Build-A-Bear Workshop, Inc. (BBW) Expected to Announce Quarterly Sales of $111.64 Million

Equities research analysts forecast that Build-A-Bear Workshop, Inc. (NYSE:BBW) will post $111.64 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Build-A-Bear Workshop’s earnings. The highest sales estimate is $112.80 million and the lowest is $110.48 million. Build-A-Bear Workshop posted sales of $110.34 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.2%. The company is scheduled to issue its next quarterly earnings results on Thursday, February 15th.

On average, analysts expect that Build-A-Bear Workshop will report full-year sales of $111.64 million for the current year, with estimates ranging from $360.76 million to $363.10 million. For the next year, analysts expect that the company will post sales of $366.87 million per share, with estimates ranging from $366.64 million to $367.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Build-A-Bear Workshop.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings results on Thursday, October 26th. The specialty retailer reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $82.40 million for the quarter, compared to analyst estimates of $85.61 million. Build-A-Bear Workshop had a return on equity of 6.33% and a net margin of 0.83%. Build-A-Bear Workshop’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS.

BBW has been the topic of a number of recent analyst reports. Zacks Investment Research raised Build-A-Bear Workshop from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Friday, September 15th. Dougherty & Co downgraded Build-A-Bear Workshop from a “buy” rating to a “neutral” rating in a research report on Friday, October 27th. Finally, Jefferies Group started coverage on Build-A-Bear Workshop in a research report on Wednesday, September 13th. They issued a “buy” rating and a $12.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.67.

Build-A-Bear Workshop (NYSE BBW) opened at $8.35 on Wednesday. The firm has a market capitalization of $133.71, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 0.92 and a beta of -0.17. Build-A-Bear Workshop has a 12-month low of $7.25 and a 12-month high of $15.85.

Build-A-Bear Workshop declared that its board has approved a stock repurchase plan on Monday, August 21st that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

In other news, Director Braden Michael Leonard sold 27,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $9.21, for a total value of $248,670.00. Following the transaction, the director now owns 142,043 shares of the company’s stock, valued at $1,308,216.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Point72 Asset Management, L.P. bought 10,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was purchased at an average cost of $7.70 per share, for a total transaction of $77,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 40,300 shares of company stock worth $320,408 and sold 177,000 shares worth $1,599,746. 17.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently bought and sold shares of the company. New York State Common Retirement Fund boosted its stake in shares of Build-A-Bear Workshop by 980.8% in the third quarter. New York State Common Retirement Fund now owns 151,306 shares of the specialty retailer’s stock valued at $1,384,000 after buying an additional 137,306 shares during the period. Pacifica Capital Investments LLC boosted its stake in shares of Build-A-Bear Workshop by 20.3% in the second quarter. Pacifica Capital Investments LLC now owns 327,789 shares of the specialty retailer’s stock valued at $3,425,000 after buying an additional 55,299 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of Build-A-Bear Workshop by 2.1% in the third quarter. Point72 Asset Management L.P. now owns 2,534,676 shares of the specialty retailer’s stock valued at $23,192,000 after buying an additional 51,000 shares during the period. Royce & Associates LP boosted its stake in shares of Build-A-Bear Workshop by 9.8% in the second quarter. Royce & Associates LP now owns 441,400 shares of the specialty retailer’s stock valued at $4,613,000 after buying an additional 39,500 shares during the period. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Build-A-Bear Workshop in the second quarter valued at approximately $361,000. 70.60% of the stock is currently owned by institutional investors.

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About Build-A-Bear Workshop

Build-A-Bear Workshop, Inc is primarily a specialty retailer offering a make your own stuffed animal interactive retail-entertainment experience. The Company’s segments include direct-to-consumer (DTC), international franchising and commercial. The DTC segment includes the activities of Company-owned stores in the United States, Canada, the United Kingdom, Ireland and Denmark, and other retail delivery operations, including its e-commerce sites and temporary stores.

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Earnings History and Estimates for Build-A-Bear Workshop (NYSE:BBW)

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