Winmark (NASDAQ:WINA) Reaches New 1-Year Low - Here's What Happened

Key Points

• Winmark shares fell to a new 52-week low of $303.66 during Monday trading, well below their 50-day and 200-day moving averages of $351.45 and $386.92, respectively.
• The company reported quarterly EPS of $2.81, missing the $3.14 analyst consensus, although revenue of $21.97 million slightly exceeded estimates. Analysts and Weiss Ratings maintain a “Hold” view.
• Winmark declared a quarterly dividend of $1.02 per share, equivalent to an annualized $4.08 dividend and a 1.3% yield. Institutional investors own 73.32% of the company’s shares, with several institutions recently increasing or initiating positions.

Shares of Winmark Corporation (NASDAQ:WINA - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $303.66 and last traded at $305.82, with a volume of 12509 shares changing hands. The stock had previously closed at $308.47.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Winmark in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold".

Winmark Stock Performance

The company's 50 day moving average price is $351.45 and its 200 day moving average price is $386.92. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 28.11 and a beta of 0.54.

Winmark (NASDAQ:WINA - Get Free Report) last announced its earnings results on Wednesday, July 15th. The specialty retailer reported $2.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.14 by ($0.33). The firm had revenue of $21.97 million for the quarter, compared to analyst estimates of $21.67 million. Winmark had a negative return on equity of 99.47% and a net margin of 47.09%.

Winmark Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th were given a dividend of $1.02 per share. The ex-dividend date was Wednesday, August 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.3%. Winmark's dividend payout ratio is 37.02%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Tidal Investments LLC bought a new position in Winmark in the second quarter valued at about $540,000. Integrated Wealth Concepts LLC acquired a new position in Winmark during the 2nd quarter valued at about $46,000. Nykredit A S acquired a new position in Winmark during the 2nd quarter valued at about $102,000. Vancity Investment Management Ltd boosted its stake in shares of Winmark by 46.6% in the 2nd quarter. Vancity Investment Management Ltd now owns 1,573 shares of the specialty retailer's stock valued at $666,000 after purchasing an additional 500 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Winmark by 34,956.1% in the 2nd quarter. California State Teachers Retirement System now owns 1,392,779 shares of the specialty retailer's stock valued at $589,257,000 after purchasing an additional 1,388,806 shares during the last quarter. 73.32% of the stock is owned by institutional investors.

About Winmark

Winmark Corporation NASDAQ: WINA is a franchisor that develops and supports resale retail businesses in the United States and Canada. Its portfolio includes Plato's Closet, which buys and sells gently used apparel and accessories for teens and young adults; Once Upon A Child, which focuses on children's clothing, toys and equipment; Play It Again Sports, which specializes in new and used sporting goods; Style Encore, which sells secondhand women's clothing and accessories; and Music Go Round, which offers new and used musical instruments and equipment.

Winmark's primary business activities include granting franchises, collecting royalties and providing franchisees with operational support, marketing programs, training, technology and store-development resources.

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