Winmark (NASDAQ:WINA) Sets New 1-Year High - Still a Buy?

Key Points

• Winmark Corporation shares reached a new 52-week high of $473.75 during trading, following a previous close of $463.84.
• The company's quarterly earnings report showed a profit of $2.89 per share, slightly exceeding analyst expectations and achieving a net margin of 49.48%.
• Winmark declared a quarterly dividend of $0.96 per share, with a payout ratio of 34.19%, to be paid on September 2nd.

Winmark Corporation (NASDAQ:WINA - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $468.50 and last traded at $473.75, with a volume of 8690 shares traded. The stock had previously closed at $463.84.

Winmark Stock Down 0.0%

The firm has a market cap of $1.70 billion, a P/E ratio of 42.71 and a beta of 0.65. The company's 50 day simple moving average is $404.40 and its 200-day simple moving average is $379.97.

Winmark (NASDAQ:WINA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.01. The business had revenue of $20.42 million during the quarter, compared to the consensus estimate 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. Stockholders of record on Wednesday, August 13th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Wednesday, August 13th. Winmark's payout ratio is currently 34.19%.

Insider Buying and Selling at Winmark

In other news, CEO Brett D. Heffes sold 4,971 shares of Winmark stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $453.89, for a total transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 10.10% of the company's stock.

Institutional Trading of Winmark

Several institutional investors and hedge funds have recently modified their holdings of WINA. Fisher Asset Management LLC bought a new stake in shares of Winmark during the second quarter valued at approximately $31,021,000. Alliancebernstein L.P. raised its stake in shares of Winmark by 2,358.0% during the second quarter. Alliancebernstein L.P. now owns 73,739 shares of the specialty retailer's stock valued at $27,845,000 after acquiring an additional 70,739 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Winmark by 2,478.1% during the second quarter. First Trust Advisors LP now owns 44,086 shares of the specialty retailer's stock valued at $16,647,000 after acquiring an additional 42,376 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Winmark by 2,706.5% during 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 acquiring an additional 24,142 shares in the last quarter. Finally, Select Equity Group L.P. raised its stake in shares of Winmark by 766.0% during 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 acquiring an additional 20,742 shares in the last quarter. Institutional investors 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.