Build-A-Bear Workshop (NYSE:BBW) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Build-A-Bear Workshop, Inc. (NYSE:BBW) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $57.67 and traded as high as $71.92. Build-A-Bear Workshop shares last traded at $70.67, with a volume of 361,297 shares.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. DA Davidson reduced their target price on shares of Build-A-Bear Workshop from $85.00 to $70.00 and set a “buy” rating for the company in a report on Friday, December 5th. Zacks Research lowered Build-A-Bear Workshop from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. CJS Securities initiated coverage on Build-A-Bear Workshop in a report on Wednesday, December 10th. They issued a “market outperform” rating and a $70.00 target price on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Build-A-Bear Workshop in a research report on Tuesday, December 23rd. Finally, Wall Street Zen downgraded Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.75.

Build-A-Bear Workshop Price Performance

The company has a 50-day moving average price of $56.95 and a 200 day moving average price of $57.75. The firm has a market capitalization of $841.18 million, a PE ratio of 14.93 and a beta of 1.01.

Build-A-Bear Workshop (NYSE:BBW) last issued its earnings results on Thursday, December 4th. The specialty retailer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.07. Build-A-Bear Workshop had a return on equity of 38.43% and a net margin of 10.93%.The company had revenue of $122.68 million for the quarter, compared to the consensus estimate of $124.28 million. During the same quarter last year, the company earned $0.73 EPS. As a group, research analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, November 26th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, November 26th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.4%. Build-A-Bear Workshop’s dividend payout ratio is currently 20.23%.

Institutional Trading of Build-A-Bear Workshop

Several hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc boosted its holdings in shares of Build-A-Bear Workshop by 68.1% during the 3rd quarter. IFP Advisors Inc now owns 501 shares of the specialty retailer’s stock valued at $33,000 after purchasing an additional 203 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Build-A-Bear Workshop by 453.1% in the third quarter. Larson Financial Group LLC now owns 542 shares of the specialty retailer’s stock worth $35,000 after buying an additional 444 shares in the last quarter. Blue Trust Inc. boosted its stake in Build-A-Bear Workshop by 163.0% during the fourth quarter. Blue Trust Inc. now owns 668 shares of the specialty retailer’s stock valued at $41,000 after buying an additional 414 shares during the last quarter. Covestor Ltd grew its holdings in Build-A-Bear Workshop by 214.3% during the 3rd quarter. Covestor Ltd now owns 682 shares of the specialty retailer’s stock valued at $45,000 after buying an additional 465 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Build-A-Bear Workshop in the 3rd quarter worth approximately $45,000. Hedge funds and other institutional investors own 79.30% of the company’s stock.

Build-A-Bear Workshop Company Profile

Build-A-Bear Workshop, Inc operates a specialty retail business focused on interactive “workshop” experiences that allow customers to create customized stuffed animals. Through its in-store and online platforms, the company offers a wide range of plush toys, apparel, accessories and sound modules, enabling guests to personalize each creation. In addition to its core bear products, Build-A-Bear has expanded its portfolio to include licensed characters from leading entertainment and media franchises.

Founded in 1997 by Maxine Clark and headquartered in St.