489,771 Shares in Winmark Corporation $WINA Purchased by BlackRock Inc.

Key Points

• BlackRock purchased 489,771 Winmark shares worth approximately $207.2 million, acquiring an estimated 13.64% stake. Institutional investors collectively own 73.32% of the company.
• Winmark reported quarterly earnings of $2.81 per share, below the $3.14 consensus estimate, while revenue of $21.97 million slightly exceeded expectations. Analysts maintain a consensus “Hold” rating.
• The company declared a quarterly dividend of $1.02 per share, equivalent to $4.08 annually and a 1.2% yield.

BlackRock Inc. bought a new stake in Winmark Corporation (NASDAQ:WINA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 489,771 shares of the specialty retailer's stock, valued at approximately $207,212,000. BlackRock Inc. owned approximately 13.64% of Winmark as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its holdings in shares of Winmark by 19.0% during the second quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer's stock worth $80,000 after purchasing an additional 34 shares in the last quarter. ProShare Advisors LLC grew its stake in Winmark by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 545 shares of the specialty retailer's stock worth $221,000 after buying an additional 35 shares in the last quarter. Mariner LLC increased its holdings in shares of Winmark by 3.9% in the 3rd quarter. Mariner LLC now owns 933 shares of the specialty retailer's stock worth $464,000 after buying an additional 35 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of Winmark by 3.1% in the 1st quarter. Inspire Investing LLC now owns 1,192 shares of the specialty retailer's stock worth $510,000 after buying an additional 36 shares during the last quarter. Finally, State of Wyoming raised its position in shares of Winmark by 144.8% during the 1st quarter. State of Wyoming now owns 71 shares of the specialty retailer's stock valued at $30,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 73.32% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Winmark in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Winmark has a consensus rating of "Hold".

Winmark Stock Performance

NASDAQ:WINA opened at $335.23 on Friday. The firm has a market cap of $1.20 billion, a PE ratio of 30.42 and a beta of 0.53. The business has a 50 day moving average price of $372.85 and a 200-day moving average price of $397.06. Winmark Corporation has a fifty-two week low of $325.06 and a fifty-two week high of $527.37.

Winmark (NASDAQ:WINA - Get Free Report) last issued its quarterly earnings data on Wednesday, July 15th. The specialty retailer reported $2.81 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.33). The company had revenue of $21.97 million during the quarter, compared to the consensus estimate of $21.67 million. Winmark had a negative return on equity of 99.47% and a net margin of 47.09%.

Winmark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 12th. Winmark's payout ratio is 37.02%.

About Winmark

Winmark Corporation NASDAQ: WINA is a franchisor of retail resale stores, specializing in the resale of apparel, sporting goods, children's and maternity clothing, toys, and entertainment media. Through its portfolio of well-known brands—such as Plato's Closet, Once Upon a Child, Play It Again Sports, and Style Encore—Winmark provides aspiring entrepreneurs the opportunity to own and operate neighborhood resale businesses. The company supports its franchisees with site selection, store design, training programs, and ongoing marketing assistance, emphasizing a turnkey approach to retail entrepreneurship.

Each of Winmark's franchised brands targets a distinct consumer segment.

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