Build-A-Bear Workshop (NYSE:BBW) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $56.77 and traded as high as $66.38. Build-A-Bear Workshop shares last traded at $65.35, with a volume of 332,904 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BBW. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Build-A-Bear Workshop in a research note on Tuesday, December 23rd. DA Davidson lowered their price objective on Build-A-Bear Workshop from $85.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, December 5th. CJS Securities initiated coverage on Build-A-Bear Workshop in a research report on Wednesday, December 10th. They issued a “market outperform” rating and a $70.00 target price on the stock. Zacks Research cut Build-A-Bear Workshop from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Wall Street Zen lowered shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $64.75.

Build-A-Bear Workshop Trading Up 1.2%

The stock’s 50-day moving average price is $53.96 and its 200-day moving average price is $56.77. The company has a market capitalization of $846.28 million, a P/E ratio of 15.02 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. Build-A-Bear Workshop had a net margin of 10.93% and a return on equity of 38.43%. The business had revenue of $122.68 million during the quarter, compared to the consensus estimate of $124.28 million. During the same quarter in the prior year, the firm earned $0.73 EPS. Sell-side analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, November 26th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Wednesday, November 26th. Build-A-Bear Workshop’s dividend payout ratio is presently 20.23%.

Insider Transactions at Build-A-Bear Workshop

In related news, Director Lesli Rotenberg sold 1,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $602,665.50. The trade was a 9.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Build-A-Bear Workshop

A number of hedge funds have recently added to or reduced their stakes in BBW. Thrivent Financial for Lutherans grew its position in shares of Build-A-Bear Workshop by 22.0% during the third quarter. Thrivent Financial for Lutherans now owns 917,479 shares of the specialty retailer’s stock worth $59,828,000 after acquiring an additional 165,159 shares during the last quarter. American Century Companies Inc. boosted its stake in Build-A-Bear Workshop by 6.7% during the 3rd quarter. American Century Companies Inc. now owns 535,791 shares of the specialty retailer’s stock valued at $34,939,000 after purchasing an additional 33,445 shares during the period. Geode Capital Management LLC boosted its stake in Build-A-Bear Workshop by 2.4% during the 2nd quarter. Geode Capital Management LLC now owns 318,688 shares of the specialty retailer’s stock valued at $16,434,000 after purchasing an additional 7,428 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Build-A-Bear Workshop by 3.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 307,662 shares of the specialty retailer’s stock worth $20,063,000 after purchasing an additional 9,221 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Build-A-Bear Workshop by 17.7% in the third quarter. Qube Research & Technologies Ltd now owns 271,520 shares of the specialty retailer’s stock valued at $17,706,000 after purchasing an additional 40,743 shares during the period. 79.30% of the stock is currently owned by institutional investors.

Build-A-Bear Workshop Company Profile

Build-A-Bear Workshop, Inc operates a specialty retail business focused on interactive “workshop” experiences that allow customers to create customized stuffed animals. Through its in-store and online platforms, the company offers a wide range of plush toys, apparel, accessories and sound modules, enabling guests to personalize each creation. In addition to its core bear products, Build-A-Bear has expanded its portfolio to include licensed characters from leading entertainment and media franchises.

Founded in 1997 by Maxine Clark and headquartered in St.