Municipal Employees Retirement System of Michigan Invests $184,000 in Build-A-Bear Workshop, Inc (BBW) Stock

Municipal Employees Retirement System of Michigan purchased a new position in Build-A-Bear Workshop, Inc (NYSE:BBW) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 46,500 shares of the specialty retailer’s stock, valued at approximately $184,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Man Group plc bought a new position in Build-A-Bear Workshop in the 3rd quarter worth approximately $215,000. 22NW LP increased its position in Build-A-Bear Workshop by 53.2% in the 4th quarter. 22NW LP now owns 255,399 shares of the specialty retailer’s stock worth $1,009,000 after buying an additional 88,681 shares during the period. Cannell Capital LLC increased its position in Build-A-Bear Workshop by 10.4% in the 4th quarter. Cannell Capital LLC now owns 856,453 shares of the specialty retailer’s stock worth $3,383,000 after buying an additional 80,481 shares during the period. O Shaughnessy Asset Management LLC bought a new position in Build-A-Bear Workshop in the 4th quarter worth approximately $45,000. Finally, Renaissance Technologies LLC increased its position in Build-A-Bear Workshop by 23.7% in the 3rd quarter. Renaissance Technologies LLC now owns 736,800 shares of the specialty retailer’s stock worth $6,668,000 after buying an additional 141,000 shares during the period. 79.52% of the stock is currently owned by institutional investors.

Several research analysts have commented on the company. Zacks Investment Research raised Build-A-Bear Workshop from a “strong sell” rating to a “hold” rating and set a $6.25 price target on the stock in a research report on Monday, March 18th. ValuEngine upgraded Build-A-Bear Workshop from a “sell” rating to a “hold” rating in a research report on Friday, March 1st.

BBW opened at $5.61 on Wednesday. Build-A-Bear Workshop, Inc has a 1 year low of $3.75 and a 1 year high of $9.85.

Build-A-Bear Workshop (NYSE:BBW) last released its quarterly earnings data on Wednesday, March 13th. The specialty retailer reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.40). The firm had revenue of $101.53 million for the quarter, compared to the consensus estimate of $99.90 million. Build-A-Bear Workshop had a negative net margin of 5.33% and a negative return on equity of 7.65%. During the same quarter in the prior year, the firm posted $0.09 earnings per share.

In other news, major shareholder Point72 Asset Management, L.P. sold 2,050,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $5.11, for a total transaction of $10,475,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 8.40% of the company’s stock.

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Build-A-Bear Workshop Company Profile

Build-A-Bear Workshop, Inc operates as a specialty retailer of plush animals and related products. The company operates through three segments: Direct-to-Consumer, International Franchising, and Commercial. Its merchandise comprises a range of styles of stuffed animals; clothing, shoes, and accessories for the stuffed animals; and other toy and novelty items.

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Institutional Ownership by Quarter for Build-A-Bear Workshop (NYSE:BBW)

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