Engineers Gate Manager LP Buys New Position in Build-A-Bear Workshop, Inc (BBW)

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Engineers Gate Manager LP bought a new stake in shares of Build-A-Bear Workshop, Inc (NYSE:BBW) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 14,439 shares of the specialty retailer’s stock, valued at approximately $110,000.

Other hedge funds have also added to or reduced their stakes in the company. Millennium Management LLC bought a new stake in Build-A-Bear Workshop during the fourth quarter valued at $156,000. Trexquant Investment LP acquired a new position in shares of Build-A-Bear Workshop during the first quarter valued at $230,000. Acadian Asset Management LLC boosted its holdings in shares of Build-A-Bear Workshop by 677.0% during the second quarter. Acadian Asset Management LLC now owns 25,617 shares of the specialty retailer’s stock valued at $195,000 after acquiring an additional 22,320 shares during the period. Cannell Capital LLC boosted its holdings in shares of Build-A-Bear Workshop by 27.5% during the first quarter. Cannell Capital LLC now owns 901,727 shares of the specialty retailer’s stock valued at $8,251,000 after acquiring an additional 194,253 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Build-A-Bear Workshop by 25.9% during the first quarter. The Manufacturers Life Insurance Company now owns 268,448 shares of the specialty retailer’s stock valued at $2,456,000 after acquiring an additional 55,293 shares during the period. Hedge funds and other institutional investors own 81.35% of the company’s stock.

BBW has been the subject of several analyst reports. ValuEngine downgraded shares of Build-A-Bear Workshop from a “hold” rating to a “sell” rating in a report on Saturday, May 12th. Zacks Investment Research downgraded shares of Build-A-Bear Workshop from a “hold” rating to a “strong sell” rating in a report on Friday, June 1st.

Shares of BBW opened at $8.05 on Thursday. Build-A-Bear Workshop, Inc has a 1 year low of $7.25 and a 1 year high of $10.45. The firm has a market cap of $121.68 million, a PE ratio of 15.19, a PEG ratio of 2.09 and a beta of -0.60.

Build-A-Bear Workshop (NYSE:BBW) last announced its quarterly earnings results on Thursday, May 31st. The specialty retailer reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.23). Build-A-Bear Workshop had a net margin of 1.57% and a return on equity of 5.54%. The firm had revenue of $83.18 million for the quarter, compared to analyst estimates of $92.30 million. During the same period last year, the firm posted $0.17 EPS. sell-side analysts expect that Build-A-Bear Workshop, Inc will post 0.43 EPS for the current year.

About Build-A-Bear Workshop

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.

Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks

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

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