Name of opportunity: 👀
Build-a-Bear Workshop Inc
Up 23.78% in the past month:☝️
This stock has seen a pretty significant increase in value over the past month - it’s now priced at $33.21. This may be largely due to the company’s recent Q2 earnings report: second quarter revenues were $111.8 million, an increase of 2.4%. Pre-tax income also increased by 10.2% to $11.5 million. Diluted earnings per share was $0.64, which is an increase of 12.3%.
How hot is this investment opportunity? 🔥🔥🔥🔥
Analysts predict the price of Build-a-Bear stock will increase from $26.18 to $39.00 in the next 12 months. If you invested $1000, you might profit $489.69. Build-a-Bear’s dividend yield is 0.76%, meaning that if you invest $1000 you would be paid $7.60 a year in dividends. That’s definitely on the low side, but if you were thinking of investing anyway, you would still see the benefit of their regular payout as part of your wider portfolio of investments.
The company itself predicts that over the course of the fiscal year 2024, it will achieve both total revenue growth and pre-tax income growth (each on a mid-single-percentage basis). In its 2024 outlook, Build-a-Bear also said it expected to open 50 new locations over the course of this fiscal year, showing that the company expects to keep growing and make its interactive shopping experience available to more customers.
Build-a-Bear has in the last few years grown its audience by targeting teens and adults with one-off collectibles like stuffed toy versions of famous characters from video games, TV and movies. In 2022, CEO Sharon Price shared that 40% of the brand's shoppers were now teenagers and adults.
Beary good: 🧸
Build-a-Bear Workshop, Inc. is a multi-channel retailer of plush animals and related products. Founded in 1997 in the USA, this business allows shoppers and their children to customise their own teddy bears and stuffed toys. It has stores in Australia, Bahrain, Canada, Hong Kong, Ireland, Kuwait, Mexico, New Zealand, South Africa, the United Arab Emirates, the United Kingdom and the United States.
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