Bank of New York Mellon Corp Purchases New Stake in Winmark Corporation $WINA

Key Points

• Bank of New York Mellon purchased 31,481 Winmark shares worth approximately $13.3 million, giving it a 0.88% stake. Institutional investors collectively own 73.32% of the company.
• Winmark reported quarterly EPS of $2.81, missing the $3.14 analyst consensus, while revenue of $21.97 million slightly exceeded expectations. The stock opened at $326.05, near its 52-week low, and analysts maintain an overall “Hold” rating.
• The company paid a quarterly dividend of $1.02 per share, equivalent to $4.08 annually and a 1.3% yield, with a 37.02% payout ratio.

Bank of New York Mellon Corp purchased a new position in shares of Winmark Corporation (NASDAQ:WINA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 31,481 shares of the specialty retailer's stock, valued at approximately $13,319,000. Bank of New York Mellon Corp owned about 0.88% of Winmark as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Legacy Wealth Asset Management LLC purchased a new position in shares of Winmark in the second quarter worth about $295,000. GAMMA Investing LLC lifted its stake in shares of Winmark by 141.5% during the 2nd quarter. GAMMA Investing LLC now owns 99 shares of the specialty retailer's stock valued at $42,000 after buying an additional 58 shares in the last quarter. Pacer Advisors Inc. bought a new position in Winmark in the 1st quarter worth approximately $143,000. Empowered Funds LLC purchased a new position in Winmark in the 1st quarter valued at approximately $204,000. Finally, Bank of America Corp DE grew its stake in Winmark by 14.7% in the 1st quarter. Bank of America Corp DE now owns 14,712 shares of the specialty retailer's stock valued at $6,290,000 after buying an additional 1,886 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 data from MarketBeat.com, the company currently has an average rating of "Hold".

Winmark Price Performance

Shares of WINA opened at $326.05 on Wednesday. Winmark Corporation has a 1-year low of $317.83 and a 1-year high of $527.37. The company has a market capitalization of $1.17 billion, a P/E ratio of 29.59 and a beta of 0.54. The firm's 50 day simple moving average is $368.82 and its 200 day simple moving average is $394.78.

Winmark (NASDAQ:WINA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The specialty retailer reported $2.81 EPS for the quarter, missing analysts' consensus estimates 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $4.08 annualized dividend and a yield of 1.3%. Winmark's payout ratio is 37.02%.

Winmark Company Profile

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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