Winmark (NASDAQ:WINA) Hits New 1-Year High - Here's What Happened

Key Points

• Winmark Corporation (NASDAQ:WINA) reached a new 52-week high of $497.97 during trading, closing at $496.66 with a trading volume of 82,932 shares.
• The company reported a quarterly EPS of $2.89, exceeding analysts' expectations, alongside a revenue of $20.42 million, indicating a net margin of 49.48%.
• Winmark declared a quarterly dividend of $0.96, amounting to an annual yield of 0.8%, with a payout ratio of 34.19%.

Winmark Corporation (NASDAQ:WINA - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $497.97 and last traded at $496.66, with a volume of 82932 shares. The stock had previously closed at $479.51.

Winmark Trading Up 3.6%

The company has a market cap of $1.76 billion, a PE ratio of 44.23 and a beta of 0.65. The firm's fifty day moving average is $408.18 and its 200 day moving average is $381.88.

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

Winmark Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Brett D. Heffes sold 4,971 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $453.89, for a total value of $2,256,287.19. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 10.10% of the company's stock.

Institutional Investors Weigh In On Winmark

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Winmark by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 171,334 shares of the specialty retailer's stock worth $54,462,000 after purchasing an additional 2,382 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Winmark during the 2nd quarter worth $31,021,000. Geode Capital Management LLC boosted its stake in Winmark by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 75,665 shares of the specialty retailer's stock worth $28,575,000 after purchasing an additional 849 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Winmark by 2,358.0% during the 2nd quarter. Alliancebernstein L.P. now owns 73,739 shares of the specialty retailer's stock worth $27,845,000 after purchasing an additional 70,739 shares during the last quarter. Finally, Copeland Capital Management LLC boosted its stake in Winmark by 16.3% during the 2nd quarter. Copeland Capital Management LLC now owns 73,501 shares of the specialty retailer's stock worth $27,755,000 after purchasing an additional 10,292 shares during 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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