Deutsche Bank AG Sells 1,047 Shares of Build-A-Bear Workshop, Inc. $BBW

Deutsche Bank AG reduced its stake in Build-A-Bear Workshop, Inc. (NYSE:BBW) by 8.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,841 shares of the specialty retailer’s stock after selling 1,047 shares during the quarter. Deutsche Bank AG owned about 0.08% of Build-A-Bear Workshop worth $403,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of BBW. Vanguard Group Inc. grew its position in Build-A-Bear Workshop by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 995,693 shares of the specialty retailer’s stock worth $37,010,000 after purchasing an additional 13,713 shares in the last quarter. De Lisle Partners LLP lifted its stake in Build-A-Bear Workshop by 2.4% in the 1st quarter. De Lisle Partners LLP now owns 765,911 shares of the specialty retailer’s stock worth $28,519,000 after purchasing an additional 18,000 shares in the last quarter. Alta Fox Capital Management LLC purchased a new stake in shares of Build-A-Bear Workshop during the 4th quarter valued at $5,631,000. Northern Trust Corp raised its position in shares of Build-A-Bear Workshop by 1.4% during the 4th quarter. Northern Trust Corp now owns 121,863 shares of the specialty retailer’s stock valued at $5,611,000 after buying an additional 1,654 shares in the last quarter. Finally, Foundry Partners LLC grew its holdings in shares of Build-A-Bear Workshop by 138.1% during the 1st quarter. Foundry Partners LLC now owns 115,885 shares of the specialty retailer’s stock valued at $4,307,000 after purchasing an additional 67,205 shares during the last quarter. Institutional investors own 79.30% of the company’s stock.

Insider Transactions at Build-A-Bear Workshop

In related news, CEO Sharon Price John sold 31,250 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 291,305 shares of the company’s stock, valued at approximately $13,321,377.65. The trade was a 9.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Lesli Rotenberg sold 1,755 shares of Build-A-Bear Workshop stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $53.52, for a total value of $93,927.60. Following the sale, the director owned 11,825 shares in the company, valued at $632,874. This represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,248 shares of company stock valued at $2,276,383. 5.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BBW. DA Davidson lifted 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. Piper Sandler upped their target price on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the company an “overweight” rating in a report on Thursday, May 15th. Finally, Wall Street Zen cut shares of Build-A-Bear Workshop from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 23rd. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $52.67.

Build-A-Bear Workshop Stock Performance

Build-A-Bear Workshop stock opened at $58.55 on Thursday. Build-A-Bear Workshop, Inc. has a one year low of $27.44 and a one year high of $59.78. The company has a market cap of $773.50 million, a P/E ratio of 14.08 and a beta of 0.70. The business has a fifty day moving average of $52.84 and a two-hundred day moving average of $44.35.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings results on Thursday, May 29th. The specialty retailer reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.31. The business had revenue of $128.40 million during the quarter, compared to analysts’ expectations of $118.90 million. Build-A-Bear Workshop had a return on equity of 40.74% and a net margin of 10.91%.During the same quarter last year, the business posted $0.82 earnings per share. Sell-side analysts predict that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current year.

Build-A-Bear Workshop Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Thursday, June 26th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, June 26th. Build-A-Bear Workshop’s payout ratio is currently 21.15%.

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.