Miller Value Partners LLC Purchases New Stake in Build-A-Bear Workshop, Inc. $BBW

Miller Value Partners LLC acquired a new position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 133,567 shares of the specialty retailer’s stock, valued at approximately $4,088,000. Build-A-Bear Workshop accounts for about 1.0% of Miller Value Partners LLC’s investment portfolio, making the stock its 29th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in BBW. BlackRock Inc. acquired a new stake in shares of Build-A-Bear Workshop during the second quarter worth $30,481,000. Paradigm Capital Management Inc. NY acquired a new position in shares of Build-A-Bear Workshop in the 2nd quarter valued at about $30,136,000. De Lisle Partners LLP acquired a new position in shares of Build-A-Bear Workshop in the 2nd quarter valued at about $23,466,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Build-A-Bear Workshop by 177.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 612,577 shares of the specialty retailer’s stock valued at $37,533,000 after buying an additional 392,039 shares during the period. Finally, State Street Corp grew its position in shares of Build-A-Bear Workshop by 28.1% during the 4th quarter. State Street Corp now owns 391,646 shares of the specialty retailer’s stock valued at $24,072,000 after buying an additional 85,871 shares during the last quarter. Institutional investors and hedge funds own 79.30% of the company’s stock.

Build-A-Bear Workshop Price Performance

Shares of NYSE BBW opened at $39.30 on Wednesday. Build-A-Bear Workshop, Inc. has a 1-year low of $29.35 and a 1-year high of $75.85. The business’s fifty day moving average price is $34.25 and its two-hundred day moving average price is $38.35. The firm has a market capitalization of $492.88 million, a PE ratio of 9.20 and a beta of 1.10.

Build-A-Bear Workshop (NYSE:BBW) last posted its earnings results on Thursday, May 28th. The specialty retailer reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.27. Build-A-Bear Workshop had a return on equity of 32.15% and a net margin of 10.48%.The company had revenue of $125.27 million for the quarter, compared to analysts’ expectations of $129.45 million. Equities research analysts expect that Build-A-Bear Workshop, Inc. will post 4.04 earnings per share for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, June 25th. Build-A-Bear Workshop’s payout ratio is presently 21.55%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. DA Davidson reiterated a “buy” rating and set a $60.00 price objective on shares of Build-A-Bear Workshop in a research note on Friday, May 29th. Weiss Ratings restated a “hold (c)” rating on shares of Build-A-Bear Workshop in a research note on Monday, August 17th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.00.

Insider Transactions at Build-A-Bear Workshop

In other Build-A-Bear Workshop news, Director George Carrara sold 3,000 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $34.52, for a total value of $103,560.00. Following the completion of the transaction, the director owned 11,277 shares in the company, valued at approximately $389,282.04. This represents a 21.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sharon Price John sold 6,818 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $40.03, for a total transaction of $272,924.54. Following the completion of the sale, the director owned 181,653 shares in the company, valued at $7,271,569.59. The trade was a 3.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.00% of the company’s stock.

Build-A-Bear Workshop Company Profile

Build-A-Bear Workshop, Inc operates a specialty retail business focused on interactive “workshop” experiences that allow customers to create customized stuffed animals. Through its in-store and online platforms, the company offers a wide range of plush toys, apparel, accessories and sound modules, enabling guests to personalize each creation. In addition to its core bear products, Build-A-Bear has expanded its portfolio to include licensed characters from leading entertainment and media franchises.

Founded in 1997 by Maxine Clark and headquartered in St.