Winmark (NASDAQ:WINA) Shares Climb 3.2% - What's Next?

Key Points

• Winmark shares rose 3.2% to approximately $291.55 in mid-day trading, although trading volume was 63% below the stock’s average daily volume.
• Weiss Ratings downgraded Winmark from “hold (c)” to “hold (c-),” while the broader analyst consensus remains Hold.
• Winmark reported quarterly EPS of $3.21, slightly below estimates of $3.23, but revenue of $27.89 million exceeded expectations of $23.99 million; institutional investors own 73.32% of the company.

Winmark Corporation (NASDAQ:WINA - Get Free Report) shot up 3.2% during mid-day trading on Wednesday. The company traded as high as $291.49 and last traded at $291.5450. Approximately 25,867 shares were traded during trading, a decline of 63% from the average daily volume of 69,673 shares. The stock had previously closed at $282.38.

Analyst Ratings Changes

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

Winmark Price Performance

The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 27.55 and a beta of 0.57. The stock has a fifty day simple moving average of $319.80 and a 200-day simple moving average of $364.21.

Winmark (NASDAQ:WINA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 14th. The specialty retailer reported $3.21 EPS for the quarter, missing analysts' consensus estimates of $3.23 by ($0.02). The firm had revenue of $27.89 million for the quarter, compared to analyst estimates of $23.99 million. Winmark had a negative return on equity of 99.47% and a net margin of 47.09%.

Institutional Trading of Winmark

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Copeland Capital Management LLC grew its position in shares of Winmark by 55.2% during the 3rd quarter. Copeland Capital Management LLC now owns 97,891 shares of the specialty retailer's stock valued at $29,386,000 after acquiring an additional 34,832 shares during the period. Legacy Wealth Asset Management LLC increased its stake in shares of Winmark by 7.7% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 751 shares of the specialty retailer's stock valued at $225,000 after purchasing an additional 54 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Winmark by 360.6% in the 3rd quarter. GAMMA Investing LLC now owns 456 shares of the specialty retailer's stock valued at $137,000 after purchasing an additional 357 shares in the last quarter. Congress Asset Management Co. raised its holdings in Winmark by 21.3% in the 3rd quarter. Congress Asset Management Co. now owns 41,942 shares of the specialty retailer's stock worth $12,591,000 after purchasing an additional 7,361 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in Winmark in the 2nd quarter worth about $696,000. Institutional investors and hedge funds own 73.32% of the company's stock.

Winmark Company Profile

Winmark Corporation is a franchising and equipment-leasing company headquartered in Minneapolis, Minnesota. Through its franchise business, the company supports a portfolio of retail brands focused primarily on the resale of apparel, children's products, sporting goods and musical instruments.

Winmark's principal franchise concepts include Plato's Closet, Once Upon a Child, Play It Again Sports, Style Encore and Music Go Round. These stores acquire and resell gently used merchandise, offering consumers lower-cost alternatives while providing opportunities for individuals to operate locally owned businesses.

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