Build-A-Bear Workshop, Inc. (NYSE:BBW) Declares Dividend Increase – $0.22 Per Share

Build-A-Bear Workshop, Inc. (NYSE:BBW) declared a quarterly dividend on Wednesday, March 12th, RTT News reports. Shareholders of record on Thursday, March 27th will be given a dividend of 0.22 per share by the specialty retailer on Thursday, April 10th. This represents a $0.88 dividend on an annualized basis and a yield of 2.48%. This is a 10.0% increase from Build-A-Bear Workshop’s previous quarterly dividend of $0.20.

Build-A-Bear Workshop Stock Down 1.6 %

Shares of NYSE:BBW traded down $0.56 during trading on Wednesday, reaching $35.53. 639,222 shares of the company traded hands, compared to its average volume of 274,742. Build-A-Bear Workshop has a 52 week low of $23.63 and a 52 week high of $48.23. The firm has a market capitalization of $477.48 million, a PE ratio of 9.45 and a beta of 1.50. The company’s 50 day moving average is $40.68 and its two-hundred day moving average is $38.23.

Insider Transactions at Build-A-Bear Workshop

In related news, CEO Sharon Price John sold 68,859 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $46.06, for a total transaction of $3,171,645.54. Following the sale, the chief executive officer now owns 347,820 shares in the company, valued at $16,020,589.20. The trade was a 16.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Vojin Todorovic sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $40.08, for a total value of $200,400.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 164,166 shares of company stock valued at $7,113,481. 7.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on BBW shares. DA Davidson raised their target price on shares of Build-A-Bear Workshop from $40.00 to $50.00 and gave the company a “buy” rating in a report on Friday, December 6th. StockNews.com downgraded shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Northland Securities raised their target price on Build-A-Bear Workshop from $38.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, December 6th.

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.