William Blair Investment Management LLC Trims Stock Position in Winmark Corporation $WINA

Key Points

• William Blair Investment Management LLC reduced its stake in Winmark Corporation by 31.2% during the second quarter, now holding approximately 1.71% of the company's shares valued at $22.97 million.
• Winmark Corporation reported earnings of $3.02 EPS, missing analysts' expectations of $3.22, although its revenue exceeded estimates at $22.63 million.
• The company declared a quarterly dividend of $0.96 per share, with the payment date set for December 1st and a dividend yield of 0.9%.

William Blair Investment Management LLC cut its holdings in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 31.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,835 shares of the specialty retailer's stock after selling 27,601 shares during the quarter. William Blair Investment Management LLC owned about 1.71% of Winmark worth $22,972,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Winmark by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 171,334 shares of the specialty retailer's stock worth $54,462,000 after purchasing an additional 2,382 shares during the period. Copeland Capital Management LLC raised its holdings in shares of Winmark by 16.3% during the 2nd quarter. Copeland Capital Management LLC now owns 73,501 shares of the specialty retailer's stock valued at $27,755,000 after buying an additional 10,292 shares during the period. Bessemer Group Inc. raised its holdings in shares of Winmark by 4.0% during 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 period. Northern Trust Corp grew its stake in Winmark by 0.9% during the 1st quarter. Northern Trust Corp now owns 47,076 shares of the specialty retailer's stock valued at $14,964,000 after purchasing an additional 410 shares in the last quarter. Finally, Raymond James Financial Inc. grew its stake in Winmark by 11.3% during the 1st quarter. Raymond James Financial Inc. now owns 34,176 shares of the specialty retailer's stock valued at $10,864,000 after purchasing an additional 3,467 shares in the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

Winmark Price Performance

Shares of Winmark stock opened at $436.64 on Monday. Winmark Corporation has a 1-year low of $295.79 and a 1-year high of $527.37. The business's fifty day moving average price is $469.15 and its two-hundred day moving average price is $414.49. The company has a market capitalization of $1.55 billion, a P/E ratio of 38.92 and a beta of 0.71.

Winmark (NASDAQ:WINA - Get Free Report) last issued its earnings results on Wednesday, October 15th. The specialty retailer reported $3.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.22 by ($0.20). The company had revenue of $22.63 million during the quarter, compared to analyst estimates of $20.19 million. Winmark had a negative return on equity of 103.08% and a net margin of 48.84%.

Winmark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Wednesday, November 12th. Winmark's dividend payout ratio is 34.22%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Director Lawrence A. Barbetta sold 852 shares of the company's stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $505.02, for a total transaction of $430,277.04. Following the completion of the sale, the director owned 649 shares in the company, valued at approximately $327,757.98. This represents a 56.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brett D. Heffes sold 4,971 shares of the stock in a transaction that occurred 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 sale, the chief executive officer owned 114,400 shares of the company's stock, valued at approximately $51,925,016. The trade was a 4.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,264 shares of company stock valued at $3,797,366. 10.10% of the stock is currently owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.