Legal & General Group Plc Purchases Shares of 7,068 Winmark Corporation $WINA

Key Points

• Legal & General Group Plc acquired 7,068 Winmark shares worth approximately $2.99 million, giving it a 0.20% stake. Institutional investors and hedge funds collectively own 73.32% of Winmark.
• Winmark shares opened at $318.17, near their one-year low of $315.00 and below their 50-day and 200-day moving averages. The company recently reported quarterly EPS of $2.81, missing the $3.14 consensus estimate, while revenue slightly exceeded expectations.
• Analysts maintain a “Hold” view on Winmark. The company also paid a quarterly dividend of $1.02, equivalent to an annualized $4.08 payout and a 1.3% yield.

Legal & General Group Plc acquired a new position in Winmark Corporation (NASDAQ:WINA - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 7,068 shares of the specialty retailer's stock, valued at approximately $2,990,000. Legal & General Group Plc owned 0.20% of Winmark as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in WINA. BlackRock Inc. acquired a new stake in Winmark in the 2nd quarter valued at approximately $207,212,000. Alliancebernstein L.P. lifted its holdings in shares of Winmark by 2,358.0% during the second quarter. Alliancebernstein L.P. now owns 73,739 shares of the specialty retailer's stock worth $27,845,000 after buying an additional 70,739 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Winmark by 534.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 81,433 shares of the specialty retailer's stock valued at $40,535,000 after acquiring an additional 68,603 shares during the period. First Trust Advisors LP boosted its position in shares of Winmark by 56.0% in the fourth quarter. First Trust Advisors LP now owns 152,018 shares of the specialty retailer's stock valued at $61,558,000 after acquiring an additional 54,567 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in Winmark by 97.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 82,386 shares of the specialty retailer's stock worth $33,361,000 after acquiring an additional 40,699 shares during the period. Institutional investors and hedge funds own 73.32% of the company's stock.

Wall Street Analysts Forecast Growth

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

Winmark Trading Up 0.2%

WINA opened at $318.17 on Friday. The stock's 50 day simple moving average is $362.37 and its 200-day simple moving average is $392.44. The stock has a market cap of $1.14 billion, a PE ratio of 28.87 and a beta of 0.54. Winmark Corporation has a 1 year low of $315.00 and a 1 year high of $527.37.

Winmark (NASDAQ:WINA - Get Free Report) last issued its earnings results on Wednesday, July 15th. The specialty retailer reported $2.81 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.33). The firm had revenue of $21.97 million during the quarter, compared to the consensus estimate of $21.67 million. Winmark had a negative return on equity of 99.47% and a net margin of 47.09%.

Winmark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th were paid a $1.02 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.3%. Winmark's payout ratio is presently 37.02%.

Winmark Company Profile

Winmark Corporation NASDAQ: WINA is a franchisor of retail resale stores, specializing in the resale of apparel, sporting goods, children's and maternity clothing, toys, and entertainment media. Through its portfolio of well-known brands—such as Plato's Closet, Once Upon a Child, Play It Again Sports, and Style Encore—Winmark provides aspiring entrepreneurs the opportunity to own and operate neighborhood resale businesses. The company supports its franchisees with site selection, store design, training programs, and ongoing marketing assistance, emphasizing a turnkey approach to retail entrepreneurship.

Each of Winmark's franchised brands targets a distinct consumer segment.

Want to see what other hedge funds are holding WINA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Winmark Corporation (NASDAQ:WINA - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source