Los Angeles Capital Management LLC Sells 15,260 Shares of Build-A-Bear Workshop, Inc. $BBW

Los Angeles Capital Management LLC reduced its position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) by 42.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 20,507 shares of the specialty retailer’s stock after selling 15,260 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Build-A-Bear Workshop were worth $1,057,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. SummerHaven Investment Management LLC lifted its stake in Build-A-Bear Workshop by 1.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 32,275 shares of the specialty retailer’s stock valued at $1,664,000 after acquiring an additional 414 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Build-A-Bear Workshop by 106.1% in the first quarter. AlphaQuest LLC now owns 814 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 419 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Build-A-Bear Workshop by 6.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,533 shares of the specialty retailer’s stock valued at $280,000 after purchasing an additional 456 shares during the last quarter. Quarry LP bought a new stake in shares of Build-A-Bear Workshop in the first quarter worth $28,000. Finally, Rhumbline Advisers boosted its holdings in Build-A-Bear Workshop by 6.0% during the first quarter. Rhumbline Advisers now owns 18,236 shares of the specialty retailer’s stock worth $678,000 after purchasing an additional 1,025 shares during the last quarter. 79.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. DA Davidson raised their target price on shares of Build-A-Bear Workshop from $64.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Wall Street Zen downgraded shares of Build-A-Bear Workshop from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 23rd. Zacks Research downgraded Build-A-Bear Workshop from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Northland Securities upped their target price on Build-A-Bear Workshop from $60.00 to $80.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Build-A-Bear Workshop in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Build-A-Bear Workshop has a consensus rating of “Moderate Buy” and an average target price of $68.00.

Insiders Place Their Bets

In related news, CFO Vojin Todorovic sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $73.25, for a total transaction of $732,500.00. Following the transaction, the chief financial officer directly owned 67,991 shares of the company’s stock, valued at approximately $4,980,340.75. The trade was a 12.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sharon Price John sold 30,000 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $73.25, for a total value of $2,197,500.00. Following the completion of the sale, the chief executive officer owned 261,305 shares in the company, valued at approximately $19,140,591.25. This trade represents a 10.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 61,387 shares of company stock valued at $4,417,721. 5.80% of the stock is owned by insiders.

Build-A-Bear Workshop Price Performance

Shares of BBW opened at $49.58 on Thursday. The company has a market cap of $650.80 million, a PE ratio of 11.12 and a beta of 0.88. The firm has a 50-day moving average of $61.71 and a 200-day moving average of $53.70. Build-A-Bear Workshop, Inc. has a one year low of $32.55 and a one year high of $75.85.

Build-A-Bear Workshop (NYSE:BBW) last issued its earnings results on Thursday, March 27th. The specialty retailer reported $1.59 earnings per share (EPS) for the quarter. The business had revenue of $150.45 million during the quarter. Build-A-Bear Workshop had a net margin of 11.34% and a return on equity of 41.14%. Analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current year.

Build-A-Bear Workshop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Wednesday, November 26th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Wednesday, November 26th. Build-A-Bear Workshop’s payout ratio is currently 19.73%.

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.