Public Employees Retirement System of Ohio Cuts Position in Winmark Corporation $WINA

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Winmark Corporation by 40.4% during the second quarter, now holding approximately 4,331 shares worth $1,635,000.
• Winmark recently declared a quarterly dividend of $0.96 per share, leading to an annualized dividend yield of 0.7% and a payout ratio of 34.19%.
• The company reported earnings of $2.89 per share for the last quarter, surpassing analyst expectations and achieving a net margin of 49.48%.

Public Employees Retirement System of Ohio lessened its holdings in Winmark Corporation (NASDAQ:WINA - Free Report) by 40.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,331 shares of the specialty retailer's stock after selling 2,940 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.12% of Winmark worth $1,635,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Annex Advisory Services LLC boosted its stake in shares of Winmark by 4.9% in the 2nd quarter. Annex Advisory Services LLC now owns 3,515 shares of the specialty retailer's stock worth $1,327,000 after buying an additional 163 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Winmark by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,279 shares of the specialty retailer's stock worth $6,764,000 after purchasing an additional 4,653 shares during the period. Rhumbline Advisers raised its holdings in shares of Winmark by 23.1% in the 1st 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. Jane Street Group LLC raised its holdings in shares of Winmark by 391.2% in the 1st quarter. Jane Street Group LLC now owns 3,787 shares of the specialty retailer's stock worth $1,204,000 after purchasing an additional 3,016 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Winmark by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,252 shares of the specialty retailer's stock worth $1,987,000 after purchasing an additional 386 shares during the period. Hedge funds and other institutional investors own 73.32% of the company's stock.

Winmark Stock Down 1.1%

WINA opened at $512.35 on Friday. The stock has a market cap of $1.82 billion, a PE ratio of 45.62 and a beta of 0.71. Winmark Corporation has a 52 week low of $295.79 and a 52 week high of $527.37. The business's fifty day simple moving average is $454.81 and its 200 day simple moving average is $404.06.

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 (EPS) for the quarter, beating the consensus estimate 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 Announces Dividend

The company also recently declared 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 of this dividend was Wednesday, August 13th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. Winmark's dividend payout ratio (DPR) is 34.19%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Winmark in a report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of "Buy".

Insider Activity at Winmark

In related news, CEO Brett D. Heffes sold 4,971 shares of the firm's 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 sale, the chief executive officer owned 114,400 shares in the company, valued at approximately $51,925,016. This trade represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lawrence A. Barbetta sold 852 shares of Winmark stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $505.02, for a total transaction of $430,277.04. Following the transaction, the director owned 649 shares in the company, valued at $327,757.98. This represents a 56.76% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,264 shares of company stock valued at $3,797,366 in the last three months. 10.10% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.