Harvest Fund Management Co. Ltd Invests $1.70 Million in Build-A-Bear Workshop, Inc. (NYSE:BBW)

Harvest Fund Management Co. Ltd acquired a new position in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 36,902 shares of the specialty retailer’s stock, valued at approximately $1,695,000.

Several other institutional investors also recently modified their holdings of BBW. OneDigital Investment Advisors LLC increased its stake in shares of Build-A-Bear Workshop by 1.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 22,397 shares of the specialty retailer’s stock worth $770,000 after purchasing an additional 408 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Build-A-Bear Workshop during the 3rd quarter worth about $306,000. Segall Bryant & Hamill LLC increased its stake in shares of Build-A-Bear Workshop by 1.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 98,581 shares of the specialty retailer’s stock worth $3,388,000 after purchasing an additional 1,409 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Build-A-Bear Workshop by 296.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 46,880 shares of the specialty retailer’s stock worth $1,611,000 after purchasing an additional 35,049 shares during the last quarter. Finally, De Lisle Partners LLP boosted its holdings in shares of Build-A-Bear Workshop by 25.9% during the 3rd quarter. De Lisle Partners LLP now owns 732,911 shares of the specialty retailer’s stock worth $25,187,000 after buying an additional 150,619 shares during the period. 79.30% of the stock is currently owned by institutional investors and hedge funds.

Build-A-Bear Workshop Stock Up 2.7 %

NYSE BBW opened at $36.97 on Thursday. The firm has a 50-day moving average price of $39.56 and a two-hundred day moving average price of $38.41. Build-A-Bear Workshop, Inc. has a 12-month low of $23.63 and a 12-month high of $48.23. The company has a market capitalization of $496.85 million, a P/E ratio of 9.83 and a beta of 1.50.

Build-A-Bear Workshop (NYSE:BBW) last announced its earnings results on Thursday, March 13th. The specialty retailer reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.07. Build-A-Bear Workshop had a net margin of 10.58% and a return on equity of 38.35%. The firm had revenue of $150.45 million for the quarter, compared to analyst estimates of $147.53 million. Equities analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 EPS for the current year.

Build-A-Bear Workshop Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 27th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Thursday, March 27th. This is a positive change from Build-A-Bear Workshop’s previous quarterly dividend of $0.20. Build-A-Bear Workshop’s dividend payout ratio is presently 23.10%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BBW. StockNews.com raised shares of Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a report on Thursday, March 13th. DA Davidson reaffirmed a “buy” rating and set a $50.00 target price on shares of Build-A-Bear Workshop in a report on Friday, March 14th. Finally, Northland Securities lifted their target price on shares of Build-A-Bear Workshop from $38.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, December 6th.

Insiders Place Their Bets

In related news, CFO Vojin Todorovic sold 15,000 shares of the stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $41.55, for a total transaction of $623,250.00. Following the sale, the chief financial officer now owns 75,695 shares in the company, valued at approximately $3,145,127.25. This trade represents a 16.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider J. Christopher Hurt sold 12,635 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $39.53, for a total transaction of $499,461.55. Following the sale, the insider now owns 49,386 shares in the company, valued at $1,952,228.58. This represents a 20.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 161,666 shares of company stock worth $7,010,081 in the last quarter. Corporate insiders own 7.90% of the company’s stock.

Build-A-Bear Workshop Company 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.