Kennondale Capital Management LLC Takes Position in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Kennondale Capital Management LLC acquired a new stake in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 43,892 shares of the specialty retailer's stock, valued at approximately $2,021,000. Build-A-Bear Workshop accounts for 1.6% of Kennondale Capital Management LLC's portfolio, making the stock its 12th largest holding. Kennondale Capital Management LLC owned approximately 0.33% of Build-A-Bear Workshop at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Fortitude Family Office LLC lifted its stake in Build-A-Bear Workshop by 34.1% during the 4th 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 during the period. OneDigital Investment Advisors LLC lifted its stake in Build-A-Bear Workshop by 1.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 22,397 shares of the specialty retailer's stock valued at $770,000 after acquiring an additional 408 shares during the period. USA Financial Formulas acquired a new stake in Build-A-Bear Workshop during the 4th quarter valued at approximately $27,000. SkyView Investment Advisors LLC lifted its stake in Build-A-Bear Workshop by 2.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 31,695 shares of the specialty retailer's stock valued at $1,089,000 after acquiring an additional 734 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in Build-A-Bear Workshop by 3.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 23,483 shares of the specialty retailer's stock valued at $807,000 after acquiring an additional 754 shares during the period. 79.30% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other 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 completion of the sale, the chief financial officer now owns 70,695 shares of the company's stock, valued at $2,833,455.60. This represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider J. Christopher Hurt sold 12,635 shares of the company's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $39.53, for a total transaction of $499,461.55. Following the sale, the insider now directly owns 49,386 shares of the company's stock, valued at $1,952,228.58. The trade was a 20.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 161,666 shares of company stock valued at $7,010,081. 7.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on BBW shares. StockNews.com cut shares of Build-A-Bear Workshop from a "buy" rating to a "hold" rating in a research note on Friday. DA Davidson reaffirmed a "buy" rating and set a $50.00 target price on shares of Build-A-Bear Workshop in a report on Friday, March 14th. Finally, Northland Securities lifted 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.

Build-A-Bear Workshop Stock Up 0.8 %

Shares of NYSE:BBW traded up $0.29 during trading on Friday, hitting $37.39. 352,059 shares of the stock traded hands, compared to its average volume of 245,204. The company has a market cap of $502.47 million, a price-to-earnings ratio of 9.94 and a beta of 1.50. The company has a fifty day moving average price of $39.37 and a two-hundred day moving average price of $38.43. Build-A-Bear Workshop, Inc. has a 52-week low of $23.63 and a 52-week high of $48.23.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last posted its earnings results on Thursday, March 13th. The specialty retailer reported $1.59 earnings per share 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 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%. On average, equities research 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 issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, March 27th. This is a positive change from Build-A-Bear Workshop's previous quarterly dividend of $0.20. Build-A-Bear Workshop's payout ratio is presently 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.