Needham & Company Maintains a 'Strong Buy' on Build-A-Bear Workshop (BBW); President To Leave Company Effective Next Week
Tweet
Share
E-mailGet Alerts BBW Hot Sheet
Price: $38.34 +1.48%
Rating Summary:
6 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Needham & Company maintains a 'Strong Buy' on Build-A-Bear Workshop (NYSE: BBW), PT $11.
Needham analyst says, "BBW announced on Wednesday that its President John Haugh was leaving the company effective July 22nd. We have not been able to determine the reason, but have been assured by the company that his departure is not related to BBW’s current business health. We believe Mr. Haugh had made strong contributions to the BBW in the last couple of years. A search is underway to replace him; in the meantime, his duties will be assumed by CEO Maxine Clark and COO/CFO Tina Klocke. We expect 2Q results to be announced sometime in the middle of the week of July 25th. We expect sales to be up about 10% vs. last year (benefitting from the later timing of Easter this year, which pushed some sales into 2Q from 1Q), and that the EPS loss will be cut from $0.45 last year to about $0.15."
For more ratings news on Build-A-Bear Workshop click here and for the rating history of Build-A-Bear Workshop click here.
Shares of Build-A-Bear Workshop closed at $6.49 yesterday.
Needham analyst says, "BBW announced on Wednesday that its President John Haugh was leaving the company effective July 22nd. We have not been able to determine the reason, but have been assured by the company that his departure is not related to BBW’s current business health. We believe Mr. Haugh had made strong contributions to the BBW in the last couple of years. A search is underway to replace him; in the meantime, his duties will be assumed by CEO Maxine Clark and COO/CFO Tina Klocke. We expect 2Q results to be announced sometime in the middle of the week of July 25th. We expect sales to be up about 10% vs. last year (benefitting from the later timing of Easter this year, which pushed some sales into 2Q from 1Q), and that the EPS loss will be cut from $0.45 last year to about $0.15."
For more ratings news on Build-A-Bear Workshop click here and for the rating history of Build-A-Bear Workshop click here.
Shares of Build-A-Bear Workshop closed at $6.49 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Coherent (COHR) PT Raised to $420 at Needham
- York Space Systems (YSS) PT Lowered to $18 at Needham
- Veritone (VERI) PT Lowered to $5 at Needham
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
