Copeland Capital Management LLC Increases Stake in Winmark Corporation $WINA

Key Points

• Copeland Capital Management LLC increased its stake in Winmark Corporation by 16.3%, owning approximately 2.07% of the company worth $27.76 million after buying an additional 10,292 shares.
• Winmark Corporation's quarterly earnings exceeded expectations, reporting $2.89 per share against a consensus estimate of $2.88, alongside revenue that also surpassed projections.
• The company announced a quarterly dividend of $0.96 per share, reflecting an annualized rate of $3.84 and a dividend yield of 0.7% with a payout ratio of 34.19%.

Copeland Capital Management LLC raised its holdings in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 16.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,501 shares of the specialty retailer's stock after buying an additional 10,292 shares during the period. Copeland Capital Management LLC owned about 2.07% of Winmark worth $27,755,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Teacher Retirement System of Texas boosted its position in shares of Winmark by 12.2% in the first quarter. Teacher Retirement System of Texas now owns 3,947 shares of the specialty retailer's stock worth $1,255,000 after purchasing an additional 428 shares during the period. Hsbc Holdings PLC bought a new position in shares of Winmark in the first quarter worth approximately $233,000. TrueMark Investments LLC bought a new position in shares of Winmark in the first quarter worth approximately $487,000. Allspring Global Investments Holdings LLC boosted its position in shares of Winmark by 2,706.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 25,034 shares of the specialty retailer's stock worth $7,958,000 after purchasing an additional 24,142 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Winmark by 23.1% in the first 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 owned by hedge funds and other institutional investors.

Winmark Price Performance

WINA opened at $517.89 on Friday. The firm has a market cap of $1.84 billion, a P/E ratio of 46.12 and a beta of 0.71. Winmark Corporation has a 1-year low of $295.79 and a 1-year high of $518.48. The company has a 50 day simple moving average of $452.22 and a two-hundred day simple moving average of $402.76.

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

Winmark Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Lawrence A. Barbetta sold 852 shares of the company'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 completion of the transaction, the director owned 649 shares in the company, valued at approximately $327,757.98. This represents a 56.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brett D. Heffes sold 4,971 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $453.89, for a total transaction of $2,256,287.19. Following the transaction, the chief executive officer owned 114,400 shares of the company's stock, valued at approximately $51,925,016. This represents a 4.16% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,264 shares of company stock valued at $3,797,366. 10.10% of the stock is owned by company insiders.

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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