Winmark (NASDAQ:WINA) Sets New 12-Month High - Here's Why

Shares of Winmark Co. (NASDAQ:WINA - Get Free Report) reached a new 52-week high during trading on Friday . The company traded as high as $436.54 and last traded at $431.25, with a volume of 96565 shares trading hands. The stock had previously closed at $428.46.

Winmark Trading Down 3.6%

The company has a market cap of $1.47 billion, a price-to-earnings ratio of 38.27 and a beta of 0.61. The stock's fifty day simple moving average is $379.10 and its 200 day simple moving average is $374.19.

Winmark (NASDAQ:WINA - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The specialty retailer reported $2.71 EPS for the quarter, missing analysts' consensus estimates of $2.74 by ($0.03). The business had revenue of $21.92 million during the quarter, compared to analyst estimates of $20.91 million. Winmark had a net margin of 49.15% and a negative return on equity of 93.24%. During the same quarter in the previous year, the company posted $2.41 EPS.

Winmark Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Wednesday, May 14th were issued a $0.96 dividend. This is an increase from Winmark's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $3.84 dividend on an annualized basis and a yield of 0.92%. Winmark's dividend payout ratio is presently 34.32%.

Insider Buying and Selling at Winmark

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

Institutional Trading of Winmark

Several hedge funds have recently made changes to their positions in WINA. Barclays PLC grew its stake in shares of Winmark by 117.7% in the 3rd quarter. Barclays PLC now owns 6,073 shares of the specialty retailer's stock valued at $2,325,000 after buying an additional 3,284 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of Winmark in the 4th quarter valued at approximately $351,000. Congress Asset Management Co. grew its stake in shares of Winmark by 73.3% in the 4th quarter. Congress Asset Management Co. now owns 15,823 shares of the specialty retailer's stock valued at $6,220,000 after buying an additional 6,690 shares during the period. Northstar Asset Management Inc. purchased a new stake in shares of Winmark in the 4th quarter valued at approximately $1,200,000. Finally, Cavalier Investments LLC grew its stake in shares of Winmark by 2.8% in the 4th quarter. Cavalier Investments LLC now owns 1,742 shares of the specialty retailer's stock valued at $685,000 after buying an additional 48 shares during the period. Hedge funds and other institutional investors own 73.32% of the company's stock.

About Winmark

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.