Wellington Management Group LLP Sells 225,876 Shares of Build-A-Bear Workshop, Inc. (NYSE:BBW)

Wellington Management Group LLP cut its stake in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) by 89.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,353 shares of the specialty retailer’s stock after selling 225,876 shares during the quarter. Wellington Management Group LLP owned 0.20% of Build-A-Bear Workshop worth $940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of BBW. Fortitude Family Office LLC raised its position in shares of Build-A-Bear Workshop by 705.8% during the 3rd quarter. Fortitude Family Office LLC now owns 1,104 shares of the specialty retailer’s stock valued at $38,000 after buying an additional 967 shares in the last quarter. Quarry LP increased its stake in Build-A-Bear Workshop by 346.6% in the third quarter. Quarry LP now owns 1,295 shares of the specialty retailer’s stock valued at $45,000 after acquiring an additional 1,005 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in Build-A-Bear Workshop by 211.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,889 shares of the specialty retailer’s stock valued at $124,000 after purchasing an additional 3,321 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Build-A-Bear Workshop by 17.6% during the third quarter. Nisa Investment Advisors LLC now owns 5,812 shares of the specialty retailer’s stock worth $201,000 after purchasing an additional 871 shares during the last quarter. Finally, Quest Partners LLC boosted its holdings in shares of Build-A-Bear Workshop by 209.8% in the 2nd quarter. Quest Partners LLC now owns 8,098 shares of the specialty retailer’s stock worth $205,000 after purchasing an additional 5,484 shares in the last quarter. 79.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BBW. StockNews.com upgraded Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research report on Thursday. DA Davidson boosted their price objective on shares of Build-A-Bear Workshop from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Finally, Northland Securities increased their target price on shares of Build-A-Bear Workshop from $38.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, December 6th.

Build-A-Bear Workshop Price Performance

Shares of BBW stock opened at $42.74 on Friday. Build-A-Bear Workshop, Inc. has a 1-year low of $21.24 and a 1-year high of $47.01. The stock has a market capitalization of $574.43 million, a PE ratio of 11.37 and a beta of 1.53. The business has a 50-day moving average of $38.61 and a 200 day moving average of $31.84.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings results on Thursday, December 5th. The specialty retailer reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.03. Build-A-Bear Workshop had a return on equity of 38.40% and a net margin of 10.58%. During the same period last year, the business earned $0.53 earnings per share. Analysts anticipate that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current year.

Build-A-Bear Workshop Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Wednesday, November 27th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $0.80 annualized dividend and a dividend yield of 1.87%. Build-A-Bear Workshop’s dividend payout ratio is presently 21.28%.

Build-A-Bear Workshop announced that its board has approved a share buyback plan on Wednesday, September 11th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the specialty retailer to reacquire up to 23.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Build-A-Bear Workshop

In other news, Director Craig Leavitt sold 2,500 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $41.36, for a total transaction of $103,400.00. Following the completion of the transaction, the director now directly owns 78,167 shares in the company, valued at $3,232,987.12. This trade represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sharon Price John sold 48,325 shares of the company’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $35.19, for a total transaction of $1,700,556.75. Following the completion of the transaction, the chief executive officer now owns 416,679 shares in the company, valued at approximately $14,662,934.01. The trade was a 10.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 94,781 shares of company stock valued at $3,414,758 in the last three months. 7.90% of the stock is currently owned by company 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.