Build-A-Bear Workshop, Inc. (NYSE:BBW) Short Interest Down 9.0% in April

Build-A-Bear Workshop, Inc. (NYSE:BBW) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 1,610,000 shares, a drop of 9.0% from the March 31st total of 1,770,000 shares. Based on an average trading volume of 210,900 shares, the short-interest ratio is presently 7.6 days. Approximately 12.7% of the shares of the company are sold short.

Wall Street Analyst Weigh In

BBW has been the topic of several recent analyst reports. DA Davidson reiterated a “buy” rating and set a $40.00 target price on shares of Build-A-Bear Workshop in a research report on Friday, March 15th. StockNews.com cut Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research report on Friday, January 26th.

Hedge Funds Weigh In On Build-A-Bear Workshop

Several large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Build-A-Bear Workshop during the third quarter worth about $148,000. Allspring Global Investments Holdings LLC grew its position in Build-A-Bear Workshop by 101.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,755 shares of the specialty retailer’s stock worth $169,000 after purchasing an additional 2,900 shares during the last quarter. Watershed Asset Management L.L.C. raised its holdings in shares of Build-A-Bear Workshop by 19.6% during the fourth quarter. Watershed Asset Management L.L.C. now owns 11,918 shares of the specialty retailer’s stock valued at $274,000 after buying an additional 1,953 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Build-A-Bear Workshop by 7.7% during the fourth quarter. BNP Paribas Financial Markets now owns 15,138 shares of the specialty retailer’s stock valued at $348,000 after buying an additional 1,083 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Build-A-Bear Workshop by 17.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 20,020 shares of the specialty retailer’s stock worth $460,000 after buying an additional 2,929 shares during the period. 79.30% of the stock is currently owned by institutional investors.

Build-A-Bear Workshop Stock Up 2.1 %

Shares of NYSE BBW traded up $0.64 during trading on Monday, reaching $30.43. 173,881 shares of the stock were exchanged, compared to its average volume of 213,689. The company has a market capitalization of $425.34 million, a price-to-earnings ratio of 8.34 and a beta of 1.68. The business’s 50-day moving average price is $27.15 and its 200 day moving average price is $25.01. Build-A-Bear Workshop has a twelve month low of $17.85 and a twelve month high of $30.63.

Build-A-Bear Workshop (NYSE:BBW) last issued its quarterly earnings results on Thursday, March 14th. The specialty retailer reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. The firm had revenue of $149.28 million during the quarter, compared to the consensus estimate of $150.02 million. Build-A-Bear Workshop had a return on equity of 43.26% and a net margin of 10.86%. As a group, sell-side analysts expect that Build-A-Bear Workshop will post 3.57 earnings per share for the current fiscal year.

Build-A-Bear Workshop Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Wednesday, March 27th. Build-A-Bear Workshop’s dividend payout ratio is currently 21.92%.

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.