Vest Financial LLC Purchases New Holdings in Winmark Corporation $WINA

Key Points

• Vest Financial LLC purchased a new stake in Winmark Corporation valued at approximately $970,000, owning 0.07% of the company after the transaction.
• Winmark recently reported a quarterly earnings result of $3.02 EPS, missing analysts' consensus estimates by $0.20, despite exceeding revenue expectations with $22.63 million.
• The company will issue a quarterly dividend of $0.96 per share, with an annualized yield of 0.9%, payable on December 1st to investors of record on November 12th.

Vest Financial LLC purchased a new stake in Winmark Corporation (NASDAQ:WINA - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,570 shares of the specialty retailer's stock, valued at approximately $970,000. Vest Financial LLC owned 0.07% of Winmark at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas lifted its stake in Winmark by 12.2% during the first quarter. Teacher Retirement System of Texas now owns 3,947 shares of the specialty retailer's stock worth $1,255,000 after purchasing an additional 428 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Winmark during the first quarter worth $233,000. TrueMark Investments LLC bought a new stake in Winmark during the first quarter worth $487,000. Allspring Global Investments Holdings LLC lifted its stake in Winmark by 2,706.5% during the first 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. Finally, Russell Investments Group Ltd. lifted its stake in Winmark by 115.0% during the first quarter. Russell Investments Group Ltd. now owns 2,574 shares of the specialty retailer's stock worth $818,000 after purchasing an additional 1,377 shares during the last quarter. 73.32% of the stock is currently owned by institutional investors.

Winmark Stock Performance

Shares of WINA opened at $450.69 on Thursday. Winmark Corporation has a 52 week low of $295.79 and a 52 week high of $527.37. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 40.13 and a beta of 0.71. The stock has a fifty day moving average of $467.25 and a 200-day moving average of $411.56.

Winmark (NASDAQ:WINA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 15th. The specialty retailer reported $3.02 EPS for the quarter, missing analysts' consensus estimates of $3.22 by ($0.20). Winmark had a net margin of 49.48% and a negative return on equity of 98.49%. The firm had revenue of $22.63 million during the quarter, compared to the consensus estimate of $20.19 million.

Winmark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, November 12th. Winmark's dividend payout ratio is presently 34.19%.

Insiders Place Their Bets

In related news, Director Lawrence A. Barbetta sold 852 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $505.02, for a total value of $430,277.04. Following the completion of the sale, the director directly owned 649 shares in the company, valued at $327,757.98. This represents a 56.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brett D. Heffes sold 4,971 shares of the stock in a transaction 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 completion of the sale, the chief executive officer owned 114,400 shares of the company's stock, valued at $51,925,016. The trade was a 4.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,264 shares of company stock valued at $3,797,366 over the last 90 days. 10.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Winmark from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold".

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.

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