$85.47 Million in Sales Expected for Build-A-Bear Workshop, Inc. (BBW) This Quarter

Analysts expect Build-A-Bear Workshop, Inc. (NYSE:BBW) to post sales of $85.47 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Build-A-Bear Workshop’s earnings, with the lowest sales estimate coming in at $84.84 million and the highest estimate coming in at $86.10 million. Build-A-Bear Workshop reported sales of $83.75 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.1%. The business is scheduled to announce its next earnings report on Thursday, October 26th.

According to Zacks, analysts expect that Build-A-Bear Workshop will report full year sales of $85.47 million for the current year, with estimates ranging from $365.06 million to $366.80 million. For the next financial year, analysts anticipate that the company will post sales of $376.59 million per share, with estimates ranging from $371.20 million to $381.97 million. Zacks’ sales averages are an average based on a survey of research analysts that cover Build-A-Bear Workshop.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings data on Thursday, July 27th. The specialty retailer reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.05. The company had revenue of $77.30 million during the quarter, compared to the consensus estimate of $78.58 million. Build-A-Bear Workshop had a return on equity of 7.20% and a net margin of 0.94%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.28) EPS.

Several brokerages recently issued reports on BBW. Zacks Investment Research downgraded Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Jefferies Group LLC began coverage on Build-A-Bear Workshop in a report on Wednesday, September 13th. They set a “buy” rating and a $12.00 price target for the company. Finally, Dougherty & Co decreased their price target on Build-A-Bear Workshop from $14.50 to $13.50 and set a “buy” rating for the company in a report on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Build-A-Bear Workshop presently has an average rating of “Buy” and an average price target of $11.67.

In other Build-A-Bear Workshop news, major shareholder Point72 Asset Management, L.P. acquired 10,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were acquired at an average price of $8.51 per share, with a total value of $85,100.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Braden Michael Leonard sold 22,381 shares of the business’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $9.02, for a total value of $201,876.62. The disclosure for this sale can be found here. In the last three months, insiders acquired 61,000 shares of company stock worth $537,110 and sold 177,000 shares worth $1,599,746. 17.50% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. purchased a new position in Build-A-Bear Workshop in the first quarter worth $20,722,000. Dimensional Fund Advisors LP boosted its position in Build-A-Bear Workshop by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,348,330 shares of the specialty retailer’s stock worth $14,090,000 after purchasing an additional 16,237 shares during the last quarter. Vanguard Group Inc. boosted its position in Build-A-Bear Workshop by 3.8% in the second quarter. Vanguard Group Inc. now owns 638,580 shares of the specialty retailer’s stock worth $6,673,000 after purchasing an additional 23,600 shares during the last quarter. Signia Capital Management LLC boosted its position in Build-A-Bear Workshop by 3.2% in the second quarter. Signia Capital Management LLC now owns 508,291 shares of the specialty retailer’s stock worth $5,312,000 after purchasing an additional 15,707 shares during the last quarter. Finally, potrero capital research llc boosted its position in Build-A-Bear Workshop by 9.8% in the first quarter. potrero capital research llc now owns 495,835 shares of the specialty retailer’s stock worth $4,388,000 after purchasing an additional 44,164 shares during the last quarter. 68.40% of the stock is currently owned by institutional investors and hedge funds.

Build-A-Bear Workshop (NYSE:BBW) traded up 1.16% during midday trading on Monday, hitting $8.75. The stock had a trading volume of 53,596 shares. The stock has a market capitalization of $137.06 million, a PE ratio of 40.51 and a beta of -0.06. The stock’s 50-day moving average is $9.03 and its 200-day moving average is $9.72. Build-A-Bear Workshop has a 1-year low of $8.05 and a 1-year high of $15.85.

Build-A-Bear Workshop declared that its board has authorized a stock buyback program on Monday, August 21st that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc is primarily a specialty retailer offering a make your own stuffed animal interactive retail-entertainment experience. The Company’s segments include direct-to-consumer (DTC), international franchising and commercial. The DTC segment includes the activities of Company-owned stores in the United States, Canada, the United Kingdom, Ireland and Denmark, and other retail delivery operations, including its e-commerce sites and temporary stores.

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Earnings History and Estimates for Build-A-Bear Workshop (NYSE:BBW)

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