Jefferies Group LLC began coverage on shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating and a $12.00 price target on the specialty retailer’s stock. Jefferies Group LLC’s price objective points to a potential upside of 35.59% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Dougherty & Co decreased their price target on Build-A-Bear Workshop from $14.50 to $13.50 and set a “buy” rating on the stock in a research note on Friday, July 28th. Zacks Investment Research lowered Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $12.00.

Shares of Build-A-Bear Workshop (NYSE:BBW) opened at 8.85 on Wednesday. The company has a market cap of $138.63 million, a PE ratio of 40.97 and a beta of -0.09. The stock’s 50 day moving average price is $9.18 and its 200 day moving average price is $9.69. Build-A-Bear Workshop has a one year low of $8.05 and a one year high of $15.85.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings results on Thursday, July 27th. The specialty retailer reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 quarter last year, the company posted ($0.28) EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts predict that Build-A-Bear Workshop will post $0.48 earnings per share for the current fiscal year.

Build-A-Bear Workshop announced that its Board of Directors has authorized a share repurchase program on Monday, August 21st that permits the company to buyback $20.00 million in outstanding shares. This buyback authorization permits the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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In other news, major shareholder Point72 Asset Management, L.P. acquired 10,000 shares of Build-A-Bear Workshop stock in a transaction that occurred on Wednesday, August 23rd. The shares were acquired at an average price of $8.51 per share, for a total transaction of $85,100.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 61,000 shares of company stock worth $537,110 in the last 90 days. 17.50% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBW. Bank of New York Mellon Corp grew its position in shares of Build-A-Bear Workshop by 4.8% in the 1st quarter. Bank of New York Mellon Corp now owns 70,023 shares of the specialty retailer’s stock valued at $620,000 after buying an additional 3,229 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Build-A-Bear Workshop in the 1st quarter valued at about $129,000. Pacific Ridge Capital Partners LLC grew its position in shares of Build-A-Bear Workshop by 66.4% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 405,925 shares of the specialty retailer’s stock valued at $3,592,000 after buying an additional 162,024 shares during the last quarter. KBC Group NV grew its position in shares of Build-A-Bear Workshop by 43.0% in the 1st quarter. KBC Group NV now owns 29,332 shares of the specialty retailer’s stock valued at $260,000 after buying an additional 8,814 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Build-A-Bear Workshop in the 1st quarter valued at about $108,000. Hedge funds and other institutional investors own 68.40% of the company’s stock.

Build-A-Bear Workshop Company Profile

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.

Analyst Recommendations for Build-A-Bear Workshop (NYSE:BBW)

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