Build-A-Bear Workshop, Inc. $BBW Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its holdings in Build-A-Bear Workshop, Inc. (NYSE:BBW) by 11.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 482,641 shares of the specialty retailer’s stock after buying an additional 50,933 shares during the period. American Century Companies Inc. owned approximately 3.65% of Build-A-Bear Workshop worth $17,940,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BBW. Tower Research Capital LLC TRC boosted its position in Build-A-Bear Workshop by 494.7% in the 4th 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 boosted its position in Build-A-Bear Workshop by 3,357.4% in the 1st quarter. GAMMA Investing LLC now owns 4,460 shares of the specialty retailer’s stock valued at $166,000 after buying an additional 4,331 shares during the period. Legal & General Group Plc boosted its position in Build-A-Bear Workshop by 26.0% in the 4th quarter. Legal & General Group Plc now owns 3,793 shares of the specialty retailer’s stock valued at $175,000 after buying an additional 783 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Build-A-Bear Workshop in the 4th quarter valued at approximately $207,000. Finally, Algert Global LLC purchased a new position in Build-A-Bear Workshop in the 4th quarter valued at approximately $230,000. Hedge funds and other institutional investors own 79.30% of the company’s stock.

Insider Activity at Build-A-Bear Workshop

In related news, Director Lesli Rotenberg sold 1,755 shares of the business’s stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $53.52, for a total value of $93,927.60. Following the completion of the sale, the director directly owned 11,825 shares of the company’s stock, valued at $632,874. The trade was a 12.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig Leavitt sold 8,250 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $50.21, for a total transaction of $414,232.50. Following the completion of the sale, the director directly owned 72,392 shares of the company’s stock, valued at approximately $3,634,802.32. This trade represents a 10.23% 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 ninety days. 5.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on BBW. DA Davidson raised their price target on shares of Build-A-Bear Workshop from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Monday, August 4th. Wall Street Zen downgraded shares of Build-A-Bear Workshop from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Piper Sandler boosted their target price on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an “overweight” rating in a research note on Thursday, May 15th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Build-A-Bear Workshop has an average rating of “Buy” and a consensus price target of $52.67.

Build-A-Bear Workshop Trading Up 3.7%

Shares of BBW stock opened at $56.52 on Monday. The firm has a fifty day moving average price of $52.56 and a 200 day moving average price of $44.03. The company has a market cap of $746.63 million, a P/E ratio of 13.59 and a beta of 0.70. Build-A-Bear Workshop, Inc. has a 12 month low of $27.44 and a 12 month high of $59.78.

Build-A-Bear Workshop (NYSE:BBW) last issued its earnings results on Thursday, May 29th. The specialty retailer reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.31. Build-A-Bear Workshop had a net margin of 10.91% and a return on equity of 40.74%. The firm had revenue of $128.40 million during the quarter, compared to the consensus estimate of $118.90 million. During the same quarter in the previous year, the firm posted $0.82 earnings per share. On average, equities analysts forecast that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current year.

Build-A-Bear Workshop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Thursday, June 26th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.6%. Build-A-Bear Workshop’s payout ratio is 21.15%.

Build-A-Bear Workshop Profile

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.