Raymond James Financial Inc. Buys 3,467 Shares of Winmark Corporation $WINA

Key Points

• Raymond James Financial Inc. increased its stake in Winmark Corporation by 11.3%, holding approximately 34,176 shares valued at $10.86 million.
• CEO Brett D. Heffes sold 4,971 shares of Winmark's stock for over $2.26 million, which reduced his ownership by 4.16%.
• Winmark recently announced a dividend of $0.96 per share, translating to an annual yield of 0.8%, with a dividend payout ratio of 34.19%.

Raymond James Financial Inc. raised its holdings in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 11.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,176 shares of the specialty retailer's stock after acquiring an additional 3,467 shares during the quarter. Raymond James Financial Inc. owned approximately 0.97% of Winmark worth $10,864,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in shares of Winmark by 115.0% during the 1st quarter. Russell Investments Group Ltd. now owns 2,574 shares of the specialty retailer's stock valued at $818,000 after purchasing an additional 1,377 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Winmark in the first quarter worth about $2,925,000. Cynosure Group LLC boosted its stake in Winmark by 37.2% during the first quarter. Cynosure Group LLC now owns 1,058 shares of the specialty retailer's stock valued at $336,000 after buying an additional 287 shares during the last quarter. National Bank of Canada FI grew its holdings 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 buying an additional 81 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Winmark by 172.6% during the 1st quarter. Deutsche Bank AG now owns 6,453 shares of the specialty retailer's stock valued at $2,051,000 after buying an additional 4,086 shares in the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

Winmark Stock Performance

Shares of WINA traded up $12.35 during mid-day trading on Thursday, hitting $476.21. 24,647 shares of the stock were exchanged, compared to its average volume of 84,570. The company has a market cap of $1.69 billion, a PE ratio of 42.39 and a beta of 0.65. Winmark Corporation has a 52-week low of $295.79 and a 52-week high of $476.60. The firm has a 50-day moving average of $400.29 and a two-hundred day moving average of $378.54.

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

Winmark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Wednesday, August 13th were issued 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%.

Insider Activity

In related news, CEO Brett D. Heffes sold 4,971 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 114,400 shares of the company's stock, valued at approximately $51,925,016. This trade represents a 4.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 10.10% of the company's stock.

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.