Victory Capital Management Inc. Has $4.21 Million Stake in Winmark Corporation (NASDAQ:WINA)

Key Points

• Victory Capital Management Inc. reduced its stake in Winmark Corporation by 22.2%, owning 13,247 shares valued at $4.21 million at the end of the first quarter.
• Winmark's quarterly earnings report showed EPS of $2.89, slightly beating estimates, with a net margin of 49.48% and revenue of $20.42 million.
• The company declared a quarterly dividend of $0.96, representing a 1.00% dividend yield and a payout ratio of 34.19%.

Victory Capital Management Inc. decreased its position in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 22.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,247 shares of the specialty retailer's stock after selling 3,773 shares during the period. Victory Capital Management Inc. owned 0.38% of Winmark worth $4,211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sei Investments Co. raised its position in shares of Winmark by 9.6% during the fourth quarter. Sei Investments Co. now owns 1,834 shares of the specialty retailer's stock valued at $721,000 after buying an additional 160 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Winmark during the fourth quarter valued at about $236,000. LPL Financial LLC raised its position in shares of Winmark by 32.7% during the fourth quarter. LPL Financial LLC now owns 2,171 shares of the specialty retailer's stock valued at $853,000 after buying an additional 535 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Winmark by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 168,952 shares of the specialty retailer's stock valued at $66,410,000 after buying an additional 1,389 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Winmark by 23.2% during the fourth quarter. JPMorgan Chase & Co. now owns 10,747 shares of the specialty retailer's stock valued at $4,224,000 after buying an additional 2,025 shares during the last quarter. Institutional investors and hedge funds own 73.32% of the company's stock.

Insider Transactions at Winmark

In related news, CFO Anthony D. Ishaug sold 4,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $425.95, for a total value of $1,703,800.00. Following the completion of the transaction, the chief financial officer owned 56,683 shares of the company's stock, valued at $24,144,123.85. This represents a 6.59% decrease in their ownership of the stock. 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 company insiders.

Winmark Stock Performance

Shares of WINA opened at $383.20 on Monday. The company has a 50-day simple moving average of $402.16 and a 200-day simple moving average of $371.74. The firm has a market capitalization of $1.36 billion, a P/E ratio of 34.12 and a beta of 0.56. 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 announced its quarterly earnings data on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.88 by $0.01. Winmark had a net margin of 49.48% and a negative return on equity of 98.49%. The company had revenue of $20.42 million during the quarter, compared to analysts' expectations of $20.31 million.

Winmark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 1.00%. The ex-dividend date is Wednesday, August 13th. Winmark's dividend payout ratio (DPR) is presently 34.19%.

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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