Winmark (NASDAQ:WINA) Sets New 1-Year High - What's Next?

Winmark Corporation (NASDAQ:WINA - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $446.35 and last traded at $444.36, with a volume of 33598 shares changing hands. The stock had previously closed at $441.05.

Winmark Trading Down 1.3%

The company has a market cap of $1.57 billion, a P/E ratio of 39.70 and a beta of 0.61. The company's fifty day moving average is $396.78 and its 200 day moving average is $375.93.

Winmark (NASDAQ:WINA - Get Free Report) last released its earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share for the quarter, missing analysts' consensus estimates of $2.74 by ($0.03). The company had revenue of $21.92 million during the quarter, compared to the consensus estimate of $20.91 million. Winmark had a net margin of 49.45% and a negative return on equity of 95.03%. During the same period last year, the firm posted $2.41 EPS.

Winmark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 14th were issued a dividend of $0.96 per share. This is a positive change from Winmark's previous quarterly dividend of $0.90. This represents a $3.84 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Wednesday, May 14th. Winmark's dividend payout ratio is currently 34.32%.

Insider Buying and Selling at Winmark

In related news, CFO Anthony D. Ishaug sold 4,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $425.95, for a total transaction of $1,703,800.00. Following the completion of the transaction, the chief financial officer now owns 56,683 shares in the company, valued at $24,144,123.85. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 10.10% of the company's stock.

Hedge Funds Weigh In On Winmark

Several hedge funds and other institutional investors have recently modified their holdings of WINA. Point72 Asia Singapore Pte. Ltd. bought a new stake in Winmark during the 4th quarter valued at approximately $31,000. Sterling Capital Management LLC grew its stake in Winmark by 820.0% in the fourth quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer's stock worth $36,000 after purchasing an additional 82 shares during the period. National Bank of Canada FI raised its holdings in Winmark by 147.3% in the first quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer's stock worth $43,000 after purchasing an additional 81 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Winmark by 145.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer's stock valued at $93,000 after buying an additional 141 shares during the period. Finally, Point72 Asset Management L.P. purchased a new position in Winmark during the fourth quarter valued at $146,000. Hedge funds and other 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.