Build-A-Bear Workshop (NYSE:BBW) Releases Quarterly Earnings Results, Beats Expectations By $0.27 EPS

Build-A-Bear Workshop (NYSE:BBW) announced its earnings results on Thursday. The specialty retailer reported $1.03 EPS for the quarter, topping the consensus estimate of $0.76 by $0.27, FiscalAI reports. The business had revenue of $125.27 million during the quarter, compared to the consensus estimate of $129.45 million. Build-A-Bear Workshop had a net margin of 9.85% and a return on equity of 34.25%.

Build-A-Bear Workshop Stock Up 0.3%

BBW opened at $37.78 on Thursday. Build-A-Bear Workshop has a twelve month low of $34.08 and a twelve month high of $75.85. The company has a 50-day simple moving average of $37.87 and a 200 day simple moving average of $48.70. The stock has a market capitalization of $475.23 million, a price-to-earnings ratio of 9.47 and a beta of 1.06.

Build-A-Bear Workshop Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 26th were given a dividend of $0.23 per share. This is a positive change from Build-A-Bear Workshop’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, March 26th. Build-A-Bear Workshop’s dividend payout ratio (DPR) is currently 23.06%.

Institutional Investors Weigh In On Build-A-Bear Workshop

Institutional investors and hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in Build-A-Bear Workshop during the fourth quarter worth about $28,000. IFP Advisors Inc lifted its position in Build-A-Bear Workshop by 68.1% during the third quarter. IFP Advisors Inc now owns 501 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 203 shares during the period. Larson Financial Group LLC lifted its position in Build-A-Bear Workshop by 453.1% during the third quarter. Larson Financial Group LLC now owns 542 shares of the specialty retailer’s stock worth $35,000 after purchasing an additional 444 shares during the period. Canada Pension Plan Investment Board bought a new stake in Build-A-Bear Workshop during the second quarter worth about $57,000. Finally, Wexford Capital LP bought a new stake in Build-A-Bear Workshop during the third quarter worth about $69,000. Institutional investors own 79.30% of the company’s stock.

Analysts Set New Price Targets

BBW has been the topic of several research reports. Zacks Research upgraded shares of Build-A-Bear Workshop from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Weiss Ratings downgraded shares of Build-A-Bear Workshop from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 20th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Build-A-Bear Workshop has a consensus rating of “Moderate Buy” and an average target price of $73.33.

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.