Winmark Corporation (NASDAQ:WINA) Announces Quarterly Dividend of $0.96

Key Points

• Winmark Corporation announced a quarterly dividend of $0.96 per share, with stockholders of record receiving it on December 1st, representing a yield of 0.9%.
• The company reported quarterly earnings of $3.02 per share, which was below analysts' expectations of $3.22, though revenue exceeded estimates at $22.63 million.
• Insider selling activity was noted, with CEO Brett D. Heffes and Director Lawrence A. Barbetta both divesting shares, indicating a decrease in ownership stakes.

Winmark Corporation (NASDAQ:WINA - Get Free Report) announced a quarterly dividend on Wednesday, October 15th. Stockholders of record on Wednesday, November 12th will be given a dividend of 0.96 per share by the specialty retailer on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 12th.

Winmark has a payout ratio of 31.0% indicating that its dividend is sufficiently covered by earnings.

Winmark Price Performance

Shares of WINA traded up $15.62 on Wednesday, reaching $450.69. 91,159 shares of the stock traded hands, compared to its average volume of 84,141. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 40.13 and a beta of 0.71. Winmark has a 12 month low of $295.79 and a 12 month high of $527.37. The stock's 50-day moving average price is $466.08 and its 200-day moving average price is $411.29.

Winmark (NASDAQ:WINA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 15th. The specialty retailer reported $3.02 earnings per share for the quarter, missing analysts' consensus estimates of $3.22 by ($0.20). Winmark had a net margin of 49.48% and a negative return on equity of 98.49%. The company had revenue of $22.63 million during the quarter, compared to the consensus estimate of $20.19 million.

Insiders Place Their Bets

In other news, CEO Brett D. Heffes sold 4,971 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $453.89, for a total transaction of $2,256,287.19. Following the transaction, the chief executive officer owned 114,400 shares of the company's stock, valued at $51,925,016. This represents a 4.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lawrence A. Barbetta sold 852 shares of the company's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $505.02, for a total value of $430,277.04. Following the transaction, the director directly owned 649 shares in the company, valued at $327,757.98. This trade represents a 56.76% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,264 shares of company stock worth $3,797,366. Insiders own 10.10% of the company's stock.

Hedge Funds Weigh In On Winmark

Large investors have recently made changes to their positions in the company. National Bank of Canada FI lifted its stake in Winmark by 147.3% in the first quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer's stock valued at $43,000 after buying an additional 81 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of Winmark in the second quarter worth about $43,000. CWM LLC increased its holdings in shares of Winmark by 358.8% in the second quarter. CWM LLC now owns 156 shares of the specialty retailer's stock worth $59,000 after acquiring an additional 122 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Winmark by 19.0% in the second quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer's stock worth $80,000 after acquiring an additional 34 shares in the last quarter. Finally, Toth Financial Advisory Corp increased its holdings in shares of Winmark by 1,250.0% in the third quarter. Toth Financial Advisory Corp now owns 216 shares of the specialty retailer's stock worth $108,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 73.32% of the company's stock.

Winmark Company 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.

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