Port Capital LLC Makes New Investment in Winmark Corporation $WINA

Key Points

• Port Capital LLC acquired 86,767 Winmark shares worth approximately $36.7 million, giving it a 2.42% stake; institutional investors collectively own 73.32% of the company.
• Winmark shares opened at $346.07, down 0.3%, while the company’s latest quarterly EPS of $2.81 missed estimates of $3.14 despite revenue exceeding forecasts.
• Analysts maintain a consensus “Hold” rating, while Winmark’s recently announced quarterly dividend of $1.02 per share represents a 1.2% annualized yield.

Port Capital LLC acquired a new stake in shares of Winmark Corporation (NASDAQ:WINA - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 86,767 shares of the specialty retailer's stock, valued at approximately $36,709,000. Winmark makes up about 1.5% of Port Capital LLC's holdings, making the stock its 26th biggest position. Port Capital LLC owned 2.42% of Winmark at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Winmark during the second quarter valued at approximately $207,212,000. Vanguard Group Inc. boosted its stake in Winmark by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 186,832 shares of the specialty retailer's stock worth $75,656,000 after purchasing an additional 6,235 shares during the period. First Trust Advisors LP grew its position in Winmark by 56.0% during the 4th quarter. First Trust Advisors LP now owns 152,018 shares of the specialty retailer's stock worth $61,558,000 after purchasing an additional 54,567 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Winmark by 18.3% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 96,314 shares of the specialty retailer's stock worth $39,001,000 after purchasing an additional 14,881 shares in the last quarter. Finally, State Street Corp grew its position in Winmark by 11.1% during the 4th quarter. State Street Corp now owns 83,822 shares of the specialty retailer's stock worth $33,943,000 after purchasing an additional 8,372 shares in the last quarter. 73.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Winmark in a report on Tuesday, July 14th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold".

Winmark Trading Down 0.3%

Shares of NASDAQ:WINA opened at $346.07 on Thursday. Winmark Corporation has a 1 year low of $325.06 and a 1 year high of $527.37. The business has a fifty day simple moving average of $374.15 and a 200 day simple moving average of $397.88. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 31.40 and a beta of 0.53.

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

Winmark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Winmark's payout ratio is 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.

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