On August 28, 2023, StockNews.com initiated coverage on Build-A-Bear Workshop in a research note, providing a “buy” rating for the company’s stock. This announcement has generated interest among investors and sparked discussions about the investment potential of the specialty retailer.
Several significant investors have made recent moves regarding their stakes in Build-A-Bear Workshop. Bailard Inc., for example, increased its holdings in the company by 4.9% during the second quarter. As a result, they now own 10,700 shares of the specialty retailer’s stock, valued at approximately $229,000 after acquiring an additional 500 shares.
Victory Capital Management Inc., another notable investor, also demonstrated confidence in Build-A-Bear Workshop by raising its holdings by 5.4% during the same period. They currently possess 12,726 shares of the company’s stock worth around $273,000 after purchasing an additional 649 shares.
In addition to these investors, SummerHaven Investment Management LLC increased its holdings in Build-A-Bear Workshop by 1.5% during the first quarter. This move resulted in their ownership of 50,658 shares with an estimated value of $1,177,000 after purchasing an extra 730 shares.
Moreover, Geode Capital Management LLC added to their stake in Build-A-Bear Workshop as well. During the first quarter of this year, Geode Capital Management LLC purchased an additional 756 shares which led to their current ownership of approximately 247,521 shares valued at $5,752,000.
Lastly, State Street Corp joined other institutional investors in growing its holdings by acquiring an extra 804 shares during the first quarter. Consequently, State Street Corp now owns around 50,239 shares worth $918k.
Taking into account these moves by prominent institutional investors it is important to note that they currently possess around 77.91% of Build-A-Bear Workshop’s stock, indicating a significant backing and confidence in the company’s prospects.
Looking at the stock performance, shares of Build-A-Bear Workshop opened at $25.74 on August 28, 2023. The company’s stock has traded in a range of $12.47 to $30.49 in the past twelve months, displaying both potential lows and highs for investors. With a market capitalization of $374 million, a P/E ratio of 7.46, and a beta of 1.97, Build-A-Bear Workshop is an intriguing investment prospect for many.
The company’s 50-day moving average stands at $23.08, while its 200-day moving average is slightly higher at $22.62. These figures suggest that the stock has been relatively stable and could signify potential stability in the future.
Overall, with StockNews.com issuing a “buy” rating on Build-A-Bear Workshop based on their research note dated August 17th, combined with increased holdings from several large investors, there seems to be positive sentiment surrounding the specialty retailer. However, as with any investment decision, thorough research and analysis are essential to make informed choices based on individual risk tolerance and investment goals.
Build-A-Bear Workshop, Inc.
Updated on: 03/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
10:00 AM (UTC)
Date:01 December, 2023
There are no analysts data to display
Build-A-Bear Workshop’s Q3 Earnings Misses Estimates and Sparks Investor Concern
Build-A-Bear Workshop, Inc. (NYSE:BBW) has recently experienced a decrease in their Q3 2024 earnings per share (EPS) estimates. Small Cap Consu, an analyst firm, has lowered their forecast for the specialty retailer from $0.55 to $0.47 per share for the quarter. This news has led to discussions among investors and clients regarding the company’s financial outlook.
The consensus estimate for Build-A-Bear Workshop’s full-year earnings is currently at $3.52 per share. Small Cap Consu has also provided their estimates for Build-A-Bear Workshop’s future earnings, projecting $3.52 EPS for FY2024 and $3.83 EPS for FY2025.
In terms of investor activity, several large investors have made adjustments to their stakes in Build-A-Bear Workshop. Bailard Inc., for example, increased its holdings by 4.9% during the second quarter, now owning 10,700 shares valued at $229,000 after purchasing an additional 500 shares. Similarly, Victory Capital Management Inc. grew its holdings by 5.4%, acquiring an additional 649 shares worth $273,000.
SummerHaven Investment Management LLC also saw growth in its holdings by 1.5%, adding 730 shares valued at approximately $1,177,000 during the first quarter. Geode Capital Management LLC followed suit with a 0.3% increase in holdings, incorporating an extra 756 shares worth around $5,752,000 from Build-A-Bear Workshop.
State Street Corp wrapped up this series of investor adjustments with a slight growth rate of 1.6%, acquiring an additional 804 shares valued at $918,000 during the first quarter alone.
It is important to note that institutional investors presently hold around 77.91% of the company’s stock.
Further analysis indicates that on August 24th, Build-A-Bear Workshop announced its quarterly earnings data. The specialty retailer reported an EPS of $0.57 for the quarter, surpassing analysts’ consensus estimates of $0.41 by $0.16.
Build-A-Bear Workshop also showcased its strong return on equity at 45.71% and a net margin of 10.63%. The company generated revenue amounting to $109.23 million, exceeding analysts’ expectations of $101.89 million for the quarter.
Comparatively, during the same quarter in the previous year, Build-A-Bear Workshop posted an EPS of $0.38.
In recent news, CFO Vojin Todorovic sold 23,158 shares of Build-A-Bear Workshop stock on August 24th at an average price of $28.50 per share, resulting in a total value of $660,003. Following this transaction, Todorovic now holds 110,493 shares valued at approximately $3,149,050.50.
This sale was disclosed in a document filed with the SEC and can be accessed through the provided hyperlink.
Another sale involving CFO Vojin Todorovic took place on August 24th where he sold 23,158 shares at an average price of $28.50 per share totaling to $660,003. Following this transaction, Todorovic’s holdings reached 110,493 shares valued at approximately $3,149,050.50. This event was also disclosed in a document filed with the Securities & Exchange Commission through the given link.
Additionally, Director George Carrara sold 3,000 shares of Build-A-Bear Workshop stock on June 9th for an average price of $20.54 per share amounting to a total value of $61,620.
Following this transaction, Carrara now possesses 24,073 shares within the company estimated at around $4947 ,459.42. Details regarding this sale can be found in the disclosure provided.
Insiders have played a significant role in recent stock activity, having sold 79,556 shares of Build-A-Bear Workshop stock worth $1,803,306 in the last quarter. As a result, insiders currently hold 11.40% of the company’s stock.
These developments have undoubtedly sparked interest and perplexity among industry analysts and investors. The downward revision of earnings forecasts, combined with insider selling, warrant further examination of Build-A-Bear Workshop’s future performance and market strategy.