DA Davidson lifts Build-A-Bear stock target to $60; maintains buy

Published 30/05/2025, 10:18
DA Davidson lifts Build-A-Bear stock target to $60; maintains buy

On Friday, DA Davidson analyst Michael Baker increased the price target on Build-A-Bear Workshop (NYSE:BBW) shares to $60 from $50, while reiterating a Buy rating on the stock. Currently trading at $52.03, with a market capitalization of $672 million, BBW has delivered impressive returns with a 94% gain over the past year. The revision reflects the company’s reported earnings, which surpassed expectations on both revenue and profit, demonstrating strength across all segments and an expansion in gross margin of 54.9% due to fewer discounts.According to InvestingPro, BBW shows multiple signs of strength, with 14+ additional ProTips available to subscribers.

Build-A-Bear Workshop has been experiencing growth in its store count, primarily driven by international partners. The company’s asset-light store model has been successful, maintaining a healthy current ratio of 1.59 and operating with moderate debt levels. This financial stability is expected to contribute further to profitability as it continues to penetrate new commercial markets. Additionally, the introduction of the Mini Beans product line is seen as a promising avenue to diversify beyond the core make-your-own stuffed animal offerings.

Despite the potential impacts of tariffs, Build-A-Bear Workshop has managed to mitigate these effects more effectively than anticipated. The company has demonstrated strong profitability with a return on equity of 39% and generated revenue of $496.4 million in the last twelve months. While the company has conservatively lowered its profit guidance, which is perceived by the analyst as a cautious move, DA Davidson’s stance on the stock remains positive, citing the company’s robust business performance, strategic handling of tariff-related challenges, and the potential for increased margins through enhanced commercial and franchising sales.

The new price target of $60 is based on a 13.5 times multiple of DA Davidson’s estimated earnings per share (EPS) for the year 2026. Currently trading at a P/E ratio of 10.3x and a Price/Book multiple of 4.83x, the stock appears overvalued according to InvestingPro’s Fair Value analysis. This adjustment signals confidence in Build-A-Bear Workshop’s long-term earnings potential and its strategies for growth and diversification.Get access to the comprehensive Pro Research Report and detailed financial analysis for BBW and 1,400+ other stocks on InvestingPro.

In other recent news, Build-A-Bear Workshop Inc . reported outstanding first-quarter results for 2025, exceeding both earnings and revenue forecasts. The company achieved an earnings per share (EPS) of $1.17, significantly surpassing the anticipated $0.87, and total revenue reached $128.4 million, above the expected $119.05 million. This performance marks an 11.9% increase in total revenues and a 42.7% rise in EPS compared to the previous year. Build-A-Bear’s strategic focus on expanding its product lines, such as the Mini Beans collectibles, contributed to this growth. Furthermore, the company is on track to open at least 50 new locations in 2025 as part of its global expansion efforts. Analysts have noted that Build-A-Bear’s successful execution of its long-term strategy has positioned it well in the market. Additionally, the company is working on mitigating potential challenges from tariffs, which are expected to impact profitability by less than $10 million. Overall, Build-A-Bear’s robust first-quarter performance reflects its ability to manage operations effectively and capitalize on market opportunities.

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