DA Davidson Reiterates Buy Rating for Build-A-Bear Workshop (NYSE:BBW)

Build-A-Bear Workshop (NYSE:BBW)‘s stock had its “buy” rating reissued by research analysts at DA Davidson in a research note issued on Friday,Benzinga reports. They currently have a $50.00 price objective on the specialty retailer’s stock. DA Davidson’s price target indicates a potential upside of 37.36% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. StockNews.com raised Build-A-Bear Workshop from a “hold” rating to a “buy” rating in a research note on Thursday. Northland Securities upped their price objective on shares of Build-A-Bear Workshop from $38.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, December 6th.

Build-A-Bear Workshop Stock Up 3.0 %

Shares of NYSE:BBW traded up $1.05 during trading on Friday, reaching $36.40. 81,546 shares of the company traded hands, compared to its average volume of 249,914. Build-A-Bear Workshop has a 52 week low of $23.63 and a 52 week high of $48.23. The firm has a market capitalization of $489.23 million, a PE ratio of 9.64 and a beta of 1.50. The company’s 50 day moving average is $40.47 and its two-hundred day moving average is $38.21.

Insider Activity at Build-A-Bear Workshop

In related news, insider J. Christopher Hurt sold 6,210 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $39.91, for a total transaction of $247,841.10. Following the completion of the transaction, the insider now directly owns 43,176 shares of the company’s stock, valued at $1,723,154.16. This trade represents a 12.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sharon Price John sold 53,962 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $42.02, for a total value of $2,267,483.24. Following the completion of the sale, the chief executive officer now owns 293,858 shares in the company, valued at $12,347,913.16. This trade represents a 15.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 161,666 shares of company stock worth $7,010,081 in the last quarter. 7.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Build-A-Bear Workshop

Hedge funds have recently made changes to their positions in the stock. De Lisle Partners LLP raised its holdings in 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 purchasing an additional 150,619 shares during the last quarter. Alta Fox Capital Management LLC bought a new position in Build-A-Bear Workshop during the fourth quarter worth $5,631,000. Invesco Ltd. raised its stake in Build-A-Bear Workshop by 396.5% during the fourth quarter. Invesco Ltd. now owns 129,801 shares of the specialty retailer’s stock worth $5,976,000 after buying an additional 103,656 shares during the last quarter. Marshall Wace LLP lifted its holdings in Build-A-Bear Workshop by 269.9% in the fourth quarter. Marshall Wace LLP now owns 137,922 shares of the specialty retailer’s stock valued at $6,350,000 after buying an additional 100,633 shares during the period. Finally, State Street Corp boosted its position in Build-A-Bear Workshop by 34.3% during the third quarter. State Street Corp now owns 372,168 shares of the specialty retailer’s stock valued at $12,863,000 after acquiring an additional 94,986 shares during the last quarter. 79.30% 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.