Insider Selling: Winmark (NASDAQ:WINA) COO Sells 1,200 Shares of Stock

Key Points

• Winmark Corporation's COO, Renae Gaudette, sold 1,200 shares at an average price of $417.11, totaling over $500,532, reducing her stake in the company by 5.98%.
• The company reported a quarterly earnings miss, with earnings per share of $3.02, falling short of a $3.22 estimate, despite revenue exceeding expectations at $22.63 million.
• Winmark will distribute a $0.96 quarterly dividend on December 1st, with a yield of 0.9%, benefiting shareholders who hold stock before the ex-dividend date on November 12th.

Winmark Corporation (NASDAQ:WINA - Get Free Report) COO Renae Gaudette sold 1,200 shares of Winmark stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $417.11, for a total transaction of $500,532.00. Following the sale, the chief operating officer owned 18,860 shares in the company, valued at $7,866,694.60. This represents a 5.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Winmark Stock Down 3.7%

Shares of WINA traded down $16.04 during mid-day trading on Friday, reaching $412.39. 41,338 shares of the stock traded hands, compared to its average volume of 83,528. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 36.75 and a beta of 0.71. The stock has a fifty day simple moving average of $470.55 and a 200 day simple moving average of $416.08. Winmark Corporation has a 12-month low of $295.79 and a 12-month high of $527.37.

Winmark (NASDAQ:WINA - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $22.63 million for the quarter, compared to analysts' expectations of $20.19 million. Winmark had a net margin of 48.84% and a negative return on equity of 103.08%.

Winmark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 12th. Winmark's payout ratio is currently 34.22%.

Institutional Investors Weigh In On Winmark

Hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new stake in shares of Winmark during the third quarter valued at about $95,000. SG Americas Securities LLC raised its stake in shares of Winmark by 136.4% during the third quarter. SG Americas Securities LLC now owns 2,889 shares of the specialty retailer's stock valued at $1,438,000 after purchasing an additional 1,667 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Winmark by 775.0% during the third quarter. Geneos Wealth Management Inc. now owns 70 shares of the specialty retailer's stock valued at $35,000 after purchasing an additional 62 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new stake in shares of Winmark during the third quarter valued at about $247,000. Finally, Longboard Asset Management LP bought a new stake in shares of Winmark during the third quarter valued at about $211,000. 73.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Winmark from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy".

About Winmark

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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