OneDigital Investment Advisors LLC Buys 408 Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW)

OneDigital Investment Advisors LLC grew its stake in Build-A-Bear Workshop, Inc. (NYSE:BBW) by 1.9% during the third quarter, HoldingsChannel reports. The firm owned 22,397 shares of the specialty retailer’s stock after buying an additional 408 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Build-A-Bear Workshop were worth $770,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pacifica Capital Investments LLC boosted its position in Build-A-Bear Workshop by 23.4% in the second quarter. Pacifica Capital Investments LLC now owns 1,229,006 shares of the specialty retailer’s stock valued at $31,057,000 after buying an additional 232,840 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Build-A-Bear Workshop by 17.2% in the 2nd quarter. American Century Companies Inc. now owns 320,832 shares of the specialty retailer’s stock valued at $8,107,000 after acquiring an additional 47,096 shares during the last quarter. SkyView Investment Advisors LLC acquired a new stake in shares of Build-A-Bear Workshop during the 1st quarter valued at $917,000. Maverick Capital Ltd. bought a new stake in Build-A-Bear Workshop during the 2nd quarter worth $740,000. Finally, Inspire Investing LLC acquired a new position in Build-A-Bear Workshop in the 3rd quarter worth about $892,000. 79.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BBW. StockNews.com lowered Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Northland Securities lifted their target price on shares of Build-A-Bear Workshop from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th.

Build-A-Bear Workshop Stock Down 1.1 %

NYSE BBW opened at $36.68 on Wednesday. The company has a market capitalization of $495.91 million, a price-to-earnings ratio of 10.30 and a beta of 1.54. Build-A-Bear Workshop, Inc. has a twelve month low of $21.24 and a twelve month high of $40.13. The stock has a fifty day simple moving average of $35.35 and a 200 day simple moving average of $30.23.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings data on Thursday, August 29th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. Build-A-Bear Workshop had a return on equity of 37.81% and a net margin of 10.36%. The company had revenue of $111.80 million during the quarter, compared to the consensus estimate of $107.90 million. During the same period last year, the company earned $0.57 earnings per share. Research analysts expect that Build-A-Bear Workshop, Inc. will post 3.72 earnings per share for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Wednesday, November 27th will be given a $0.20 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.18%. Build-A-Bear Workshop’s dividend payout ratio (DPR) is currently 22.47%.

Build-A-Bear Workshop announced that its Board of Directors has approved a stock repurchase program on Wednesday, September 11th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the specialty retailer to buy up to 23.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, Director George Carrara sold 2,500 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $36.27, for a total transaction of $90,675.00. Following the sale, the director now owns 18,421 shares in the company, valued at $668,129.67. This represents a 11.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sharon Price John sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $33.32, for a total value of $1,666,000.00. Following the sale, the chief executive officer now directly owns 465,004 shares of the company’s stock, valued at $15,493,933.28. This represents a 9.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,734 shares of company stock valued at $4,510,217. 7.90% of the stock is currently owned by insiders.

Build-A-Bear Workshop Profile

Build-A-Bear Workshop, Inc operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally. The company operates through three segments: Direct-to-Consumer, Commercial, and International Franchising. Its merchandise comprises various styles of plush products to be stuffed, pre-stuffed plush products, and sounds and scents that can be added to the stuffed animals, as well as range of clothing, shoes and accessories, and other toy and novelty items, including family sleepwear.