Build-A-Bear Workshop (NYSE:BBW) Downgraded to “Hold” Rating by Wall Street Zen

Build-A-Bear Workshop (NYSE:BBW) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other brokerages have also recently issued reports on BBW. Zacks Research cut Build-A-Bear Workshop from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. DA Davidson decreased their price target on Build-A-Bear Workshop from $85.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday. Northland Securities upped their price target on Build-A-Bear Workshop from $60.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Build-A-Bear Workshop in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Build-A-Bear Workshop currently has a consensus rating of “Moderate Buy” and an average price target of $63.00.

Build-A-Bear Workshop Trading Up 2.3%

NYSE:BBW opened at $49.61 on Friday. Build-A-Bear Workshop has a 12-month low of $32.55 and a 12-month high of $75.85. The stock has a fifty day moving average price of $54.48 and a 200 day moving average price of $55.05. The firm has a market cap of $651.43 million, a PE ratio of 11.41 and a beta of 1.01.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings data on Thursday, December 4th. The specialty retailer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.07. The business had revenue of $122.68 million for the quarter, compared to analyst estimates of $124.28 million. Build-A-Bear Workshop had a net margin of 10.93% and a return on equity of 38.62%. During the same period last year, the business earned $0.73 EPS. Equities analysts forecast that Build-A-Bear Workshop will post 3.71 EPS for the current year.

Insider Buying and Selling

In other news, CFO Vojin Todorovic sold 2,744 shares of the business’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $72.89, for a total transaction of $200,010.16. Following the sale, the chief financial officer directly owned 65,247 shares of the company’s stock, valued at $4,755,853.83. The trade was a 4.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lesli Rotenberg sold 1,000 shares of the firm’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $61.34, for a total transaction of $61,340.00. Following the completion of the transaction, the director owned 9,825 shares of the company’s stock, valued at approximately $602,665.50. The trade was a 9.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 61,387 shares of company stock worth $4,417,721 over the last quarter. 5.80% of the stock is currently owned by insiders.

Institutional Trading of Build-A-Bear Workshop

Several large investors have recently made changes to their positions in BBW. XTX Topco Ltd lifted its holdings in Build-A-Bear Workshop by 45.0% in the 1st quarter. XTX Topco Ltd now owns 11,042 shares of the specialty retailer’s stock worth $410,000 after purchasing an additional 3,428 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Build-A-Bear Workshop by 1.4% in the first quarter. Vanguard Group Inc. now owns 995,693 shares of the specialty retailer’s stock valued at $37,010,000 after purchasing an additional 13,713 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Build-A-Bear Workshop by 42.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 65,815 shares of the specialty retailer’s stock worth $2,446,000 after buying an additional 19,743 shares during the last quarter. Cynosure Group LLC bought a new stake in shares of Build-A-Bear Workshop during the 1st quarter worth $313,000. Finally, Nuveen LLC acquired a new position in Build-A-Bear Workshop in the 1st quarter valued at $1,538,000. Institutional investors own 79.30% of the company’s stock.

Build-A-Bear Workshop Company 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.