Harvest Fund Management Co. Ltd Acquires Shares of 36,902 Build-A-Bear Workshop, Inc. (NYSE:BBW)

Harvest Fund Management Co. Ltd acquired a new stake in Build-A-Bear Workshop, Inc. (NYSE:BBW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 36,902 shares of the specialty retailer’s stock, valued at approximately $1,695,000. Harvest Fund Management Co. Ltd owned about 0.27% of Build-A-Bear Workshop as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Build-A-Bear Workshop by 322.8% in the third quarter. JPMorgan Chase & Co. now owns 24,935 shares of the specialty retailer’s stock valued at $857,000 after acquiring an additional 19,038 shares during the last quarter. CWA Asset Management Group LLC bought a new position in shares of Build-A-Bear Workshop during the fourth quarter worth $800,000. State Street Corp boosted its position in shares of Build-A-Bear Workshop by 34.3% during the third quarter. State Street Corp now owns 372,168 shares of the specialty retailer’s stock worth $12,863,000 after purchasing an additional 94,986 shares in the last quarter. De Lisle Partners LLP boosted its position in shares of Build-A-Bear Workshop by 25.9% during the third quarter. De Lisle Partners LLP now owns 732,911 shares of the specialty retailer’s stock worth $25,187,000 after purchasing an additional 150,619 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of Build-A-Bear Workshop during the third quarter worth $282,000. 79.30% of the stock is owned by institutional investors.

Build-A-Bear Workshop Stock Up 2.7 %

Shares of NYSE:BBW opened at $36.97 on Thursday. Build-A-Bear Workshop, Inc. has a 12 month low of $23.63 and a 12 month high of $48.23. The company’s fifty day simple moving average is $39.56 and its 200 day simple moving average is $38.41. The firm has a market cap of $496.85 million, a price-to-earnings ratio of 9.83 and a beta of 1.50.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.07. Build-A-Bear Workshop had a net margin of 10.58% and a return on equity of 38.35%. The business had revenue of $150.45 million for the quarter, compared to analyst estimates of $147.53 million. Research analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current fiscal year.

Build-A-Bear Workshop Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 27th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.38%. This is a positive change from Build-A-Bear Workshop’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, March 27th. Build-A-Bear Workshop’s dividend payout ratio (DPR) is presently 23.10%.

Insider Buying and Selling

In other Build-A-Bear Workshop news, insider J. Christopher Hurt sold 6,210 shares of Build-A-Bear Workshop stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $39.91, for a total value of $247,841.10. Following the sale, the insider now directly owns 43,176 shares in the company, valued at approximately $1,723,154.16. The trade was a 12.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vojin Todorovic sold 5,000 shares of Build-A-Bear Workshop stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $40.08, for a total transaction of $200,400.00. Following the completion of the sale, the chief financial officer now owns 70,695 shares in the company, valued at $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 over the last ninety days. Company insiders own 7.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BBW shares. StockNews.com raised shares of Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research report on Thursday, March 13th. DA Davidson reissued 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. Finally, Northland Securities lifted their price target on shares of 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 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.