Build-A-Bear Workshop, Inc. (NYSE:BBW) major shareholder Point72 Asset Management, L.P. purchased 10,000 shares of Build-A-Bear Workshop stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average cost of $8.51 per share, with a total value of $85,100.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Point72 Asset Management, L.P. also recently made the following trade(s):

  • On Thursday, August 24th, Point72 Asset Management, L.P. purchased 17,000 shares of Build-A-Bear Workshop stock. The stock was bought at an average cost of $8.48 per share, with a total value of $144,160.00.

Shares of Build-A-Bear Workshop, Inc. (BBW) traded up 4.85% on Friday, reaching $8.65. The company had a trading volume of 121,887 shares. The firm has a market capitalization of $135.49 million, a PE ratio of 40.05 and a beta of -0.13. Build-A-Bear Workshop, Inc. has a 12 month low of $8.05 and a 12 month high of $15.85. The firm’s 50 day moving average is $9.56 and its 200 day moving average is $9.80.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings results on Thursday, July 27th. The specialty retailer reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.05. Build-A-Bear Workshop had a net margin of 0.94% and a return on equity of 7.20%. The firm had revenue of $77.30 million during the quarter, compared to analysts’ expectations of $78.58 million. During the same period in the prior year, the company earned ($0.28) EPS. The firm’s revenue was up 2.9% on a year-over-year basis. On average, equities research analysts expect that Build-A-Bear Workshop, Inc. will post $0.48 earnings per share for the current fiscal year.

Build-A-Bear Workshop declared that its board has authorized a share repurchase plan on Monday, August 21st that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the specialty retailer to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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Several research analysts have recently commented on the company. Zacks Investment Research lowered Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Dougherty & Co reduced their price target on Build-A-Bear Workshop from $14.50 to $13.50 and set a “buy” rating for the company in a research report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $12.00.

A number of institutional investors have recently bought and sold shares of BBW. Point72 Asset Management L.P. purchased a new position in Build-A-Bear Workshop during the first quarter worth $20,722,000. Dimensional Fund Advisors LP boosted its position in Build-A-Bear Workshop by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,348,330 shares of the specialty retailer’s stock worth $14,090,000 after buying an additional 16,237 shares during the last quarter. Cannell Capital LLC boosted its position in Build-A-Bear Workshop by 3.5% in the first quarter. Cannell Capital LLC now owns 793,261 shares of the specialty retailer’s stock worth $7,020,000 after buying an additional 26,533 shares during the last quarter. Vanguard Group Inc. boosted its position in Build-A-Bear Workshop by 3.8% in the second quarter. Vanguard Group Inc. now owns 638,580 shares of the specialty retailer’s stock worth $6,673,000 after buying an additional 23,600 shares during the last quarter. Finally, Signia Capital Management LLC boosted its position in Build-A-Bear Workshop by 3.2% in the second quarter. Signia Capital Management LLC now owns 508,291 shares of the specialty retailer’s stock worth $5,312,000 after buying an additional 15,707 shares during the last quarter. 70.23% of the stock is owned by institutional investors.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc is primarily a specialty retailer offering a make your own stuffed animal interactive retail-entertainment experience. The Company’s segments include direct-to-consumer (DTC), international franchising and commercial. The DTC segment includes the activities of Company-owned stores in the United States, Canada, the United Kingdom, Ireland and Denmark, and other retail delivery operations, including its e-commerce sites and temporary stores.

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