Goldman Sachs Group Inc. Boosts 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. lifted its position in Winmark Corporation (NASDAQ:WINA - Free Report) by 28.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,279 shares of the specialty retailer's stock after purchasing an additional 4,653 shares during the period. Goldman Sachs Group Inc. owned 0.60% of Winmark worth $6,764,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Winmark during the fourth quarter worth $31,000. National Bank of Canada FI increased its stake in Winmark by 147.3% during the 1st quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer's stock valued at $43,000 after purchasing an additional 81 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in Winmark during the 4th quarter worth about $146,000. Snowden Capital Advisors LLC increased its holdings in Winmark by 10.6% in 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 during the period. Finally, Hsbc Holdings PLC acquired a new stake in shares of Winmark in the first quarter worth $233,000. Institutional investors own 73.32% of the company's stock.

Insiders Place Their Bets

In other Winmark news, CEO Brett D. Heffes sold 4,971 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $453.89, for a total transaction of $2,256,287.19. Following the transaction, the chief executive officer directly owned 114,400 shares of the company's stock, valued at $51,925,016. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 10.10% of the company's stock.

Winmark Stock Down 4.9%

Shares of WINA stock opened at $488.95 on Monday. Winmark Corporation has a 52-week low of $295.79 and a 52-week high of $518.48. The stock has a market cap of $1.74 billion, a PE ratio of 43.54 and a beta of 0.65. The business has a 50-day simple moving average of $415.70 and a 200-day simple moving average of $385.67.

Winmark (NASDAQ:WINA - Get Free Report) last released its quarterly earnings data on Tuesday, July 15th. The specialty retailer reported $2.89 EPS for the quarter, topping 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 business had revenue of $20.42 million for the quarter, compared to analyst estimates of $20.31 million.

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 given a $0.96 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. Winmark's payout ratio is 34.19%.

About Winmark

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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