Build-A-Bear Workshop (NYSE:BBW) Stock Price Up 5.8% - Here's Why

Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report) shares were up 5.8% during mid-day trading on Tuesday . The stock traded as high as $39.27 and last traded at $39.32. 53,502 shares were traded during mid-day trading, a decline of 81% from the average session volume of 280,747 shares. The stock had previously closed at $37.17.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BBW shares. DA Davidson restated a "buy" rating and issued a $50.00 price objective on shares of Build-A-Bear Workshop in a report on Friday, March 14th. StockNews.com cut shares of Build-A-Bear Workshop from a "buy" rating to a "hold" rating in a report on Friday, March 21st.

Build-A-Bear Workshop Trading Up 0.9 %

The stock has a market capitalization of $489.62 million, a PE ratio of 9.69 and a beta of 1.04. The business's 50 day moving average is $38.91 and its 200 day moving average is $38.93.

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

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Build-A-Bear Workshop Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be given a dividend of $0.22 per share. This is a positive change from Build-A-Bear Workshop's previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.42%. The ex-dividend date is Thursday, March 27th. Build-A-Bear Workshop's dividend payout ratio is currently 23.10%.

Insider Activity at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, CEO Sharon Price John sold 53,962 shares of Build-A-Bear Workshop stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $42.02, for a total transaction of $2,267,483.24. Following the completion of the sale, the chief executive officer now directly owns 293,858 shares in the company, valued at approximately $12,347,913.16. The trade was a 15.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Vojin Todorovic sold 15,000 shares of the business's stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $41.55, for a total value of $623,250.00. Following the completion of the transaction, the chief financial officer now directly owns 75,695 shares of the company's stock, valued at approximately $3,145,127.25. This trade represents a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 161,666 shares of company stock valued at $7,010,081 in the last three months. 7.90% of the stock is owned by insiders.

Institutional Trading of Build-A-Bear Workshop

Several large investors have recently made changes to their positions in BBW. BNP Paribas Financial Markets raised its holdings in shares of Build-A-Bear Workshop by 296.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 46,880 shares of the specialty retailer's stock worth $1,611,000 after acquiring an additional 35,049 shares during the period. Verition Fund Management LLC purchased a new stake in shares of Build-A-Bear Workshop in the 3rd quarter valued at approximately $253,000. HighTower Advisors LLC purchased a new position in shares of Build-A-Bear Workshop during the 3rd quarter worth approximately $719,000. Quarry LP lifted its stake in 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 purchasing an additional 1,005 shares in the last quarter. Finally, State Street Corp lifted its stake in Build-A-Bear Workshop by 34.3% during the 3rd quarter. State Street Corp now owns 372,168 shares of the specialty retailer's stock worth $12,863,000 after acquiring an additional 94,986 shares in the last quarter. 79.30% of the stock is currently owned by hedge funds and other institutional investors.

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.