Winmark Corporation $WINA Shares Newly Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems ET Al bought 4,000 Winmark shares in the third quarter, worth about $1.2 million and representing 0.11% of the company.
• Institutional investors and hedge funds own 73.32% of Winmark; other recent buyers or increased holders include BlackRock and Copeland Capital Management.
• Winmark reported quarterly EPS of $3.21, slightly below estimates, while revenue of $27.89 million exceeded forecasts. It declared a $1.02 quarterly dividend, equal to a 1.5% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Winmark Corporation (NASDAQ:WINA - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,000 shares of the specialty retailer's stock, valued at approximately $1,201,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.11% of Winmark as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Winmark during the 2nd quarter worth approximately $207,212,000. Copeland Capital Management LLC raised its position in Winmark by 55.2% in the third quarter. Copeland Capital Management LLC now owns 97,891 shares of the specialty retailer's stock valued at $29,386,000 after purchasing an additional 34,832 shares during the period. Port Capital LLC purchased a new stake in Winmark in the second quarter valued at approximately $36,709,000. Dimensional Fund Advisors LP raised its position in Winmark by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 74,379 shares of the specialty retailer's stock valued at $31,800,000 after purchasing an additional 3,771 shares during the period. Finally, Bessemer Group Inc. lifted its stake in Winmark by 3.5% during the first quarter. Bessemer Group Inc. now owns 42,738 shares of the specialty retailer's stock worth $18,273,000 after purchasing an additional 1,440 shares in the last quarter. 73.32% of the stock is currently owned by institutional investors and hedge funds.

Winmark Stock Performance

Shares of WINA opened at $277.51 on Thursday. The company's 50-day simple moving average is $299.78 and its 200-day simple moving average is $376.71. Winmark Corporation has a 1 year low of $266.51 and a 1 year high of $488.83. The stock has a market capitalization of $987.94 million, a PE ratio of 24.76 and a beta of 0.56.

Winmark (NASDAQ:WINA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 14th. The specialty retailer reported $3.21 earnings per share for the quarter, missing analysts' consensus estimates of $3.23 by ($0.02). The business had revenue of $27.89 million during the quarter, compared to analyst estimates of $23.99 million. Winmark had a net margin of 45.13% and a negative return on equity of 94.74%.

Winmark Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Wednesday, November 11th will be paid a $1.02 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $4.08 annualized dividend and a dividend yield of 1.5%. Winmark's payout ratio is 36.40%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Winmark from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, September 18th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Winmark Profile

Winmark Corporation is a franchisor that develops and supports resale and specialty retail businesses in the United States and Canada. Its franchise concepts focus on buying and selling gently used merchandise, offering consumers value-oriented alternatives to traditional retail while providing franchisees with established brand systems and operational support.

The company's retail brands include Plato's Closet, which specializes in fashion and accessories for teens and young adults; Once Upon A Child, which sells children's clothing, toys and equipment; Play It Again Sports, which focuses on new and used sporting goods; Style Encore, which offers women's resale fashion; and Music Go Round, which specializes in used and new musical instruments and equipment.

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