Charles Schwab Investment Management Inc. Has $7.51 Million Stock Position in Winmark Corporation $WINA

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Winmark Corporation by 2.6% during the first quarter, owning approximately $7.51 million worth of shares after selling 626 shares.
• Winmark recently reported earnings of $2.89 per share for the quarter, slightly exceeding analyst expectations, with a revenue of $20.42 million.
• The company declared a quarterly dividend of $0.96 per share, which translates to an annualized yield of 0.9%, payable on September 2nd.

Charles Schwab Investment Management Inc. lowered its holdings in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 2.6% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,620 shares of the specialty retailer's stock after selling 626 shares during the period. Charles Schwab Investment Management Inc. owned about 0.67% of Winmark worth $7,508,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Exchange Traded Concepts LLC raised its holdings in shares of Winmark by 8.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 785 shares of the specialty retailer's stock worth $250,000 after buying an additional 60 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Winmark by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,659 shares of the specialty retailer's stock worth $652,000 after buying an additional 62 shares in the last quarter. Snowden Capital Advisors LLC raised its holdings in shares of Winmark by 10.6% during the 4th quarter. Snowden Capital Advisors LLC now owns 680 shares of the specialty retailer's stock worth $267,000 after buying an additional 65 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Winmark during the 4th quarter worth $31,000. Finally, Mariner LLC raised its holdings in shares of Winmark by 10.0% during the 4th quarter. Mariner LLC now owns 866 shares of the specialty retailer's stock worth $340,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 73.32% of the company's stock.

Insiders Place Their Bets

In related news, CFO Anthony D. Ishaug sold 4,000 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $425.95, for a total value of $1,703,800.00. Following the completion of the sale, the chief financial officer directly owned 56,683 shares in the company, valued at $24,144,123.85. This represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.10% of the stock is owned by insiders.

Winmark Stock Down 1.8%

NASDAQ WINA opened at $449.22 on Wednesday. Winmark Corporation has a twelve month low of $295.79 and a twelve month high of $460.64. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 40.00 and a beta of 0.60. The business's fifty day moving average is $395.04 and its 200 day moving average is $375.23.

Winmark (NASDAQ:WINA - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.01. Winmark had a negative return on equity of 98.49% and a net margin of 49.48%.The company had revenue of $20.42 million for the quarter, compared to the consensus estimate of $20.31 million.

Winmark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, August 13th. Winmark's dividend payout ratio is presently 34.19%.

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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