Bank of New York Mellon Corp Lowers Stake in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Bank of New York Mellon Corp cut its position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) by 0.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 179,646 shares of the specialty retailer’s stock after selling 399 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.37% of Build-A-Bear Workshop worth $6,677,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in Build-A-Bear Workshop by 494.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the specialty retailer’s stock valued at $78,000 after buying an additional 1,405 shares during the period. GAMMA Investing LLC raised its stake in shares of Build-A-Bear Workshop by 3,357.4% during the first quarter. GAMMA Investing LLC now owns 4,460 shares of the specialty retailer’s stock valued at $166,000 after purchasing an additional 4,331 shares during the period. Legal & General Group Plc raised its stake in shares of Build-A-Bear Workshop by 26.0% during the fourth quarter. Legal & General Group Plc now owns 3,793 shares of the specialty retailer’s stock valued at $175,000 after purchasing an additional 783 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Build-A-Bear Workshop during the fourth quarter valued at approximately $200,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Build-A-Bear Workshop during the fourth quarter valued at approximately $207,000. 79.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BBW has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Build-A-Bear Workshop from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 5th. DA Davidson lifted their price objective on shares of Build-A-Bear Workshop from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, May 30th. Finally, Piper Sandler lifted 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 report on Thursday, May 15th.

Build-A-Bear Workshop Stock Up 2.1%

NYSE:BBW opened at $55.12 on Thursday. The stock’s 50-day simple moving average is $49.09 and its 200 day simple moving average is $42.20. The firm has a market capitalization of $728.19 million, a PE ratio of 13.25 and a beta of 0.70. Build-A-Bear Workshop, Inc. has a twelve month low of $23.63 and a twelve month high of $55.57.

Build-A-Bear Workshop (NYSE:BBW) last announced its earnings results on Thursday, May 29th. The specialty retailer reported $1.17 EPS for the quarter, beating the consensus estimate of $0.86 by $0.31. Build-A-Bear Workshop had a return on equity of 40.74% and a net margin of 10.91%. The company had revenue of $128.40 million for the quarter, compared to analyst estimates of $118.90 million. During the same quarter in the prior year, the company earned $0.82 EPS. On average, analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 26th were paid a $0.22 dividend. The ex-dividend date was Thursday, June 26th. This represents a $0.88 annualized dividend and a yield of 1.60%. Build-A-Bear Workshop’s payout ratio is 21.15%.

Insider Transactions at Build-A-Bear Workshop

In related news, CEO Sharon Price John sold 31,250 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $45.73, for a total transaction of $1,429,062.50. Following the sale, the chief executive officer directly owned 291,305 shares of the company’s stock, valued at $13,321,377.65. This trade represents a 9.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lesli Rotenberg sold 1,755 shares of the firm’s stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $53.52, for a total value of $93,927.60. Following the completion of the transaction, the director directly owned 11,825 shares in the company, valued at $632,874. The trade was a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 48,248 shares of company stock valued at $2,276,383 in the last three months. Company insiders own 5.80% of the company’s stock.

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.