Build-A-Bear Workshop, Inc. (BBW) To Go Ex-Dividend on September 26th

Build-A-Bear Workshop, Inc. (NYSE:BBW) declared a quarterly dividend on Wednesday, September 11th, RTT News reports. Investors of record on Thursday, September 26th will be given a dividend of 0.20 per share by the specialty retailer on Thursday, October 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date is Thursday, September 26th.

Build-A-Bear Workshop has a dividend payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Build-A-Bear Workshop to earn $3.89 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 20.6%.

Build-A-Bear Workshop Stock Performance

NYSE:BBW opened at $32.49 on Tuesday. The stock has a 50-day simple moving average of $28.52 and a two-hundred day simple moving average of $28.04. Build-A-Bear Workshop has a 52-week low of $21.24 and a 52-week high of $34.80. The firm has a market capitalization of $448.52 million, a PE ratio of 9.31 and a beta of 1.56.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.07. The business had revenue of $111.80 million for the quarter, compared to the consensus estimate of $107.90 million. Build-A-Bear Workshop had a net margin of 10.36% and a return on equity of 38.01%. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Equities analysts forecast that Build-A-Bear Workshop will post 3.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BBW has been the topic of several recent analyst reports. Northland Securities lifted their target price on 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 raised shares of Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a report on Monday, September 2nd.

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

Insiders Place Their Bets

In other news, CEO Sharon Price John sold 50,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $15,493,933.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.90% of the company’s stock.

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.