George Carrara, a director at Build-A-Bear Workshop Inc . (NYSE:BBW), recently sold 2,500 shares of the company's common stock. The shares were sold at a price of $36.27 each, amounting to a total transaction value of $90,675. Following this transaction, Carrara holds 14,973 shares of common stock and 3,448 shares of restricted stock in the company. This activity was disclosed in a regulatory filing submitted on October 17, 2024.
In other recent news, Build-A-Bear Workshop has been making significant strides in its business operations. The company has reported an increase in revenue by 2.4% in its second quarter of 2024, with revenues reaching nearly $112 million. In an effort to further this growth, the company has announced plans for global expansion, including opening new stores in Italy, France, and the US, and enhancing digital and omni-channel capabilities.
Build-A-Bear Workshop has also appointed David Henderson as its new Chief Revenue Officer, a decision reflecting the company's commitment to continued profitable growth. Henderson, with his extensive experience in the toy, consumer products, and entertainment industries, is expected to drive growth across the company's primary revenue streams.
The company's gross margin has improved to 54.2%, with pretax income up by 10.2% at $11.5 million. Despite a decrease in web demand, the company has seen solid in-store sales and double-digit increases in online purchases. These are the recent developments for Build-A-Bear Workshop.
InvestingPro Insights
Build-A-Bear Workshop Inc. (NYSE:BBW) has been experiencing significant momentum in the market, as evidenced by recent InvestingPro data. The company's stock has shown remarkable strength, with a 46.97% price total return over the past three months and a 66.6% return year-to-date. This upward trajectory aligns with the recent insider selling activity by director George Carrara.
InvestingPro Tips highlight that BBW is trading near its 52-week high, with the current price at 98.26% of its peak. This strong performance is further supported by the company's solid financials. BBW boasts a healthy gross profit margin of 54.66% for the last twelve months as of Q2 2025, indicating efficient cost management and pricing power.
Despite the recent share sale by Carrara, it's worth noting that management has been aggressively buying back shares, according to another InvestingPro Tip. This could signal confidence in the company's future prospects and potentially support the stock price.
For investors considering BBW, it's important to note that the stock is trading at a P/E ratio of 10.45, which may be attractive compared to industry peers. However, an InvestingPro Tip cautions that BBW is trading at a high P/E ratio relative to its near-term earnings growth, suggesting that the current valuation may be stretched.
InvestingPro offers 13 additional tips for BBW, providing a more comprehensive analysis for those looking to delve deeper into the company's prospects. These insights can be particularly valuable given the recent insider activity and the stock's strong market performance.
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