Bank of America Corp DE Boosts Stake in Winmark Co. (NASDAQ:WINA)

Bank of America Corp DE lifted its holdings in Winmark Co. (NASDAQ:WINA - Free Report) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,312 shares of the specialty retailer's stock after purchasing an additional 656 shares during the quarter. Bank of America Corp DE owned 0.32% of Winmark worth $4,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of WINA. Congress Asset Management Co. raised its position in Winmark by 73.3% in the 4th quarter. Congress Asset Management Co. now owns 15,823 shares of the specialty retailer's stock worth $6,220,000 after buying an additional 6,690 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Winmark during the 4th quarter valued at about $351,000. Northstar Asset Management Inc. bought a new stake in shares of Winmark in the fourth quarter worth approximately $1,200,000. Barclays PLC raised its holdings in shares of Winmark by 117.7% during the third quarter. Barclays PLC now owns 6,073 shares of the specialty retailer's stock valued at $2,325,000 after purchasing an additional 3,284 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Winmark by 1,087.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 736 shares of the specialty retailer's stock valued at $289,000 after purchasing an additional 674 shares during the last quarter. 73.32% of the stock is owned by institutional investors.

Winmark Trading Down 1.9%

WINA stock traded down $8.27 on Friday, hitting $420.26. The company had a trading volume of 336,880 shares, compared to its average volume of 28,659. Winmark Co. has a 12-month low of $295.79 and a 12-month high of $434.87. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 38.59 and a beta of 0.54. The stock's 50-day simple moving average is $366.52 and its 200 day simple moving average is $373.41.

Winmark (NASDAQ:WINA - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.74 by ($0.03). Winmark had a negative return on equity of 93.24% and a net margin of 49.15%. The firm had revenue of $21.92 million during the quarter, compared to analysts' expectations of $20.91 million. During the same quarter last year, the business earned $2.41 earnings per share.

Winmark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 14th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $3.84 annualized dividend and a dividend yield of 0.91%. This is a positive change from Winmark's previous quarterly dividend of $0.90. Winmark's dividend payout ratio is presently 34.32%.

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.