Cannell Capital LLC Sells 151,822 Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW)

Cannell Capital LLC cut its holdings in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 32.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 316,977 shares of the specialty retailer's stock after selling 151,822 shares during the period. Build-A-Bear Workshop makes up approximately 3.0% of Cannell Capital LLC's investment portfolio, making the stock its 15th largest holding. Cannell Capital LLC owned 2.36% of Build-A-Bear Workshop worth $14,594,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its holdings in shares of Build-A-Bear Workshop by 14.7% during the 4th quarter. American Century Companies Inc. now owns 431,708 shares of the specialty retailer's stock valued at $19,876,000 after purchasing an additional 55,328 shares in the last quarter. State Street Corp raised its holdings 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 buying an additional 94,986 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Build-A-Bear Workshop by 26.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 291,990 shares of the specialty retailer's stock valued at $13,443,000 after buying an additional 61,111 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Build-A-Bear Workshop by 77.5% in the fourth quarter. Bank of New York Mellon Corp now owns 180,045 shares of the specialty retailer's stock valued at $8,289,000 after buying an additional 78,629 shares during the period. Finally, Invesco Ltd. increased its position in shares of Build-A-Bear Workshop by 396.5% during the fourth quarter. Invesco Ltd. now owns 129,801 shares of the specialty retailer's stock worth $5,976,000 after acquiring an additional 103,656 shares in the last quarter. 79.30% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, CFO Vojin Todorovic sold 5,000 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $40.08, for a total transaction of $200,400.00. Following the sale, the chief financial officer now directly owns 70,695 shares of the company's stock, valued at approximately $2,833,455.60. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider J. Christopher Hurt sold 6,210 shares of Build-A-Bear Workshop stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $39.91, for a total transaction of $247,841.10. Following the completion of the transaction, the insider now directly owns 43,176 shares of the company's stock, valued at approximately $1,723,154.16. This trade represents a 12.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,845 shares of company stock worth $1,570,953 over the last ninety days. 7.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on BBW. StockNews.com cut shares of Build-A-Bear Workshop from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. DA Davidson restated a "buy" rating and issued a $50.00 price target on shares of Build-A-Bear Workshop in a report on Friday, March 14th.

Build-A-Bear Workshop Trading Up 0.7 %

Shares of NYSE BBW traded up $0.24 during midday trading on Friday, reaching $37.06. The company's stock had a trading volume of 327,625 shares, compared to its average volume of 260,681. Build-A-Bear Workshop, Inc. has a fifty-two week low of $23.63 and a fifty-two week high of $48.23. The stock has a 50 day simple moving average of $38.15 and a 200-day simple moving average of $39.16. The stock has a market capitalization of $498.10 million, a price-to-earnings ratio of 9.86 and a beta of 1.04.

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

Build-A-Bear Workshop Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.37%. This is an increase from Build-A-Bear Workshop's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, March 27th. Build-A-Bear Workshop's dividend payout ratio (DPR) is currently 23.10%.

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.