Build-A-Bear Workshop (NYSE:BBW) Earns Buy Rating from DA Davidson

DA Davidson reissued their buy rating on shares of Build-A-Bear Workshop (NYSE:BBW) in a report issued on Friday morning, Benzinga reports. They currently have a $40.00 target price on the specialty retailer’s stock.

Separately, StockNews.com downgraded shares of Build-A-Bear Workshop from a buy rating to a hold rating in a research note on Friday, January 26th.

Build-A-Bear Workshop Stock Down 3.5 %

NYSE:BBW traded down $1.05 during midday trading on Friday, hitting $28.91. The company had a trading volume of 346,901 shares, compared to its average volume of 246,086. Build-A-Bear Workshop has a 52-week low of $17.85 and a 52-week high of $30.49. The stock’s fifty day moving average price is $23.06 and its 200-day moving average price is $24.78. The company has a market capitalization of $413.70 million, a PE ratio of 7.93 and a beta of 1.66.

Build-A-Bear Workshop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend is Wednesday, March 27th.

Insider Activity

In other news, CEO Sharon Price John sold 17,596 shares of the stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $22.90, for a total transaction of $402,948.40. Following the sale, the chief executive officer now owns 602,781 shares in the company, valued at $13,803,684.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 121,060 shares of company stock worth $2,697,244 over the last 90 days. 11.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. First Capital Advisors Group LLC. bought a new position in Build-A-Bear Workshop in the second quarter worth approximately $30,000. Lazard Asset Management LLC bought a new position in Build-A-Bear Workshop in the second quarter worth approximately $37,000. Captrust Financial Advisors bought a new position in Build-A-Bear Workshop in the first quarter worth approximately $37,000. Quantbot Technologies LP purchased a new position in shares of Build-A-Bear Workshop during the 1st quarter valued at $39,000. Finally, Quarry LP purchased a new position in shares of Build-A-Bear Workshop during the 1st quarter valued at $51,000. 72.73% of the stock is currently owned by institutional investors.

About Build-A-Bear Workshop

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.