9,460 Shares in Winmark Corporation $WINA Acquired by LGT Fund Management Co Ltd.

Key Points

• LGT Fund Management Co Ltd. acquired 9,460 shares of Winmark Corporation in the second quarter, representing approximately $3.57 million, and owns about 0.27% of the company.
• Winmark's stock recently opened at $512.35 and has a market cap of $1.82 billion, with a reported PE ratio of 45.62 and a 12-month trading range between $295.79 and $527.37.
• The company declared a quarterly dividend of $0.96 per share, with a yield of 0.7%, paid to shareholders on record as of August 13th.

LGT Fund Management Co Ltd. acquired a new position in Winmark Corporation (NASDAQ:WINA - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,460 shares of the specialty retailer's stock, valued at approximately $3,572,000. LGT Fund Management Co Ltd. owned about 0.27% of Winmark as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Copeland Capital Management LLC raised its holdings in Winmark by 16.3% in the 2nd quarter. Copeland Capital Management LLC now owns 73,501 shares of the specialty retailer's stock worth $27,755,000 after acquiring an additional 10,292 shares during the last quarter. Mountain Pacific Investment Advisers LLC raised its holdings in Winmark by 9.6% in the 2nd quarter. Mountain Pacific Investment Advisers LLC now owns 33,797 shares of the specialty retailer's stock worth $12,762,000 after acquiring an additional 2,949 shares during the last quarter. Annex Advisory Services LLC raised its holdings in Winmark by 4.9% in the 2nd quarter. Annex Advisory Services LLC now owns 3,515 shares of the specialty retailer's stock worth $1,327,000 after acquiring an additional 163 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Winmark by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,279 shares of the specialty retailer's stock worth $6,764,000 after acquiring an additional 4,653 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Winmark by 23.1% in the 1st quarter. Rhumbline Advisers now owns 11,164 shares of the specialty retailer's stock worth $3,549,000 after purchasing an additional 2,096 shares during the period. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

Winmark Trading Down 1.1%

NASDAQ:WINA opened at $512.35 on Friday. Winmark Corporation has a 12 month low of $295.79 and a 12 month high of $527.37. The company has a market cap of $1.82 billion, a PE ratio of 45.62 and a beta of 0.71. The company has a 50 day simple moving average of $454.81 and a two-hundred day simple moving average of $404.06.

Winmark (NASDAQ:WINA - Get Free Report) last posted its earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 EPS for the quarter, topping analysts' consensus estimates of $2.88 by $0.01. Winmark had a net margin of 49.48% and a negative return on equity of 98.49%. The business had revenue of $20.42 million during the quarter, compared to the consensus estimate of $20.31 million.

Winmark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.7%. Winmark's payout ratio is presently 34.19%.

Insiders Place Their Bets

In other news, CEO Brett D. Heffes sold 4,971 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $453.89, for a total transaction of $2,256,287.19. Following the completion of the sale, the chief executive officer owned 114,400 shares of the company's stock, valued at $51,925,016. The trade was a 4.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lawrence A. Barbetta sold 852 shares of the business's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $505.02, for a total transaction of $430,277.04. Following the sale, the director directly owned 649 shares of the company's stock, valued at approximately $327,757.98. The trade was a 56.76% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,264 shares of company stock valued at $3,797,366. Insiders own 10.10% of the company's stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Winmark in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy".

Winmark Profile

Winmark Corporation, a resale company operates as a franchisor for small business in the United States and Canada. The company franchises retail stores concepts that buy, sell and trade merchandise. It also operates middle-market equipment leasing business. In addition, the company buys and sells used clothing and accessories geared toward the teenage and young adult market under Plato's Closet brand; and operates stores which buys and sells used and new children's clothing, toys, furniture, equipment, and accessories primarily to parents of children ages infant to 12 years under the Once Upon A Child brand.

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