Build-A-Bear Workshop, Inc. (BBW) to Issue Quarterly Dividend of $0.23 on July 9th

Build-A-Bear Workshop, Inc. (NYSE:BBW) announced a quarterly dividend on Thursday, June 11th. Stockholders of record on Thursday, June 25th will be paid a dividend of 0.23 per share by the specialty retailer on Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Thursday, June 25th.

Build-A-Bear Workshop has a payout ratio of 21.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Build-A-Bear Workshop to earn $4.31 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 21.3%.

Build-A-Bear Workshop Stock Performance

Shares of Build-A-Bear Workshop stock opened at $32.16 on Friday. The firm’s 50-day simple moving average is $36.84 and its 200-day simple moving average is $47.55. Build-A-Bear Workshop has a twelve month low of $32.05 and a twelve month high of $75.85. The firm has a market cap of $404.59 million, a P/E ratio of 7.53 and a beta of 1.07.

Build-A-Bear Workshop (NYSE:BBW) last issued its earnings results on Thursday, May 28th. The specialty retailer reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.27. Build-A-Bear Workshop had a net margin of 10.48% and a return on equity of 32.43%. The business had revenue of $125.27 million for the quarter, compared to analyst estimates of $129.45 million. On average, equities analysts forecast that Build-A-Bear Workshop will post 4.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Build-A-Bear Workshop news, Director George Carrara sold 3,000 shares of the business’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 transaction, the director directly owned 11,277 shares in the company, valued at $389,282.04. The trade was a 21.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Build-A-Bear Workshop

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Militia Capital Management LLC acquired a new position in Build-A-Bear Workshop in the first quarter valued at about $303,000. Bank of America Corp DE boosted its position in Build-A-Bear Workshop by 14.1% in the first quarter. Bank of America Corp DE now owns 133,398 shares of the specialty retailer’s stock valued at $4,996,000 after buying an additional 16,453 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Build-A-Bear Workshop in the first quarter valued at about $240,000. Royal Bank of Canada boosted its position in Build-A-Bear Workshop by 316.3% in the first quarter. Royal Bank of Canada now owns 4,259 shares of the specialty retailer’s stock valued at $159,000 after buying an additional 3,236 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in Build-A-Bear Workshop in the first quarter valued at about $239,000. 79.30% of the stock is currently owned by institutional investors and hedge funds.

About Build-A-Bear Workshop

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.