Acadian Asset Management LLC Sells 10,151 Shares of Build-A-Bear Workshop, Inc. $BBW

Acadian Asset Management LLC trimmed its position in Build-A-Bear Workshop, Inc. (NYSE:BBW) by 8.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 108,895 shares of the specialty retailer’s stock after selling 10,151 shares during the period. Acadian Asset Management LLC owned about 0.82% of Build-A-Bear Workshop worth $5,613,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of BBW. CSM Advisors LLC acquired a new stake in shares of Build-A-Bear Workshop during the second quarter worth $6,233,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Build-A-Bear Workshop in the second quarter valued at approximately $529,000. Prospera Financial Services Inc bought a new stake in Build-A-Bear Workshop in the 2nd quarter valued at $1,276,000. Bank of New York Mellon Corp boosted its position in shares of Build-A-Bear Workshop by 1.0% during the second quarter. Bank of New York Mellon Corp now owns 181,500 shares of the specialty retailer’s stock worth $9,358,000 after buying an additional 1,854 shares during the period. Finally, Versor Investments LP acquired a new position in Build-A-Bear Workshop during the 2nd quarter worth approximately $382,000. Institutional investors and hedge funds own 79.30% of the company’s stock.

Build-A-Bear Workshop Trading Down 0.3%

Shares of BBW stock opened at $49.36 on Friday. The firm has a market capitalization of $647.95 million, a price-to-earnings ratio of 11.07 and a beta of 0.88. The business’s 50-day moving average price is $61.48 and its 200-day moving average price is $53.67. Build-A-Bear Workshop, Inc. has a 12 month low of $32.55 and a 12 month high of $75.85.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings data on Thursday, March 27th. The specialty retailer reported $1.59 earnings per share (EPS) for the quarter. Build-A-Bear Workshop had a net margin of 11.34% and a return on equity of 41.14%. The business had revenue of $150.45 million during the quarter. On average, sell-side analysts predict that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Wednesday, November 26th. Build-A-Bear Workshop’s payout ratio is 19.73%.

Analysts Set New Price Targets

BBW has been the subject of several analyst reports. Northland Securities raised their price objective on Build-A-Bear Workshop from $60.00 to $80.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Build-A-Bear Workshop in a report on Wednesday, October 8th. DA Davidson increased their target price on Build-A-Bear Workshop from $64.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Wall Street Zen lowered shares of Build-A-Bear Workshop from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 23rd. Finally, Zacks Research cut Build-A-Bear Workshop from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

Insider Buying and Selling at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, Director Craig Leavitt sold 4,000 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $60.61, for a total value of $242,440.00. Following the sale, the director owned 64,142 shares in the company, valued at approximately $3,887,646.62. The trade was a 5.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Vojin Todorovic sold 2,744 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $72.89, for a total value of $200,010.16. Following the completion of the sale, the chief financial officer directly owned 65,247 shares of the company’s stock, valued at approximately $4,755,853.83. The trade was a 4.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 61,387 shares of company stock worth $4,417,721. 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.