Wellington Management Group LLP Sells 225,876 Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW)

Wellington Management Group LLP lowered its stake in Build-A-Bear Workshop, Inc. (NYSE:BBW - Free Report) by 89.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,353 shares of the specialty retailer's stock after selling 225,876 shares during the quarter. Wellington Management Group LLP owned approximately 0.20% of Build-A-Bear Workshop worth $940,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BBW. State Street Corp increased its holdings in Build-A-Bear Workshop by 34.3% during the third 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 last quarter. Quarry LP grew its position in shares of Build-A-Bear Workshop by 346.6% in the 3rd quarter. Quarry LP now owns 1,295 shares of the specialty retailer's stock valued at $45,000 after acquiring an additional 1,005 shares during the period. HighTower Advisors LLC acquired a new position in shares of Build-A-Bear Workshop during the 3rd quarter worth about $719,000. Maverick Capital Ltd. raised its holdings in shares of Build-A-Bear Workshop by 261.3% in the 3rd quarter. Maverick Capital Ltd. now owns 105,847 shares of the specialty retailer's stock valued at $3,638,000 after purchasing an additional 76,551 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in Build-A-Bear Workshop in the 3rd quarter valued at about $253,000. Institutional investors own 79.30% of the company's stock.

Insider Buying and Selling at Build-A-Bear Workshop

In other news, Director Craig Leavitt sold 2,500 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $41.36, for a total transaction of $103,400.00. Following the sale, the director now directly owns 78,167 shares of the company's stock, valued at approximately $3,232,987.12. This represents a 3.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sharon Price John sold 48,325 shares of the firm's stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $35.19, for a total value of $1,700,556.75. Following the completion of the transaction, the chief executive officer now owns 416,679 shares in the company, valued at $14,662,934.01. The trade was a 10.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 94,781 shares of company stock valued at $3,414,758 in the last quarter. Company insiders own 7.90% of the company's stock.

Build-A-Bear Workshop Stock Performance

Shares of NYSE BBW traded up $1.04 during trading hours on Friday, reaching $43.78. 385,979 shares of the stock were exchanged, compared to its average volume of 239,548. The firm has a market capitalization of $588.40 million, a price-to-earnings ratio of 11.64 and a beta of 1.53. The stock's fifty day simple moving average is $38.61 and its 200 day simple moving average is $31.84. Build-A-Bear Workshop, Inc. has a 52 week low of $21.24 and a 52 week high of $47.01.

Build-A-Bear Workshop (NYSE:BBW - Get Free Report) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.70 by $0.03. Build-A-Bear Workshop had a return on equity of 38.40% and a net margin of 10.58%. During the same period last year, the business posted $0.53 EPS. Research analysts predict that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current fiscal year.

Build-A-Bear Workshop declared that its Board of Directors has approved a stock repurchase plan on Wednesday, September 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty retailer to purchase up to 23.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Build-A-Bear Workshop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Wednesday, November 27th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Wednesday, November 27th. Build-A-Bear Workshop's dividend payout ratio (DPR) is 21.28%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com raised Build-A-Bear Workshop from a "hold" rating to a "buy" rating in a research report on Thursday. DA Davidson lifted their target price on Build-A-Bear Workshop from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, December 6th. Finally, Northland Securities increased their price target on Build-A-Bear Workshop from $38.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, December 6th.

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.