Insider Selling: Build-A-Bear Workshop, Inc. (BBW) Director Sells $719,200.00 in Stock

Build-A-Bear Workshop, Inc. (NYSE:BBW) Director Braden Michael Leonard sold 80,000 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $8.99, for a total transaction of $719,200.00. Following the sale, the director now directly owns 149,520 shares in the company, valued at approximately $1,344,184.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Build-A-Bear Workshop, Inc. (BBW) opened at 8.95 on Thursday. The company has a market cap of $140.19 million, a PE ratio of 41.44 and a beta of -0.09. Build-A-Bear Workshop, Inc. has a one year low of $8.05 and a one year high of $15.85. The firm’s 50-day moving average is $9.00 and its 200-day moving average is $9.68.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings results on Thursday, July 27th. The specialty retailer reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. The business had revenue of $77.30 million for the quarter, compared to analysts’ expectations of $78.58 million. Build-A-Bear Workshop had a net margin of 0.94% and a return on equity of 7.20%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.28) EPS. On average, equities analysts anticipate that Build-A-Bear Workshop, Inc. will post $0.53 EPS for the current year.

Build-A-Bear Workshop declared that its Board of Directors has authorized a stock buyback program on Monday, August 21st that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the specialty retailer to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

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BBW has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Build-A-Bear Workshop from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Dougherty & Co lowered their target price on shares of Build-A-Bear Workshop from $14.50 to $13.50 and set a “buy” rating on the stock in a report on Friday, July 28th. Finally, Jefferies Group LLC initiated coverage on shares of Build-A-Bear Workshop in a report on Wednesday, September 13th. They set a “buy” rating and a $12.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $11.67.

Institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new position in shares of Build-A-Bear Workshop during the 1st quarter worth $108,000. Tudor Investment Corp ET AL purchased a new position in shares of Build-A-Bear Workshop during the 2nd quarter worth $129,000. Trexquant Investment LP purchased a new position in shares of Build-A-Bear Workshop during the 1st quarter worth $129,000. Parametric Portfolio Associates LLC boosted its stake in shares of Build-A-Bear Workshop by 15.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 14,805 shares of the specialty retailer’s stock worth $155,000 after acquiring an additional 1,978 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Build-A-Bear Workshop by 2.6% during the 2nd quarter. Rhumbline Advisers now owns 16,259 shares of the specialty retailer’s stock worth $170,000 after acquiring an additional 415 shares during the last quarter. Institutional investors and hedge funds own 68.40% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Build-A-Bear Workshop (NYSE:BBW)

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