Victory Capital Management Inc. Sells 2,507 Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW)

Victory Capital Management Inc. lessened its stake in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) by 10.9% in the 3rd quarter, Holdings Channel reports. The firm owned 20,422 shares of the specialty retailer’s stock after selling 2,507 shares during the period. Victory Capital Management Inc.’s holdings in Build-A-Bear Workshop were worth $702,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Koss Olinger Consulting LLC lifted its position in shares of Build-A-Bear Workshop by 1.3% in the third quarter. Koss Olinger Consulting LLC now owns 20,186 shares of the specialty retailer’s stock worth $694,000 after buying an additional 259 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in Build-A-Bear Workshop by 1.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 34,467 shares of the specialty retailer’s stock worth $871,000 after acquiring an additional 469 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Build-A-Bear Workshop by 3.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 23,483 shares of the specialty retailer’s stock worth $807,000 after acquiring an additional 754 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Build-A-Bear Workshop by 17.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,812 shares of the specialty retailer’s stock valued at $201,000 after acquiring an additional 871 shares during the last quarter. Finally, Fortitude Family Office LLC grew its holdings in shares of Build-A-Bear Workshop by 705.8% in the third quarter. Fortitude Family Office LLC now owns 1,104 shares of the specialty retailer’s stock valued at $38,000 after purchasing an additional 967 shares in the last quarter. Institutional investors own 79.30% of the company’s stock.

Build-A-Bear Workshop Price Performance

Shares of BBW stock opened at $38.14 on Friday. The company has a market cap of $515.65 million, a PE ratio of 10.71 and a beta of 1.54. The stock’s 50 day simple moving average is $36.12 and its two-hundred day simple moving average is $30.59. Build-A-Bear Workshop, Inc. has a 1 year low of $21.24 and a 1 year high of $40.13.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.07. The company had revenue of $111.80 million for the quarter, compared to analyst estimates of $107.90 million. Build-A-Bear Workshop had a return on equity of 37.81% and a net margin of 10.36%. During the same quarter in the prior year, the firm posted $0.57 EPS. Equities research analysts expect that Build-A-Bear Workshop, Inc. will post 3.72 EPS for the current year.

Build-A-Bear Workshop declared that its Board of Directors has approved a share buyback program on Wednesday, September 11th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to repurchase up to 23.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Build-A-Bear Workshop Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, November 27th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, November 27th. Build-A-Bear Workshop’s dividend payout ratio is currently 22.47%.

Insider Transactions at Build-A-Bear Workshop

In related news, Director George Carrara sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $36.27, for a total transaction of $90,675.00. Following the completion of the sale, the director now directly owns 18,421 shares of the company’s stock, valued at approximately $668,129.67. This trade represents a 11.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Eric R. Fencl sold 17,274 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $35.05, for a total value of $605,453.70. Following the completion of the sale, the chief accounting officer now owns 137,078 shares in the company, valued at approximately $4,804,583.90. The trade was a 11.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,734 shares of company stock worth $4,510,217. 7.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Northland Securities boosted their target price on shares of Build-A-Bear Workshop from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Friday, August 30th.

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.