Goldman Sachs Group Inc. Raises Position in Winmark Corporation $WINA

Key Points

• Goldman Sachs Group Inc. increased its stake in Winmark Corporation by 28.0%, holding 21,279 shares worth approximately $6.76 million as of the end of the most recent quarter.
• Winmark's CEO, Brett D. Heffes, sold 4,971 shares for over $2.25 million, reducing his ownership by 4.16% to 114,400 shares.
• The company's most recent dividend payout was $0.96 per share, representing an annualized yield of 0.8%, with a payout ratio of 34.19%.

Goldman Sachs Group Inc. grew its stake in Winmark Corporation (NASDAQ:WINA - Free Report) by 28.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,279 shares of the specialty retailer's stock after acquiring an additional 4,653 shares during the quarter. Goldman Sachs Group Inc. owned 0.60% of Winmark worth $6,764,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Winmark in the fourth quarter worth $31,000. National Bank of Canada FI raised its stake in shares of Winmark by 147.3% in the first quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer's stock worth $43,000 after purchasing an additional 81 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Winmark in the fourth quarter worth $146,000. Hsbc Holdings PLC purchased a new position in shares of Winmark in the first quarter worth $233,000. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of Winmark by 36.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 766 shares of the specialty retailer's stock worth $243,000 after purchasing an additional 206 shares during the last quarter. 73.32% of the stock is owned by institutional investors.

Insider Transactions at Winmark

In other news, Director Lawrence A. Barbetta sold 852 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $505.02, for a total value of $430,277.04. Following the completion of the transaction, the director owned 649 shares of the company's stock, valued at $327,757.98. This represents a 56.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brett D. Heffes sold 4,971 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $453.89, for a total value of $2,256,287.19. Following the transaction, the chief executive officer directly owned 114,400 shares of the company's stock, valued at approximately $51,925,016. The trade was a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,264 shares of company stock valued at $3,797,366. Corporate insiders own 10.10% of the company's stock.

Winmark Stock Performance

Shares of WINA stock traded down $12.94 during mid-day trading on Friday, hitting $502.01. The company's stock had a trading volume of 14,828 shares, compared to its average volume of 84,210. Winmark Corporation has a 52-week low of $295.79 and a 52-week high of $518.48. The business has a 50-day moving average price of $426.89 and a 200 day moving average price of $389.74. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 44.91 and a beta of 0.65.

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

Winmark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were paid a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. Winmark's dividend payout ratio is 34.19%.

Winmark Company 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.