Chase Investment Counsel Corp Takes $1.22 Million Position in Build-A-Bear Workshop, Inc. $BBW

Chase Investment Counsel Corp purchased a new stake in Build-A-Bear Workshop, Inc. (NYSE:BBW) during the second quarter, Holdings Channel reports. The institutional investor purchased 40,000 shares of the specialty retailer’s stock, valued at approximately $1,224,000.

Several other hedge funds and other institutional investors have also bought and sold shares of BBW. IFP Advisors Inc grew its holdings in Build-A-Bear Workshop by 68.1% during the third 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 period. Commonwealth Equity Services LLC raised its holdings in Build-A-Bear Workshop by 7.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 3,392 shares of the specialty retailer’s stock worth $208,000 after purchasing an additional 221 shares during the period. SkyView Investment Advisors LLC boosted its position in shares of Build-A-Bear Workshop by 2.1% during the second quarter. SkyView Investment Advisors LLC now owns 17,065 shares of the specialty retailer’s stock worth $915,000 after purchasing an additional 356 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Build-A-Bear Workshop by 3.5% during the fourth quarter. Deutsche Bank AG now owns 10,770 shares of the specialty retailer’s stock worth $660,000 after purchasing an additional 363 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position in shares of Build-A-Bear Workshop by 6.0% during the second quarter. Rafferty Asset Management LLC now owns 7,284 shares of the specialty retailer’s stock worth $376,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 79.30% of the company’s stock.

Build-A-Bear Workshop Trading Down 0.1%

Build-A-Bear Workshop stock opened at $38.32 on Monday. Build-A-Bear Workshop, Inc. has a 1-year low of $29.35 and a 1-year high of $75.85. The company has a fifty day simple moving average of $33.47 and a 200 day simple moving average of $39.41. The company has a market cap of $480.50 million, a P/E ratio of 8.97 and a beta of 1.10.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings results on Thursday, May 28th. The specialty retailer reported $1.03 EPS for the quarter, topping the consensus estimate of $0.76 by $0.27. Build-A-Bear Workshop had a net margin of 10.48% and a return on equity of 32.15%. The firm had revenue of $125.27 million for the quarter, compared to analysts’ expectations of $129.45 million. On average, equities research analysts forecast that Build-A-Bear Workshop, Inc. will post 4.04 EPS for the current year.

Build-A-Bear Workshop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 25th were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.4%. Build-A-Bear Workshop’s payout ratio is currently 21.55%.

Wall Street Analysts Forecast Growth

BBW has been the subject of a number of recent analyst reports. DA Davidson restated a “buy” rating and issued a $60.00 price objective on shares of Build-A-Bear Workshop in a research report on Friday, May 29th. Weiss Ratings cut Build-A-Bear Workshop from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.00.

Insider Activity

In related news, Director George Carrara sold 3,000 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $34.52, for a total transaction of $103,560.00. Following the sale, the director owned 11,277 shares in the company, valued at approximately $389,282.04. This represents a 21.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.00% of the company’s stock.

About Build-A-Bear Workshop

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.