Connor Clark & Lunn Investment Management Ltd. Takes $529,000 Position in Build-A-Bear Workshop, Inc. $BBW

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Build-A-Bear Workshop, Inc. (NYSE:BBW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,255 shares of the specialty retailer’s stock, valued at approximately $529,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Build-A-Bear Workshop as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Victory Capital Management Inc. increased its position in shares of Build-A-Bear Workshop by 166.1% during the 1st quarter. Victory Capital Management Inc. now owns 44,932 shares of the specialty retailer’s stock valued at $1,670,000 after purchasing an additional 28,048 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Build-A-Bear Workshop during the 1st quarter worth about $346,000. Pacer Advisors Inc. bought a new position in Build-A-Bear Workshop during the 1st quarter valued at about $3,154,000. Banque Cantonale Vaudoise purchased a new stake in Build-A-Bear Workshop in the 1st quarter worth about $331,000. Finally, De Lisle Partners LLP lifted its stake in Build-A-Bear Workshop by 2.4% in the first quarter. De Lisle Partners LLP now owns 765,911 shares of the specialty retailer’s stock worth $28,519,000 after purchasing an additional 18,000 shares during the last quarter. 79.30% of the stock is currently owned by institutional investors.

Build-A-Bear Workshop Stock Performance

NYSE BBW opened at $47.57 on Thursday. Build-A-Bear Workshop, Inc. has a one year low of $32.55 and a one year high of $75.85. The company has a market capitalization of $624.46 million, a price-to-earnings ratio of 10.67 and a beta of 0.88. The company’s 50-day simple moving average is $59.78 and its two-hundred day simple moving average is $54.17.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings results on Thursday, March 27th. The specialty retailer reported $1.59 earnings per share for the quarter. The firm had revenue of $150.45 million during the quarter. Build-A-Bear Workshop had a net margin of 11.34% and a return on equity of 41.14%. Equities analysts expect that Build-A-Bear Workshop, Inc. will post 3.71 earnings per share for the current fiscal year.

Build-A-Bear Workshop Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Wednesday, November 26th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $0.88 dividend on an annualized basis and a yield of 1.8%. Build-A-Bear Workshop’s dividend payout ratio (DPR) is presently 19.73%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BBW shares. Northland Securities raised their price target on Build-A-Bear Workshop from $60.00 to $80.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Zacks Research downgraded Build-A-Bear Workshop from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. DA Davidson upped their price target on shares of Build-A-Bear Workshop from $64.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Build-A-Bear Workshop in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Build-A-Bear Workshop from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 23rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

Insider Buying and Selling

In related news, Director Craig Leavitt sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $60.61, for a total transaction of $242,440.00. Following the completion of the transaction, the director owned 64,142 shares in the company, valued at $3,887,646.62. The trade was a 5.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lesli Rotenberg sold 1,000 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $61.34, for a total transaction of $61,340.00. Following the sale, the director directly owned 9,825 shares of the company’s stock, valued at $602,665.50. The trade was a 9.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 61,387 shares of company stock worth $4,417,721 over the last ninety days. 5.80% of the stock is currently owned by company insiders.

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.