Build-A-Bear Workshop, Inc. (NYSE:BBW) Declares Quarterly Dividend of $0.22

Build-A-Bear Workshop, Inc. (NYSE:BBW) declared a quarterly dividend on Wednesday, March 12th, RTT News reports. Shareholders of record on Thursday, March 27th will be paid a dividend of 0.22 per share by the specialty retailer on Thursday, April 10th. This represents a $0.88 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 10.0% increase from Build-A-Bear Workshop’s previous quarterly dividend of $0.20.

Build-A-Bear Workshop has a payout ratio of 20.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Build-A-Bear Workshop to earn $3.88 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 22.7%.

Build-A-Bear Workshop Price Performance

NYSE:BBW opened at $38.86 on Tuesday. The firm’s 50-day moving average price is $39.31 and its 200-day moving average price is $38.54. The company has a market capitalization of $522.22 million, a PE ratio of 10.33 and a beta of 1.50. Build-A-Bear Workshop has a 1-year low of $23.63 and a 1-year high of $48.23.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings data on Thursday, March 13th. The specialty retailer reported $1.59 earnings per share 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 business had revenue of $150.45 million for the quarter, compared to analysts’ expectations of $147.53 million. Equities analysts anticipate that Build-A-Bear Workshop will post 3.71 EPS for the current fiscal year.

Insider Transactions at Build-A-Bear Workshop

In related news, CFO Vojin Todorovic sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $40.08, for a total value of $200,400.00. Following the sale, the chief financial officer now owns 70,695 shares in the company, valued at approximately $2,833,455.60. This trade represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider J. Christopher Hurt sold 6,210 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $39.91, for a total transaction of $247,841.10. Following the sale, the insider now owns 43,176 shares of the company’s stock, valued at approximately $1,723,154.16. This represents a 12.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 161,666 shares of company stock worth $7,010,081 over the last quarter. 7.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BBW has been the subject of a number of recent research reports. Northland Securities lifted their price objective on Build-A-Bear Workshop from $38.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, December 6th. StockNews.com downgraded shares of Build-A-Bear Workshop from a “buy” rating to a “hold” rating in a research report on Friday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $50.00 target price on shares of Build-A-Bear Workshop in a report on Friday, March 14th.

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.