Vestcor Inc Reduces Holdings in Winmark Corporation (NASDAQ:WINA)

Key Points

• Vestcor Inc has decreased its stake in Winmark Corporation by 19.2%, now holding 18,000 shares valued at approximately $5.72 million.
• Winmark reported earnings of $2.89 per share for the last quarter, exceeding estimates by $0.01, and had a net margin of 49.48%.
• The company declared a quarterly dividend of $0.96 per share, with a dividend yield of 1.00%, payable on September 2nd.

Vestcor Inc trimmed its position in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 19.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 18,000 shares of the specialty retailer's stock after selling 4,284 shares during the quarter. Vestcor Inc owned about 0.51% of Winmark worth $5,722,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 valued at $7,958,000 after acquiring an additional 24,142 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Winmark by 2.0% in the 4th quarter. Neuberger Berman Group LLC now owns 333,273 shares of the specialty retailer's stock worth $131,000,000 after purchasing an additional 6,521 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Winmark by 26.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 30,191 shares of the specialty retailer's stock worth $11,867,000 after purchasing an additional 6,248 shares during the period. Envestnet Asset Management Inc. raised its stake 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 acquiring an additional 5,932 shares during the period. Finally, Kennedy Capital Management LLC raised its stake in Winmark by 36.2% during the 4th quarter. Kennedy Capital Management LLC now owns 17,192 shares of the specialty retailer's stock worth $6,758,000 after acquiring an additional 4,570 shares during the period. 73.32% of the stock is owned by hedge funds and other institutional investors.

Winmark Trading Down 1.8%

NASDAQ WINA traded down $6.68 on Friday, reaching $370.74. 50,679 shares of the stock were exchanged, compared to its average volume of 86,454. Winmark Corporation has a one year low of $295.79 and a one year high of $459.92. The firm has a market capitalization of $1.32 billion, a PE ratio of 33.01 and a beta of 0.56. The company's 50-day simple moving average is $398.92 and its two-hundred day simple moving average is $371.86.

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 business had revenue of $20.42 million during the quarter, compared to analyst estimates of $20.31 million.

Winmark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, August 13th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.0%. Winmark's dividend payout ratio (DPR) is 34.19%.

Insider Buying and Selling at Winmark

In related news, CFO Anthony D. Ishaug sold 4,000 shares of the firm's stock in a transaction on 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 directly owned 56,683 shares of the company's stock, valued at approximately $24,144,123.85. This trade represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 10.10% of the company's stock.

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.