Build-A-Bear Workshop, Inc. (NYSE:BBW) Receives $64.75 Average Target Price from Brokerages

Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $64.75.

A number of brokerages have issued reports on BBW. CJS Securities began coverage on shares of Build-A-Bear Workshop in a research report on Wednesday, December 10th. They issued a “market outperform” rating and a $70.00 price objective for the company. Wall Street Zen lowered Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Build-A-Bear Workshop in a research report on Tuesday, December 23rd. Zacks Research cut Build-A-Bear Workshop from a “hold” rating to a “strong sell” rating in a research note on Monday, February 2nd. Finally, DA Davidson cut their price target on shares of Build-A-Bear Workshop from $85.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, December 5th.

Build-A-Bear Workshop Stock Performance

BBW stock opened at $55.51 on Thursday. The business has a 50-day simple moving average of $59.71 and a two-hundred day simple moving average of $58.49. The company has a market capitalization of $718.85 million, a P/E ratio of 12.76 and a beta of 1.07. Build-A-Bear Workshop has a 52-week low of $32.55 and a 52-week high of $75.85.

Build-A-Bear Workshop (NYSE:BBW) last posted its earnings results 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 company had revenue of $122.68 million for the quarter, compared to analyst estimates of $124.28 million. Build-A-Bear Workshop had a return on equity of 38.43% and a net margin of 10.93%.During the same quarter last year, the company earned $0.73 earnings per share. As a group, sell-side analysts forecast that Build-A-Bear Workshop 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 was paid on Thursday, January 8th. Investors of record on Wednesday, November 26th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Wednesday, November 26th. Build-A-Bear Workshop’s dividend payout ratio is presently 20.23%.

Hedge Funds Weigh In On Build-A-Bear Workshop

Large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans boosted its stake in Build-A-Bear Workshop by 22.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 917,479 shares of the specialty retailer’s stock worth $59,828,000 after purchasing an additional 165,159 shares during the period. American Century Companies Inc. boosted its position in shares of 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 acquiring an additional 33,445 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Build-A-Bear Workshop by 2.4% during the second quarter. Geode Capital Management LLC now owns 318,688 shares of the specialty retailer’s stock worth $16,434,000 after purchasing an additional 7,428 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Build-A-Bear Workshop by 3.1% in the third 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 raised its stake in 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 in the last quarter. 79.30% of the stock is 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.