Winmark Corporation $WINA Shares Sold by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System cut its Winmark stake by 17.1% in the second quarter, selling 681 shares and retaining 3,292 shares valued at approximately $1.39 million. Institutional investors collectively own 73.32% of the company.
• Winmark’s shares fell to $298.38, near the company’s 52-week low of $291.60 and well below its 52-week high of $527.37. The stock carries a consensus “Hold” rating.
• The company reported quarterly EPS of $2.81, missing analysts’ $3.14 estimate, while revenue of $21.97 million exceeded expectations. Winmark also declared a quarterly dividend of $1.02 per share, representing a 1.4% yield.

California State Teachers Retirement System lessened its position in Winmark Corporation (NASDAQ:WINA - Free Report) by 17.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,292 shares of the specialty retailer's stock after selling 681 shares during the quarter. California State Teachers Retirement System owned approximately 0.09% of Winmark worth $1,392,779 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Winmark during the second quarter worth about $207,212,000. Port Capital LLC bought a new stake in Winmark during the second quarter worth $36,709,000. Dimensional Fund Advisors LP raised its position in shares of Winmark by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 74,379 shares of the specialty retailer's stock worth $31,800,000 after buying an additional 3,771 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Winmark by 3.5% in the 1st quarter. Bessemer Group Inc. now owns 42,738 shares of the specialty retailer's stock worth $18,273,000 after buying an additional 1,440 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Winmark in the 2nd quarter worth about $13,319,000. 73.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Winmark Price Performance

NASDAQ WINA traded down $1.09 on Tuesday, hitting $298.38. 79,916 shares of the stock were exchanged, compared to its average volume of 66,299. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 27.07 and a beta of 0.54. The company's 50-day moving average price is $349.01 and its two-hundred day moving average price is $385.87. Winmark Corporation has a 52-week low of $291.60 and a 52-week high of $527.37.

Winmark (NASDAQ:WINA - Get Free Report) last posted its quarterly earnings data 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). Winmark had a negative return on equity of 99.47% and a net margin of 47.09%.The firm had revenue of $21.97 million for the quarter, compared to analyst estimates of $21.67 million.

Winmark Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th were given a dividend of $1.02 per share. The ex-dividend date was Wednesday, August 12th. This represents a $4.08 annualized dividend and a dividend yield of 1.4%. Winmark's payout ratio is currently 37.02%.

Winmark Company Profile

Winmark Corporation NASDAQ: WINA is a franchisor that develops and supports resale retail businesses in the United States and Canada. Its portfolio includes Plato's Closet, which buys and sells gently used apparel and accessories for teens and young adults; Once Upon A Child, which focuses on children's clothing, toys and equipment; Play It Again Sports, which specializes in new and used sporting goods; Style Encore, which sells secondhand women's clothing and accessories; and Music Go Round, which offers new and used musical instruments and equipment.

Winmark's primary business activities include granting franchises, collecting royalties and providing franchisees with operational support, marketing programs, training, technology and store-development resources.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.