Winmark (NASDAQ:WINA) Hits New 52-Week High - Here's Why

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)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $497.97 and last traded at $496.66, with a volume of 82932 shares trading hands. The stock had previously closed at $479.51.

Winmark Stock Up 1.9%

The company has a market cap of $1.77 billion, a PE ratio of 44.37 and a beta of 0.65. The stock has a 50-day simple moving average of $418.33 and a 200 day simple moving average of $386.80.

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

Winmark Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th were given a $0.96 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. Winmark's payout ratio is currently 34.19%.

Insider Buying and Selling

In other Winmark news, CEO Brett D. Heffes sold 4,971 shares of Winmark stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $453.89, for a total value of $2,256,287.19. Following the sale, the chief executive officer owned 114,400 shares in the company, valued at $51,925,016. The trade was a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Winmark

A number of institutional investors have recently modified their holdings of WINA. Fisher Asset Management LLC acquired a new stake in shares of Winmark in the second quarter valued at $31,021,000. Alliancebernstein L.P. grew its stake in shares of Winmark by 2,358.0% in the second quarter. Alliancebernstein L.P. now owns 73,739 shares of the specialty retailer's stock valued at $27,845,000 after buying an additional 70,739 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Winmark by 2,478.1% in the second quarter. First Trust Advisors LP now owns 44,086 shares of the specialty retailer's stock valued at $16,647,000 after buying an additional 42,376 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Winmark by 2,706.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 25,034 shares of the specialty retailer's stock valued at $7,958,000 after buying an additional 24,142 shares in the last quarter. Finally, Select Equity Group L.P. grew its stake in shares of Winmark by 766.0% in the first quarter. Select Equity Group L.P. now owns 23,450 shares of the specialty retailer's stock valued at $7,454,000 after buying an additional 20,742 shares in the last quarter. 73.32% of the stock is owned by institutional investors and hedge funds.

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.