Build-A-Bear Workshop, Inc. (NYSE:BBW) to Issue $0.20 Quarterly Dividend

Build-A-Bear Workshop, Inc. (NYSE:BBW) announced a quarterly dividend on Tuesday, November 12th,RTT News reports. Shareholders of record on Wednesday, November 27th will be paid a dividend of 0.20 per share by the specialty retailer on Thursday, January 9th. This represents a $0.80 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Wednesday, November 27th.

Build-A-Bear Workshop has a dividend payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Build-A-Bear Workshop to earn $3.89 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 20.6%.

Build-A-Bear Workshop Price Performance

Shares of BBW stock opened at $38.19 on Monday. The business’s fifty day moving average price is $35.73 and its 200 day moving average price is $30.41. The firm has a market capitalization of $516.25 million, a PE ratio of 10.73 and a beta of 1.54. Build-A-Bear Workshop has a 1-year low of $21.24 and a 1-year high of $40.13.

Build-A-Bear Workshop (NYSE:BBW) last posted its earnings results on Thursday, August 29th. The specialty retailer reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. Build-A-Bear Workshop had a return on equity of 37.81% and a net margin of 10.36%. The company had revenue of $111.80 million for the quarter, compared to the consensus estimate of $107.90 million. During the same period in the previous year, the business earned $0.57 earnings per share. Equities research analysts expect that Build-A-Bear Workshop will post 3.72 earnings per share for the current fiscal year.

Insider Activity at Build-A-Bear Workshop

In related news, Director George Carrara sold 2,500 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $36.27, for a total value of $90,675.00. Following the completion of the sale, the director now directly owns 18,421 shares in the company, valued at approximately $668,129.67. This represents a 11.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sharon Price John sold 50,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $33.32, for a total value of $1,666,000.00. Following the transaction, the chief executive officer now owns 465,004 shares in the company, valued at approximately $15,493,933.28. This represents a 9.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,734 shares of company stock worth $4,510,217. Company insiders own 7.90% of the company’s stock.

Analyst Upgrades and Downgrades

BBW has been the topic of several recent analyst reports. Northland Securities increased their target price on Build-A-Bear Workshop from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. StockNews.com cut Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

Build-A-Bear Workshop declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, September 11th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty retailer to buy up to 23.2% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.