Build-A-Bear Workshop (NYSE:BBW) Reaches New 52-Week High on Earnings Beat

Build-A-Bear Workshop, Inc. (NYSE:BBW)’s share price hit a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $55.57 and last traded at $49.51, with a volume of 138359 shares. The stock had previously closed at $42.78.

The specialty retailer reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.31. Build-A-Bear Workshop had a return on equity of 38.35% and a net margin of 10.58%. The business had revenue of $128.40 million during the quarter, compared to the consensus estimate of $118.90 million. During the same quarter last year, the firm posted $0.82 EPS.

Build-A-Bear Workshop Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 27th were given a $0.22 dividend. The ex-dividend date was Thursday, March 27th. This is a positive change from Build-A-Bear Workshop’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a dividend yield of 1.69%. Build-A-Bear Workshop’s dividend payout ratio is presently 23.10%.

Analysts Set New Price Targets

BBW has been the subject of several research analyst reports. Piper Sandler lifted their target price on shares of Build-A-Bear Workshop from $35.00 to $39.00 and gave the stock an “overweight” rating in a report on Thursday, May 15th. Wall Street Zen cut Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, DA Davidson upgraded Build-A-Bear Workshop to a “strong-buy” rating in a research note on Thursday, May 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP bought a new stake in shares of Build-A-Bear Workshop in the first quarter valued at approximately $28,000. AlphaQuest LLC increased its stake in Build-A-Bear Workshop by 106.1% during the 1st quarter. AlphaQuest LLC now owns 814 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 419 shares during the period. New York State Teachers Retirement System acquired a new position in Build-A-Bear Workshop in the 4th quarter valued at $53,000. Tower Research Capital LLC TRC raised its holdings in Build-A-Bear Workshop by 494.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the specialty retailer’s stock valued at $78,000 after acquiring an additional 1,405 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Build-A-Bear Workshop by 26.0% during the 4th quarter. Legal & General Group Plc now owns 3,793 shares of the specialty retailer’s stock valued at $175,000 after acquiring an additional 783 shares during the period. Institutional investors and hedge funds own 79.30% of the company’s stock.

Build-A-Bear Workshop Stock Performance

The company has a market capitalization of $689.45 million, a price-to-earnings ratio of 13.88 and a beta of 0.54. The firm has a fifty day moving average price of $38.11 and a 200-day moving average price of $39.59.

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.