7,361 Winmark Corporation $WINA Shares Purchased by Congress Asset Management Co.

Key Points

• Congress Asset Management increased its Winmark stake by 21.3%, purchasing 7,361 additional shares to hold 41,942 shares valued at approximately $12.6 million. Institutional investors and hedge funds collectively own 73.32% of the company.
• Winmark shares opened at $295.85, near the lower end of their 12-month range of $280.05 to $503.12. The company recently reported quarterly EPS of $2.81, below the $3.14 consensus estimate, while revenue of $21.97 million exceeded expectations.
• The company maintains a quarterly dividend of $1.02, equivalent to $4.08 annually and a 1.4% yield. Wall Street sentiment remains cautious, with the stock carrying an average “Hold” rating and Weiss Ratings recently lowering its “Hold” assessment.

Congress Asset Management Co. increased its holdings in Winmark Corporation (NASDAQ:WINA - Free Report) by 21.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,942 shares of the specialty retailer's stock after buying an additional 7,361 shares during the quarter. Congress Asset Management Co. owned about 1.17% of Winmark worth $12,591,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Winmark during the 2nd quarter worth about $207,212,000. Port Capital LLC acquired a new position in shares of Winmark during the 2nd quarter valued at $36,709,000. Dimensional Fund Advisors LP grew its holdings in Winmark by 5.3% during the first quarter. Dimensional Fund Advisors LP now owns 74,379 shares of the specialty retailer's stock worth $31,800,000 after acquiring an additional 3,771 shares during the period. Bessemer Group Inc. increased its holdings in shares of Winmark by 3.5% in the first quarter. Bessemer Group Inc. now owns 42,738 shares of the specialty retailer's stock valued at $18,273,000 after buying an additional 1,440 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Winmark during the second quarter valued at about $13,319,000. 73.32% of the stock is currently owned by institutional investors and hedge funds.

Winmark Stock Up 0.7%

Shares of WINA opened at $295.85 on Wednesday. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 26.85 and a beta of 0.57. The company's fifty day moving average is $324.71 and its 200-day moving average is $368.53. Winmark Corporation has a 12 month low of $280.05 and a 12 month high of $503.12.

Winmark (NASDAQ:WINA - Get Free Report) last released its quarterly earnings results on Wednesday, July 15th. The specialty retailer reported $2.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.33). The company had revenue of $21.97 million for 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th were paid a $1.02 dividend. The ex-dividend date was Wednesday, August 12th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.4%. Winmark's payout ratio is presently 37.02%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Winmark from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, September 18th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold".

About Winmark

Winmark Corporation is a franchising and equipment-leasing company headquartered in Minneapolis, Minnesota. Through its franchise business, the company supports a portfolio of retail brands focused primarily on the resale of apparel, children's products, sporting goods and musical instruments.

Winmark's principal franchise concepts include Plato's Closet, Once Upon a Child, Play It Again Sports, Style Encore and Music Go Round. These stores acquire and resell gently used merchandise, offering consumers lower-cost alternatives while providing opportunities for individuals to operate locally owned businesses.

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