Vanguard Group Inc. Has $54.46 Million Holdings in Winmark Corporation $WINA

Key Points

• Vanguard Group Inc. has increased its stake in Winmark Corporation to approximately $54.46 million, now owning about 4.85% of the company after acquiring additional shares in the first quarter.
• Winmark recently reported quarterly earnings of $2.89 per share, surpassing estimates, and had revenues of $20.42 million, slightly above expectations.
• The company declared a $0.96 per share dividend to be paid on September 2nd, reflecting an annualized yield of 0.8% and a payout ratio of 34.19%.

Vanguard Group Inc. raised its stake in Winmark Corporation (NASDAQ:WINA - Free Report) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,334 shares of the specialty retailer's stock after acquiring an additional 2,382 shares during the quarter. Vanguard Group Inc. owned approximately 4.85% of Winmark worth $54,462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bessemer Group Inc. raised its holdings in Winmark by 4.0% in the 1st quarter. Bessemer Group Inc. now owns 55,132 shares of the specialty retailer's stock valued at $17,525,000 after buying an additional 2,142 shares during the last quarter. Northern Trust Corp raised its holdings in Winmark by 5.8% during the 4th quarter. Northern Trust Corp now owns 46,666 shares of the specialty retailer's stock worth $18,343,000 after purchasing an additional 2,577 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Winmark by 2,706.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,034 shares of the specialty retailer's stock worth $7,958,000 after purchasing an additional 24,142 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Winmark by 33.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 23,923 shares of the specialty retailer's stock worth $7,604,000 after purchasing an additional 5,932 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in Winmark by 3.1% during the 1st quarter. CWA Asset Management Group LLC now owns 13,586 shares of the specialty retailer's stock worth $4,319,000 after purchasing an additional 411 shares during the last quarter. Institutional investors own 73.32% of the company's stock.

Winmark Stock Performance

Winmark stock opened at $457.50 on Tuesday. The firm has a 50 day moving average price of $394.94 and a two-hundred day moving average price of $374.71. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 40.74 and a beta of 0.60. Winmark Corporation has a 52-week low of $295.79 and a 52-week high of $459.92.

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. Winmark had a net margin of 49.48% and a negative return on equity of 98.49%. The business had revenue of $20.42 million during the quarter, compared to the consensus estimate of $20.31 million.

Winmark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, August 13th. Winmark's payout ratio is currently 34.19%.

Insider Activity at Winmark

In other news, CFO Anthony D. Ishaug sold 4,000 shares of Winmark stock in a transaction on Friday, May 30th. The stock was sold at an average price of $425.95, for a total transaction of $1,703,800.00. Following the sale, the chief financial officer directly owned 56,683 shares in the company, valued at $24,144,123.85. The trade was a 6.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.

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