State Street Corp Has $12.86 Million Stock Position in Build-A-Bear Workshop, Inc. (NYSE:BBW)

State Street Corp raised its position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) by 34.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 372,168 shares of the specialty retailer’s stock after buying an additional 94,986 shares during the quarter. State Street Corp owned 2.75% of Build-A-Bear Workshop worth $12,863,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in shares of Build-A-Bear Workshop by 7.4% in the 2nd quarter. Renaissance Technologies LLC now owns 256,979 shares of the specialty retailer’s stock valued at $6,494,000 after acquiring an additional 17,772 shares in the last quarter. De Lisle Partners LLP grew its stake in Build-A-Bear Workshop by 25.9% during the 3rd quarter. De Lisle Partners LLP now owns 732,911 shares of the specialty retailer’s stock valued at $25,187,000 after acquiring an additional 150,619 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of Build-A-Bear Workshop in the 3rd quarter valued at about $719,000. Maverick Capital Ltd. purchased a new stake in shares of Build-A-Bear Workshop in the second quarter worth approximately $740,000. Finally, Koss Olinger Consulting LLC purchased a new position in Build-A-Bear Workshop during the second quarter valued at approximately $504,000. 79.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BBW has been the subject of a number of research reports. 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 research note on Friday, December 6th. DA Davidson boosted their price target on Build-A-Bear Workshop from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, December 6th. Finally, StockNews.com upgraded shares of Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a report on Thursday, December 19th.

Build-A-Bear Workshop Stock Performance

Shares of NYSE BBW opened at $45.92 on Thursday. The business’s 50-day simple moving average is $39.30 and its 200-day simple moving average is $32.38. Build-A-Bear Workshop, Inc. has a 52 week low of $21.24 and a 52 week high of $47.01. The firm has a market cap of $617.16 million, a price-to-earnings ratio of 12.21 and a beta of 1.53.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings data on Thursday, December 5th. The specialty retailer reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Build-A-Bear Workshop had a net margin of 10.58% and a return on equity of 38.40%. During the same period in the previous year, the business earned $0.53 earnings per share. As a group, equities research analysts forecast that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, November 27th will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, November 27th. This represents a $0.80 annualized dividend and a dividend yield of 1.74%. Build-A-Bear Workshop’s dividend payout ratio is presently 21.28%.

Build-A-Bear Workshop announced that its board has authorized a share buyback program on Wednesday, September 11th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the specialty retailer to reacquire up to 23.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, CFO Vojin Todorovic sold 12,635 shares of the business’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $35.42, for a total transaction of $447,531.70. Following the transaction, the chief financial officer now owns 90,695 shares in the company, valued at approximately $3,212,416.90. The trade was a 12.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Eric R. Fencl sold 17,274 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $35.05, for a total transaction of $605,453.70. Following the completion of the sale, the chief accounting officer now owns 137,078 shares of the company’s stock, valued at approximately $4,804,583.90. The trade was a 11.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,781 shares of company stock valued at $3,414,758 in the last three months. Company insiders own 7.90% of the company’s stock.

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.