Build-A-Bear Workshop, Inc. (NYSE:BBW) major shareholder Point72 Asset Management, L.P. acquired 17,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The shares were bought at an average cost of $8.48 per share, for a total transaction of $144,160.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Wednesday, August 23rd, Point72 Asset Management, L.P. acquired 10,000 shares of Build-A-Bear Workshop stock. The shares were bought at an average cost of $8.51 per share, for a total transaction of $85,100.00.

Shares of Build-A-Bear Workshop, Inc. (BBW) traded up 4.85% on Friday, reaching $8.65. 121,887 shares of the company were exchanged. The stock has a 50 day moving average price of $9.56 and a 200-day moving average price of $9.80. Build-A-Bear Workshop, Inc. has a 12 month low of $8.05 and a 12 month high of $15.85. The stock has a market capitalization of $135.49 million, a P/E ratio of 40.05 and a beta of -0.13.

Build-A-Bear Workshop (NYSE:BBW) last issued its 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 return on equity of 7.20% and a net margin of 0.94%. The company had revenue of $77.30 million for the quarter, compared to analyst estimates of $78.58 million. During the same period in the prior year, the firm earned ($0.28) earnings per share. Build-A-Bear Workshop’s revenue for the quarter was up 2.9% on a year-over-year basis. On average, equities analysts expect that Build-A-Bear Workshop, Inc. will post $0.48 EPS for the current fiscal year.

Build-A-Bear Workshop announced that its board has approved a share repurchase plan on Monday, August 21st that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the specialty retailer to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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A number of research analysts recently commented on BBW shares. Zacks Investment Research raised shares of Build-A-Bear Workshop from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a research report on Monday, May 1st. Dougherty & Co boosted their price objective on shares of Build-A-Bear Workshop from $13.50 to $14.50 and gave the company a “buy” rating in a research report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.00.

Large investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new stake in Build-A-Bear Workshop during the first quarter worth approximately $20,722,000. Pacifica Capital Investments LLC bought a new stake in Build-A-Bear Workshop during the first quarter worth approximately $2,412,000. Signia Capital Management LLC raised its stake in Build-A-Bear Workshop by 66.2% in the first quarter. Signia Capital Management LLC now owns 492,584 shares of the specialty retailer’s stock worth $4,359,000 after buying an additional 196,131 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in Build-A-Bear Workshop by 66.4% in the first quarter. Pacific Ridge Capital Partners LLC now owns 405,925 shares of the specialty retailer’s stock worth $3,592,000 after buying an additional 162,024 shares during the last quarter. Finally, North Star Investment Management Corp. raised its stake in Build-A-Bear Workshop by 63.0% in the first quarter. North Star Investment Management Corp. now owns 232,850 shares of the specialty retailer’s stock worth $2,061,000 after buying an additional 90,000 shares during the last quarter. 70.23% of the stock is owned by institutional investors and hedge funds.

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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