16.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 161,666 shares of company stock valued at $7,010,081 in the last ninety days. Insiders own 7.90% of the company's stock.

Build-A-Bear Workshop Profile

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.