Squarepoint Ops LLC Reduces Stock Position in Winmark Corporation $WINA

Key Points

• Squarepoint Ops LLC cut its Winmark position by 88.2% in the second quarter, selling 7,674 shares and retaining 1,028 shares valued at approximately $435,000.
• Winmark reported quarterly EPS of $2.81, below the $3.14 consensus estimate, while revenue of $21.97 million exceeded expectations. The company also paid a quarterly dividend of $1.02 per share, representing a 1.4% yield.
• Winmark shares opened at $286.19, near their 52-week low of $280.05, and the stock holds a consensus “Hold” rating. Institutional investors and hedge funds own 73.32% of the company.

Squarepoint Ops LLC trimmed its position in Winmark Corporation (NASDAQ:WINA - Free Report) by 88.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,028 shares of the specialty retailer's stock after selling 7,674 shares during the period. Squarepoint Ops LLC's holdings in Winmark were worth $435,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. State of Wyoming grew its holdings in shares of Winmark by 144.8% during the first quarter. State of Wyoming now owns 71 shares of the specialty retailer's stock worth $30,000 after buying an additional 42 shares in the last quarter. Global Retirement Partners LLC purchased a new position in shares of Winmark during the second quarter valued at approximately $35,000. GAMMA Investing LLC boosted its position in Winmark by 141.5% during the second quarter. GAMMA Investing LLC now owns 99 shares of the specialty retailer's stock worth $42,000 after acquiring an additional 58 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Winmark during the fourth quarter worth approximately $50,000. Finally, Nykredit A S purchased a new stake in Winmark in the 2nd quarter worth approximately $102,000. 73.32% of the stock is owned by institutional investors and hedge funds.

Winmark Stock Performance

NASDAQ WINA opened at $286.19 on Tuesday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 25.97 and a beta of 0.54. Winmark Corporation has a one year low of $280.05 and a one year high of $527.37. The company's 50 day moving average price is $338.93 and its 200 day moving average price is $379.96.

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

Winmark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, August 12th. Winmark's dividend payout ratio is 37.02%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Winmark from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Winmark currently has a consensus rating of "Hold".

About Winmark

Winmark Corporation NASDAQ: WINA is a franchisor that develops and supports resale retail businesses in the United States and Canada. Its portfolio includes Plato's Closet, which buys and sells gently used apparel and accessories for teens and young adults; Once Upon A Child, which focuses on children's clothing, toys and equipment; Play It Again Sports, which specializes in new and used sporting goods; Style Encore, which sells secondhand women's clothing and accessories; and Music Go Round, which offers new and used musical instruments and equipment.

Winmark's primary business activities include granting franchises, collecting royalties and providing franchisees with operational support, marketing programs, training, technology and store-development resources.

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