Select Equity Group L.P. Purchases 20,742 Shares of Winmark Corporation $WINA

Select Equity Group L.P. lifted its stake in shares of Winmark Corporation (NASDAQ:WINA - Free Report) by 766.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,450 shares of the specialty retailer's stock after buying an additional 20,742 shares during the period. Select Equity Group L.P. owned about 0.66% of Winmark worth $7,454,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Teacher Retirement System of Texas boosted its position in shares of Winmark by 12.2% during the first quarter. Teacher Retirement System of Texas now owns 3,947 shares of the specialty retailer's stock valued at $1,255,000 after buying an additional 428 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Winmark during the first quarter valued at approximately $233,000. TrueMark Investments LLC purchased a new position in shares of Winmark during the first quarter valued at approximately $487,000. Rhumbline Advisers boosted its position in shares of Winmark by 23.1% during the first quarter. Rhumbline Advisers now owns 11,164 shares of the specialty retailer's stock valued at $3,549,000 after buying an additional 2,096 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of 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 valued at $7,958,000 after buying an additional 24,142 shares during the last quarter. Hedge funds and other institutional investors own 73.32% of the company's stock.

Winmark Trading Down 4.9%

Shares of NASDAQ:WINA traded down $25.01 during mid-day trading on Friday, hitting $488.95. 93,776 shares of the company traded hands, compared to its average volume of 74,374. The stock has a market cap of $1.74 billion, a P/E ratio of 43.54 and a beta of 0.65. Winmark Corporation has a 12-month low of $295.79 and a 12-month high of $518.48. The stock has a 50-day moving average price of $415.70 and a two-hundred day moving average price of $385.29.

Winmark (NASDAQ:WINA - Get Free Report) last announced its earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.01. The company had revenue of $20.42 million for the quarter, compared to analysts' expectations of $20.31 million. Winmark had a negative return on equity of 98.49% and a net margin of 49.48%.

Winmark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were given a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, August 13th. This represents a $3.84 annualized dividend and a yield of 0.8%. Winmark's payout ratio is currently 34.19%.

Insiders Place Their Bets

In other Winmark news, CEO Brett D. Heffes sold 4,971 shares of the business's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $453.89, for a total value of $2,256,287.19. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 10.10% of the company's stock.

Winmark 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.