Build-A-Bear Workshop, Inc. (NYSE:BBW) reached a new 52-week low during trading on Monday . The stock traded as low as $7.60 and last traded at $7.60, with a volume of 53184 shares trading hands. The stock had previously closed at $7.90.

Several equities research analysts have recently commented on BBW shares. Zacks Investment Research raised Build-A-Bear Workshop from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Friday, September 15th. Dougherty & Co lowered Build-A-Bear Workshop from a “buy” rating to a “neutral” rating in a research report on Friday, October 27th. Finally, Jefferies Group LLC initiated coverage on Build-A-Bear Workshop in a research report on Wednesday, September 13th. They issued a “buy” rating and a $12.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $11.67.

The company has a market cap of $122.66, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 0.84 and a beta of -0.18.

Build-A-Bear Workshop (NYSE:BBW) last posted its earnings results on Thursday, October 26th. The specialty retailer reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.01). The business had revenue of $82.40 million for the quarter, compared to the consensus estimate of $85.61 million. Build-A-Bear Workshop had a return on equity of 6.38% and a net margin of 0.83%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share. equities analysts forecast that Build-A-Bear Workshop, Inc. will post 0.51 earnings per share for the current year.

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

In related news, major shareholder Point72 Asset Management, L.P. bought 15,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $9.25 per share, with a total value of $138,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Braden Michael Leonard sold 80,000 shares of Build-A-Bear Workshop stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $8.99, for a total value of $719,200.00. Following the completion of the sale, the director now directly owns 149,520 shares in the company, valued at approximately $1,344,184.80. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 61,000 shares of company stock worth $537,110 and sold 177,000 shares worth $1,599,746. Insiders own 17.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in BBW. New York State Common Retirement Fund increased its position in Build-A-Bear Workshop by 980.8% during the third quarter. New York State Common Retirement Fund now owns 151,306 shares of the specialty retailer’s stock worth $1,384,000 after buying an additional 137,306 shares during the last quarter. Pacifica Capital Investments LLC increased its position in Build-A-Bear Workshop by 20.3% during the second quarter. Pacifica Capital Investments LLC now owns 327,789 shares of the specialty retailer’s stock worth $3,425,000 after buying an additional 55,299 shares during the last quarter. Royce & Associates LP increased its position in Build-A-Bear Workshop by 9.8% during the second quarter. Royce & Associates LP now owns 441,400 shares of the specialty retailer’s stock worth $4,613,000 after buying an additional 39,500 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Build-A-Bear Workshop during the second quarter worth approximately $361,000. Finally, Macquarie Group Ltd. acquired a new position in Build-A-Bear Workshop during the third quarter worth approximately $291,000. 69.43% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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