North Star Investment Management Corp. decreased its position in Build-A-Bear Workshop, Inc. (NYSE:BBW) by 12.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 203,800 shares of the specialty retailer’s stock after selling 29,050 shares during the period. North Star Investment Management Corp. owned about 1.31% of Build-A-Bear Workshop worth $2,130,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the company. Two Sigma Investments LP purchased a new stake in shares of Build-A-Bear Workshop during the fourth quarter worth approximately $164,000. Russell Investments Group Ltd. purchased a new stake in shares of Build-A-Bear Workshop during the fourth quarter worth approximately $2,393,000. Federated Investors Inc. PA boosted its stake in shares of Build-A-Bear Workshop by 5.0% in the fourth quarter. Federated Investors Inc. PA now owns 18,484 shares of the specialty retailer’s stock worth $254,000 after buying an additional 872 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Build-A-Bear Workshop during the first quarter worth approximately $20,722,000. Finally, State Street Corp boosted its stake in shares of Build-A-Bear Workshop by 5.2% in the fourth quarter. State Street Corp now owns 203,083 shares of the specialty retailer’s stock worth $2,794,000 after buying an additional 10,000 shares in the last quarter. 71.00% of the stock is owned by institutional investors.
Build-A-Bear Workshop, Inc. (BBW) opened at 9.65 on Friday. The stock has a 50 day moving average price of $10.35 and a 200 day moving average price of $10.17. Build-A-Bear Workshop, Inc. has a one year low of $8.05 and a one year high of $15.85. The firm has a market cap of $150.80 million, a PE ratio of 44.47 and a beta of -0.13.
Build-A-Bear Workshop (NYSE:BBW) last announced its earnings results on Thursday, July 27th. The specialty retailer reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.05. Build-A-Bear Workshop had a net margin of 0.94% and a return on equity of 7.25%. The business had revenue of $77.30 million during the quarter, compared to the consensus estimate of $78.58 million. During the same quarter in the prior year, the firm earned ($0.28) earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities research analysts expect that Build-A-Bear Workshop, Inc. will post $0.48 EPS for the current year.
A number of analysts have commented on BBW shares. Zacks Investment Research raised Build-A-Bear Workshop from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research report on Monday, May 1st. Dougherty & Co boosted their price objective on Build-A-Bear Workshop from $13.50 to $14.50 and gave the company a “buy” rating in a report on Friday, April 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $12.00.
In other Build-A-Bear Workshop news, major shareholder Point72 Asset Management, L.P. bought 23,194 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was acquired at an average price of $10.65 per share, for a total transaction of $247,016.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 142,197 shares of company stock valued at $1,515,178 in the last quarter. Insiders own 17.50% of the company’s stock.
About Build-A-Bear Workshop
Build-A-Bear Workshop, Inc is primarily a specialty retailer offering a make your own stuffed animal interactive retail-entertainment experience. The Company’s segments include direct-to-consumer (DTC), international franchising and commercial. The DTC segment includes the activities of Company-owned stores in the United States, Canada, the United Kingdom, Ireland and Denmark, and other retail delivery operations, including its e-commerce sites and temporary stores.
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