Build-A-Bear Workshop, Inc. (NYSE:BBW) Short Interest Down 8.6% in October

Build-A-Bear Workshop, Inc. (NYSE:BBWGet Rating) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 1,380,000 shares, a decline of 8.6% from the October 15th total of 1,510,000 shares. Approximately 10.2% of the shares of the stock are sold short. Based on an average daily volume of 280,700 shares, the days-to-cover ratio is presently 4.9 days.

Insiders Place Their Bets

In other news, major shareholder Cannell Capital Llc sold 25,000 shares of Build-A-Bear Workshop stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $17.67, for a total value of $441,750.00. Following the sale, the insider now directly owns 1,642,034 shares of the company’s stock, valued at $29,014,740.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, major shareholder Cannell Capital Llc sold 25,000 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $17.67, for a total transaction of $441,750.00. Following the completion of the transaction, the insider now directly owns 1,642,034 shares in the company, valued at approximately $29,014,740.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vojin Todorovic sold 19,495 shares of the business’s stock in a transaction on Friday, October 21st. The stock was sold at an average price of $15.06, for a total transaction of $293,594.70. Following the completion of the sale, the chief financial officer now owns 185,943 shares in the company, valued at approximately $2,800,301.58. The disclosure for this sale can be found here. Insiders have sold a total of 104,185 shares of company stock worth $1,804,734 in the last 90 days. 11.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Oppenheimer & Close LLC lifted its stake in shares of Build-A-Bear Workshop by 5.4% during the 1st quarter. Oppenheimer & Close LLC now owns 287,155 shares of the specialty retailer’s stock worth $5,249,000 after acquiring an additional 14,785 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Build-A-Bear Workshop by 57.6% during the first quarter. Qube Research & Technologies Ltd now owns 16,480 shares of the specialty retailer’s stock valued at $301,000 after purchasing an additional 6,021 shares during the period. GSA Capital Partners LLP bought a new position in shares of Build-A-Bear Workshop in the first quarter worth about $1,321,000. Pacific Ridge Capital Partners LLC increased its stake in Build-A-Bear Workshop by 6.7% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 509,539 shares of the specialty retailer’s stock worth $9,314,000 after buying an additional 31,977 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Build-A-Bear Workshop by 4.8% during the 1st quarter. Bank of New York Mellon Corp now owns 47,038 shares of the specialty retailer’s stock valued at $860,000 after buying an additional 2,173 shares in the last quarter. Hedge funds and other institutional investors own 77.36% of the company’s stock.

Build-A-Bear Workshop Stock Performance

NYSE BBW opened at $18.66 on Wednesday. The business’s 50 day moving average price is $15.11 and its 200-day moving average price is $16.55. Build-A-Bear Workshop has a fifty-two week low of $12.47 and a fifty-two week high of $23.50. The company has a market cap of $279.00 million, a P/E ratio of 6.00 and a beta of 1.81.

Build-A-Bear Workshop (NYSE:BBWGet Rating) last posted its quarterly earnings data on Thursday, September 1st. The specialty retailer reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Build-A-Bear Workshop had a net margin of 11.29% and a return on equity of 44.28%. The firm had revenue of $100.69 million for the quarter, compared to the consensus estimate of $96.67 million. During the same quarter last year, the firm earned $0.43 EPS. As a group, equities analysts predict that Build-A-Bear Workshop will post 2.76 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Build-A-Bear Workshop in a research note on Wednesday, October 12th. They set a “hold” rating on the stock.

Build-A-Bear Workshop Company Profile

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Build-A-Bear Workshop, Inc operates as a multi-channel retailer of plush animals and related products. The company operates through three segments: Direct-to-Consumer, Commercial, and International Franchising. Its merchandise comprises various styles of plush products to be stuffed, pre-stuffed plush products, and sounds and scents that can be added to the stuffed animals, as well as range of clothing, shoes, accessories, and other toy and novelty items.

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