StockNews.com Downgrades Build-A-Bear Workshop (NYSE:BBW) to Hold

Build-A-Bear Workshop (NYSE:BBW) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Other analysts have also recently issued reports about the company. DA Davidson reiterated a “buy” rating and set a $50.00 price target on shares of Build-A-Bear Workshop in a research report on Friday, March 14th. Northland Securities increased their price target on Build-A-Bear Workshop from $38.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th.

Build-A-Bear Workshop Stock Performance

Shares of NYSE BBW opened at $37.39 on Friday. The firm has a market cap of $502.47 million, a price-to-earnings ratio of 9.94 and a beta of 1.50. Build-A-Bear Workshop has a 1 year low of $23.63 and a 1 year high of $48.23. The stock’s 50-day simple moving average is $39.37 and its 200-day simple moving average is $38.46.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.07. The firm had revenue of $150.45 million during the quarter, compared to analyst estimates of $147.53 million. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. As a group, research analysts predict that Build-A-Bear Workshop will post 3.71 EPS for the current year.

Insider Activity at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, insider J. Christopher Hurt sold 12,635 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $39.53, for a total transaction of $499,461.55. Following the completion of the transaction, the insider now directly owns 49,386 shares of the company’s stock, valued at approximately $1,952,228.58. This trade represents a 20.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vojin Todorovic sold 5,000 shares of the stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $40.08, for a total value of $200,400.00. Following the transaction, the chief financial officer now directly owns 70,695 shares of the company’s stock, valued at approximately $2,833,455.60. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 161,666 shares of company stock worth $7,010,081 in the last three months. 7.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Build-A-Bear Workshop

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC boosted its stake in shares of Build-A-Bear Workshop by 62.7% during the 4th quarter. Squarepoint Ops LLC now owns 18,802 shares of the specialty retailer’s stock worth $866,000 after acquiring an additional 7,245 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of Build-A-Bear Workshop during the 4th quarter worth $585,000. Quantedge Capital Pte Ltd bought a new stake in shares of Build-A-Bear Workshop during the 4th quarter worth $1,750,000. Lazard Asset Management LLC boosted its stake in shares of Build-A-Bear Workshop by 55.6% during the 4th quarter. Lazard Asset Management LLC now owns 55,611 shares of the specialty retailer’s stock worth $2,560,000 after acquiring an additional 19,874 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Build-A-Bear Workshop by 52.9% during the 4th quarter. Deutsche Bank AG now owns 11,888 shares of the specialty retailer’s stock worth $547,000 after acquiring an additional 4,111 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 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.