Build-A-Bear Workshop, Inc. (NYSE:BBW) – Equities researchers at Jefferies Group raised their FY2017 earnings estimates for shares of Build-A-Bear Workshop in a research report issued to clients and investors on Friday. Jefferies Group analyst S. Wissink now anticipates that the specialty retailer will earn $0.56 per share for the year, up from their previous forecast of $0.54. Jefferies Group has a “Buy” rating and a $12.00 price target on the stock. Jefferies Group also issued estimates for Build-A-Bear Workshop’s Q4 2017 earnings at $0.39 EPS, Q1 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $0.67 EPS, Q1 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.15 EPS and FY2019 earnings at $0.89 EPS.

Build-A-Bear Workshop (NYSE:BBW) last posted its quarterly earnings results on Thursday, October 26th. The specialty retailer reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.01). The firm had revenue of $82.40 million for the quarter, compared to analysts’ expectations of $85.61 million. Build-A-Bear Workshop had a return on equity of 6.38% and a net margin of 0.83%. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.11 earnings per share. ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/30/jefferies-group-weighs-in-on-build-a-bear-workshop-inc-s-fy2017-earnings-bbw.html.

Other research analysts have also issued reports about the stock. Dougherty & Co reduced their target price on shares of Build-A-Bear Workshop from $14.50 to $13.50 and set a “buy” rating for the company in a research note on Friday, July 28th. Zacks Investment Research lowered shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Build-A-Bear Workshop currently has an average rating of “Hold” and a consensus price target of $11.67.

Build-A-Bear Workshop (NYSE BBW) opened at 8.30 on Monday. The stock has a market capitalization of $130.01 million, a PE ratio of 38.43 and a beta of -0.06. The company’s 50-day moving average is $8.82 and its 200 day moving average is $9.69. Build-A-Bear Workshop has a 12-month low of $7.90 and a 12-month high of $15.85.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd raised its holdings in shares of Build-A-Bear Workshop by 200.2% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 36,342 shares of the specialty retailer’s stock worth $380,000 after purchasing an additional 24,235 shares in the last quarter. State Street Corp raised its holdings in shares of Build-A-Bear Workshop by 7.3% in the 2nd quarter. State Street Corp now owns 219,059 shares of the specialty retailer’s stock worth $2,288,000 after purchasing an additional 14,942 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Build-A-Bear Workshop in the 2nd quarter worth approximately $361,000. Tudor Investment Corp ET AL bought a new stake in shares of Build-A-Bear Workshop in the 2nd quarter worth approximately $129,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Build-A-Bear Workshop by 1.2% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 69.44% of the company’s stock.

In related news, major shareholder Point72 Asset Management, L.P. purchased 10,000 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were bought at an average cost of $8.51 per share, for a total transaction of $85,100.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Braden Michael Leonard sold 27,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $9.21, for a total transaction of $248,670.00. Following the sale, the director now owns 142,043 shares in the company, valued at $1,308,216.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 61,000 shares of company stock worth $537,110 and have sold 177,000 shares worth $1,599,746. 17.50% of the stock is currently owned by insiders.

Build-A-Bear Workshop announced that its board has approved a share repurchase 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 purchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.

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

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