On August 17, 2023, investment analysts at StockNews.com began coverage on shares of Build-A-Bear Workshop (NYSE:BBW), a specialty retailer, in a research note. In their note, the firm set a “buy” rating on the stock, indicating positive expectations for its performance.
Shares of BBW stock opened at $25.75 on Thursday. The stock’s fifty-day simple moving average is $22.46 and its 200-day simple moving average is $22.57. It is worth noting that Build-A-Bear Workshop has experienced a range of prices over the past year, with a twelve-month low of $12.47 and a twelve-month high of $26.87.
Build-A-Bear Workshop operates as a multi-channel retailer of plush animals and related products in various countries including the United States, Canada, the United Kingdom, Ireland, and internationally. The company offers a wide range of merchandise which includes various styles of plush products to be stuffed or pre-stuffed, sounds and scents that can be added to the stuffed animals, clothing, shoes and accessories, as well as other toy and novelty items like family sleepwear.
In other news related to Build-A-Bear Workshop, Director George Carrara recently sold 3,000 shares of the company’s stock in a transaction that occurred on June 9th at an average price of $20.54 per share. This sale amounted to a total value of $61,620.00. Following this transaction, Carrara now holds 24,073 shares in the company with an approximate value of $494,459.42.
Additionally, CEO Sharon Price John sold 16,000 shares of BBW stock on June 23rd at an average price of $20.25 per share. This resulted in a total value of $324,000.00 for the transaction. After completing this sale, the chief executive officer now owns 602,781 shares of Build-A-Bear Workshop stock with a value of approximately $12,206,315.25.
It is important to note that these transactions were disclosed in documents filed with the Securities & Exchange Commission (SEC) and can be accessed on the SEC website through provided hyperlinks. Furthermore, another sale of 3,000 shares by Director George Carrara was also reported in June.
Over the last three months, insiders have sold a total of 56,398 shares of Build-A-Bear Workshop stock valued at $1,143,303. This represents approximately 11.40% of the company’s outstanding shares being owned by corporate insiders.
Overall, the coverage initiated by investment analysts at StockNews.com and the recent stock transactions by insiders provide valuable insights into the performance and confidence surrounding Build-A-Bear Workshop. Investors may find this information useful when considering their own investment strategies for BBW stock.
Build-A-Bear Workshop, Inc.
Updated on: 05/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
1:00 PM (UTC)
Date:04 December, 2023
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Build-A-Bear Workshop Faces Investor Uncertainty Despite Positive Metrics
Build-A-Bear Workshop, the specialty retailer, recently unveiled its latest earnings results on May 25th. The company reported earnings per share (EPS) of $0.98 for the quarter, falling short of analysts’ consensus estimates by a margin of ($0.03). This disappointing performance has left investors perplexed about the future prospects of the company.
Despite falling short on EPS, Build-A-Bear Workshop did manage to achieve a return on equity (ROE) of 44.90% and a net margin of 10.29%. However, these positive numbers failed to compensate for the lower-than-expected revenue of $120.05 million in comparison to analysts’ projections of $124.24 million. It is worth noting that in the same period last year, the company earned $0.89 per share.
Institutional investors have taken notice of these results and made modifications to their holdings in Build-A-Bear Workshop. Cannell Capital LLC, for example, increased its stake by 29.9% during the first quarter, taking ownership of 1,670,230 shares valued at $30,532,000 after acquiring an additional 384,649 shares.
Dimensional Fund Advisors LP also saw potential in Build-A-Bear Workshop and lifted its position by 1.8% during the third quarter, now owning 994,032 shares worth $13,250,000 after purchasing an additional 17,173 shares.
BlackRock Inc., another institutional investor who recognized opportunity amidst uncertainty, increased its holdings by 1.9% during the second quarter. The company now owns 884,266 shares valued at $18,941,000 after purchasing an additional 16,228 shares.
Vanguard Group Inc., a prominent player in investment management services, took steps to raise its stake in Build-A-Bear Workshop as well. The firm increased its holdings by 3.5% during the third quarter, now owning 727,478 shares worth $9,698,000 after purchasing an additional 24,274 shares.
Chimera Capital Management LLC entered the picture during the fourth quarter by acquiring a new stake valued at approximately $11,803,000.
It is important to note that these institutional investors currently hold 77.91% of the stock in Build-A-Bear Workshop. Their increased holdings indicate a certain level of confidence they have in the company’s ability to rebound from its recent setbacks.
As we progress further into the fiscal year, analysts anticipate that Build-A-Bear Workshop will post earnings per share (EPS) of 3.46. This projection reflects cautious optimism about the future performance of the specialty retailer.
In conclusion, Build-A-Bear Workshop’s latest earnings report has left both investors and analysts perplexed. The disappointing EPS results have raised concerns about the company’s ability to meet market expectations. However, several institutional investors have demonstrated their confidence in Build-A-Bear Workshop by increasing their holdings in the company. Only time will tell if their optimism is justified as we move forward through the current fiscal year.