Geode Capital Management LLC Sells 1,007 Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW)

Geode Capital Management LLC lowered its holdings in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) by 0.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 282,957 shares of the specialty retailer’s stock after selling 1,007 shares during the period. Geode Capital Management LLC owned about 2.09% of Build-A-Bear Workshop worth $9,727,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of BBW. Koss Olinger Consulting LLC raised its stake in Build-A-Bear Workshop by 1.3% during the third quarter. Koss Olinger Consulting LLC now owns 20,186 shares of the specialty retailer’s stock worth $694,000 after acquiring an additional 259 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of 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 purchasing an additional 408 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of 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 purchasing an additional 754 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Build-A-Bear Workshop by 17.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,812 shares of the specialty retailer’s stock worth $201,000 after purchasing an additional 871 shares in the last quarter. Finally, Fortitude Family Office LLC lifted its stake in Build-A-Bear Workshop by 705.8% in the 3rd quarter. Fortitude Family Office LLC now owns 1,104 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 967 shares during the last quarter. 79.30% of the stock is currently owned by institutional investors.

Insider Transactions at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, CFO Vojin Todorovic sold 12,635 shares of the company’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $35.42, for a total transaction of $447,531.70. Following the sale, the chief financial officer now owns 90,695 shares of the company’s stock, valued at approximately $3,212,416.90. This represents a 12.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Eric R. Fencl sold 17,274 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $35.05, for a total value of $605,453.70. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 94,781 shares of company stock worth $3,414,758 over the last ninety days. 7.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Northland Securities boosted their target price on shares of Build-A-Bear Workshop from $38.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, December 6th. DA Davidson boosted their price objective on Build-A-Bear Workshop from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, December 6th. Finally, StockNews.com raised Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a report on Thursday, December 19th.

Build-A-Bear Workshop Price Performance

NYSE:BBW opened at $46.04 on Thursday. Build-A-Bear Workshop, Inc. has a one year low of $21.24 and a one year high of $48.23. The firm’s 50 day simple moving average is $40.23 and its 200 day simple moving average is $33.10. The company has a market cap of $618.78 million, a PE ratio of 12.24 and a beta of 1.53.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $0.73 EPS 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 quarter last year, the firm earned $0.53 EPS. Equities research analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current year.

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

Build-A-Bear Workshop Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, November 27th will be paid a $0.20 dividend. 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 payout ratio is 21.28%.

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.