Royal Bank of Canada lessened its position in Build-A-Bear Workshop, Inc. (NYSE:BBW) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,710 shares of the specialty retailer’s stock after selling 529 shares during the quarter. Royal Bank of Canada owned about 0.29% of Build-A-Bear Workshop worth $478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trexquant Investment LP increased its holdings in shares of Build-A-Bear Workshop by 1.1% in the second quarter. Trexquant Investment LP now owns 14,704 shares of the specialty retailer’s stock valued at $154,000 after purchasing an additional 155 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Build-A-Bear Workshop by 2.6% in the second quarter. Rhumbline Advisers now owns 16,259 shares of the specialty retailer’s stock valued at $170,000 after purchasing an additional 415 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Build-A-Bear Workshop by 1.4% in the first quarter. TIAA CREF Investment Management LLC now owns 36,500 shares of the specialty retailer’s stock valued at $323,000 after purchasing an additional 488 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Build-A-Bear Workshop by 15.4% in the second quarter. Parametric Portfolio Associates LLC now owns 14,805 shares of the specialty retailer’s stock valued at $155,000 after purchasing an additional 1,978 shares during the last quarter. Finally, Strs Ohio increased its holdings in shares of Build-A-Bear Workshop by 6.1% in the second quarter. Strs Ohio now owns 39,900 shares of the specialty retailer’s stock valued at $416,000 after purchasing an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 69.61% of the company’s stock.

Several equities research analysts recently commented on the company. Jefferies Group LLC assumed coverage on Build-A-Bear Workshop in a report on Wednesday, September 13th. They issued a “buy” rating and a $12.00 price target for the company. Zacks Investment Research raised Build-A-Bear Workshop from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Friday, September 15th. Finally, Dougherty & Co cut Build-A-Bear Workshop from a “buy” rating to a “neutral” rating in a report on Friday, October 27th. One 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 company currently has a consensus rating of “Hold” and a consensus price target of $11.67.

In other news, Director Braden Michael Leonard sold 80,000 shares of Build-A-Bear Workshop stock in a transaction on Monday, September 18th. The stock was 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 of the company’s stock, valued at $1,344,184.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Point72 Asset Management, L.P. acquired 10,300 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was purchased at an average cost of $7.36 per share, with a total value of $75,808.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 81,300 shares of company stock valued at $689,918 and have sold 177,000 shares valued at $1,599,746. 17.50% of the stock is owned by company insiders.

Shares of Build-A-Bear Workshop, Inc. (NYSE BBW) opened at $7.65 on Tuesday. The stock has a market capitalization of $124.16, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 0.86 and a beta of -0.18. Build-A-Bear Workshop, Inc. has a one year low of $7.25 and a one year high of $15.85.

Build-A-Bear Workshop (NYSE:BBW) last posted its earnings results on Thursday, October 26th. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $82.40 million for the quarter, compared to analyst estimates of $85.61 million. Build-A-Bear Workshop had a return on equity of 6.33% and a net margin of 0.83%. Build-A-Bear Workshop’s revenue was down 1.6% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. research analysts anticipate that Build-A-Bear Workshop, Inc. will post 0.51 earnings per share for the current fiscal year.

Build-A-Bear Workshop announced that its Board of Directors has authorized a share buyback 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 usually a sign that the company’s management believes its stock is undervalued.

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Build-A-Bear Workshop 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.

Institutional Ownership by Quarter for Build-A-Bear Workshop (NYSE:BBW)

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