Build-A-Bear Workshop (NYSE:BBW) Reaches New 12-Month High - What's Next?

Build-A-Bear Workshop, Inc. (NYSE:BBW - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $38.71 and last traded at $38.53, with a volume of 5506 shares. The stock had previously closed at $38.65.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Northland Securities lifted their price objective on shares of Build-A-Bear Workshop from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. StockNews.com downgraded shares of Build-A-Bear Workshop from a "buy" rating to a "hold" rating in a research note on Thursday.

Build-A-Bear Workshop Stock Performance

The firm has a fifty day simple moving average of $31.85 and a 200-day simple moving average of $28.88. The company has a market capitalization of $513.55 million, a PE ratio of 10.64 and a beta of 1.55.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.07. Build-A-Bear Workshop had a net margin of 10.36% and a return on equity of 37.81%. The business had revenue of $111.80 million during the quarter, compared to analyst estimates of $107.90 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. As a group, research analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.72 EPS for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were paid a $0.20 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.80 dividend on an annualized basis and a yield of 2.15%. Build-A-Bear Workshop's dividend payout ratio (DPR) is 22.92%.

Build-A-Bear Workshop declared that its board has approved a share repurchase program on Wednesday, September 11th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the specialty retailer to reacquire up to 23.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In related news, Director George Carrara sold 2,500 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $36.27, for a total transaction of $90,675.00. Following the sale, the director now owns 18,421 shares in the company, valued at $668,129.67. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director George Carrara sold 2,500 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $36.27, for a total transaction of $90,675.00. Following the completion of the transaction, the director now directly owns 18,421 shares in the company, valued at $668,129.67. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sharon Price John sold 50,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $33.32, for a total value of $1,666,000.00. Following the completion of the sale, the chief executive officer now directly owns 465,004 shares in the company, valued at $15,493,933.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 130,734 shares of company stock valued at $4,510,217. Company insiders own 7.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pacifica Capital Investments LLC boosted its position in Build-A-Bear Workshop by 54.1% during the 1st quarter. Pacifica Capital Investments LLC now owns 996,166 shares of the specialty retailer's stock worth $29,755,000 after acquiring an additional 349,752 shares during the period. Wellington Management Group LLP grew its position in Build-A-Bear Workshop by 81.4% in the 4th quarter. Wellington Management Group LLP now owns 360,329 shares of the specialty retailer's stock valued at $8,284,000 after buying an additional 161,700 shares in the last quarter. American Century Companies Inc. increased its stake in Build-A-Bear Workshop by 17.2% during the 2nd quarter. American Century Companies Inc. now owns 320,832 shares of the specialty retailer's stock valued at $8,107,000 after buying an additional 47,096 shares during the period. SkyView Investment Advisors LLC bought a new stake in shares of Build-A-Bear Workshop during the 1st quarter worth about $917,000. Finally, Maverick Capital Ltd. bought a new stake in shares of Build-A-Bear Workshop during the 2nd quarter worth about $740,000. 79.30% of the stock is owned by institutional investors and hedge funds.

Build-A-Bear Workshop Company 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.