Build-A-Bear Workshop, Inc. (NYSE:BBW) Announces Quarterly Earnings Results
Build-A-Bear Workshop, Inc. (NYSE:BBW) issued its quarterly earnings results on Thursday. The specialty retailer reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.05, Bloomberg Earnings reports. Build-A-Bear Workshop had a net margin of 0.17% and a return on equity of 5.28%. The firm had revenue of $77.30 million for the quarter, compared to analysts’ expectations of $78.58 million. During the same period in the previous year, the business earned ($0.28) earnings per share. Build-A-Bear Workshop’s revenue for the quarter was up 2.9% compared to the same quarter last year.
Shares of Build-A-Bear Workshop (BBW) traded down 9.95% during midday trading on Thursday, reaching $9.50. 222,305 shares of the company’s stock traded hands. The firm has a market capitalization of $148.24 million, a P/E ratio of 243.59 and a beta of -0.11. Build-A-Bear Workshop has a 52-week low of $8.05 and a 52-week high of $15.85. The stock’s 50 day moving average price is $10.49 and its 200 day moving average price is $10.30.
BBW has been the topic of several research reports. Dougherty & Co boosted their price target on shares of Build-A-Bear Workshop from $13.50 to $14.50 and gave the stock a “buy” rating in a research report on Friday, April 28th. Zacks Investment Research upgraded shares of Build-A-Bear Workshop from a “hold” rating to a “strong-buy” rating and set a $12.00 price target on the stock in a research report on Monday, May 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.20.
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In other news, major shareholder Point72 Asset Management, L.P. purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were acquired at an average price of $10.70 per share, for a total transaction of $107,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders purchased 142,197 shares of company stock worth $1,515,178. 17.50% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of BBW. Municipal Employees Retirement System of Michigan boosted its position in shares of Build-A-Bear Workshop by 43.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 30,140 shares of the specialty retailer’s stock worth $315,000 after buying an additional 9,090 shares during the period. Strs Ohio boosted its position in shares of Build-A-Bear Workshop by 6.1% in the second quarter. Strs Ohio now owns 39,900 shares of the specialty retailer’s stock worth $416,000 after buying an additional 2,300 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Build-A-Bear Workshop during the first quarter worth about $20,722,000. potrero capital research llc boosted its position in shares of 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 buying an additional 44,164 shares during the period. Finally, Cannell Capital LLC boosted its position in shares of Build-A-Bear Workshop by 3.5% in the first quarter. Cannell Capital LLC now owns 793,261 shares of the specialty retailer’s stock worth $7,020,000 after buying an additional 26,533 shares during the period. Hedge funds and other institutional investors own 71.38% of the company’s stock.
Build-A-Bear Workshop Company Profile
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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