Build-A-Bear Workshop, Inc. (NYSE:BBW) Shares Bought by Northern Trust Corp

Northern Trust Corp boosted its holdings in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,863 shares of the specialty retailer’s stock after purchasing an additional 1,654 shares during the period. Northern Trust Corp owned about 0.91% of Build-A-Bear Workshop worth $5,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BBW. Invesco Ltd. lifted its position in Build-A-Bear Workshop by 396.5% during the fourth quarter. Invesco Ltd. now owns 129,801 shares of the specialty retailer’s stock valued at $5,976,000 after purchasing an additional 103,656 shares during the period. Marshall Wace LLP lifted its position in Build-A-Bear Workshop by 269.9% during the fourth quarter. Marshall Wace LLP now owns 137,922 shares of the specialty retailer’s stock valued at $6,350,000 after purchasing an additional 100,633 shares during the period. Bank of New York Mellon Corp lifted its position in Build-A-Bear Workshop by 77.5% during the fourth quarter. Bank of New York Mellon Corp now owns 180,045 shares of the specialty retailer’s stock valued at $8,289,000 after purchasing an additional 78,629 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Build-A-Bear Workshop by 26.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 291,990 shares of the specialty retailer’s stock valued at $13,443,000 after purchasing an additional 61,111 shares during the period. Finally, Uniplan Investment Counsel Inc. lifted its position in Build-A-Bear Workshop by 183.0% during the fourth quarter. Uniplan Investment Counsel Inc. now owns 90,817 shares of the specialty retailer’s stock valued at $4,181,000 after purchasing an additional 58,721 shares during the period. 79.30% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BBW shares. DA Davidson upgraded shares of Build-A-Bear Workshop to a “strong-buy” rating in a research report on Thursday, May 15th. StockNews.com downgraded shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research report on Friday, March 21st. Finally, Piper Sandler upped their price objective on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an “overweight” rating in a research report on Thursday, May 15th.

Build-A-Bear Workshop Stock Performance

Shares of Build-A-Bear Workshop stock opened at $41.63 on Wednesday. The firm has a 50-day simple moving average of $37.25 and a two-hundred day simple moving average of $39.35. The company has a market cap of $549.77 million, a P/E ratio of 11.07 and a beta of 0.54. Build-A-Bear Workshop, Inc. has a fifty-two week low of $23.63 and a fifty-two week high of $48.23.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.07. The business had revenue of $150.45 million during the quarter, compared to the consensus estimate of $147.53 million. Build-A-Bear Workshop had a net margin of 10.58% and a return on equity of 38.35%. Equities research analysts forecast that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current year.

Build-A-Bear Workshop Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were paid a dividend of $0.22 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.11%. This is a boost from Build-A-Bear Workshop’s previous quarterly dividend of $0.20. Build-A-Bear Workshop’s payout ratio is currently 23.10%.

About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally. 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 and accessories, and other toy and novelty items, including family sleepwear.