Build-A-Bear Workshop, Inc. (NYSE:BBW – Get Rating) was the target of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 1,840,000 shares, an increase of 26.9% from the May 15th total of 1,450,000 shares. Based on an average daily trading volume, of 337,700 shares, the days-to-cover ratio is currently 5.4 days. Currently, 13.6% of the company’s stock are sold short.
BBW opened at $17.31 on Friday. Build-A-Bear Workshop has a one year low of $13.81 and a one year high of $23.50. The stock’s fifty day moving average is $18.60 and its 200-day moving average is $18.80. The company has a market capitalization of $269.81 million, a PE ratio of 5.50 and a beta of 1.80.
Build-A-Bear Workshop (NYSE:BBW – Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The specialty retailer reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.23. Build-A-Bear Workshop had a return on equity of 46.48% and a net margin of 11.68%. During the same period in the prior year, the firm posted $0.60 EPS. Research analysts expect that Build-A-Bear Workshop will post 2.76 earnings per share for the current fiscal year.
In other Build-A-Bear Workshop news, major shareholder Cannell Capital Llc sold 4,110 shares of Build-A-Bear Workshop stock in a transaction that occurred on Wednesday, April 13th. The stock was sold at an average price of $18.19, for a total transaction of $74,760.90. Following the sale, the insider now directly owns 1,667,034 shares in the company, valued at approximately $30,323,348.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Maxine Clark sold 3,600 shares of Build-A-Bear Workshop stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $18.46, for a total value of $66,456.00. Following the sale, the director now owns 15,013 shares in the company, valued at $277,139.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,209 shares of company stock worth $1,204,106. Company insiders own 14.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. 683 Capital Management LLC acquired a new position in Build-A-Bear Workshop during the fourth quarter valued at $379,000. Raymond James & Associates purchased a new position in Build-A-Bear Workshop in the fourth quarter valued at about $222,000. Renaissance Technologies LLC grew its stake in Build-A-Bear Workshop by 11.1% in the third quarter. Renaissance Technologies LLC now owns 376,179 shares of the specialty retailer’s stock valued at $6,372,000 after purchasing an additional 37,600 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in Build-A-Bear Workshop by 15.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 280,884 shares of the specialty retailer’s stock valued at $5,482,000 after purchasing an additional 38,330 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Build-A-Bear Workshop by 109.5% in the third quarter. Marshall Wace LLP now owns 72,687 shares of the specialty retailer’s stock valued at $1,231,000 after purchasing an additional 37,987 shares in the last quarter. 64.36% of the stock is currently owned by institutional investors.
Build-A-Bear Workshop Company Profile (Get Rating)
Build-A-Bear Workshop, Inc operates as a multi-channel retailer of plush animals and related products. 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, accessories, and other toy and novelty items.
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