Winmark (NASDAQ:WINA) Hits New 52-Week High - What's Next?

Key Points

• Winmark Corporation has hit a new 52-week high, reaching $524.39 with a trading volume of 14,940 shares.
• The company reported a quarterly EPS of $2.89, slightly above analysts' expectations, with a net margin of 49.48%.
• Winmark recently announced a quarterly dividend of $0.96 per share, indicating a 0.8% dividend yield.

Winmark Corporation (NASDAQ:WINA - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as $522.45 and last traded at $524.39, with a volume of 14940 shares changing hands. The stock had previously closed at $517.89.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "buy (b-)" rating on shares of Winmark in a report on Saturday, September 27th.

Winmark Trading Down 1.2%

The business has a 50-day simple moving average of $452.22 and a 200 day simple moving average of $402.76. The stock has a market cap of $1.82 billion, a P/E ratio of 45.72 and a beta of 0.71.

Winmark (NASDAQ:WINA - Get Free Report) last posted its quarterly earnings data 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 net margin of 49.48% and a negative return on equity of 98.49%. The company had revenue of $20.42 million for the quarter, compared to analyst estimates of $20.31 million.

Winmark Dividend Announcement

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

Insiders Place Their Bets

In other Winmark news, CEO Brett D. Heffes sold 4,971 shares of the firm'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 transaction, the chief executive officer directly owned 114,400 shares of the company's stock, valued at approximately $51,925,016. This trade represents a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lawrence A. Barbetta sold 852 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $505.02, for a total value of $430,277.04. Following the completion of the sale, the director directly owned 649 shares of the company's stock, valued at approximately $327,757.98. This trade represents a 56.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,264 shares of company stock valued at $3,797,366 in the last 90 days. 10.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Winmark

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Winmark by 1.4% during the first quarter. Vanguard Group Inc. now owns 171,334 shares of the specialty retailer's stock valued at $54,462,000 after acquiring an additional 2,382 shares during the last quarter. Fisher Asset Management LLC bought a new position in Winmark in the 2nd quarter valued at $31,021,000. Geode Capital Management LLC increased its position in shares of Winmark by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 75,665 shares of the specialty retailer's stock valued at $28,575,000 after purchasing an additional 849 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Winmark by 2,358.0% during the 2nd quarter. Alliancebernstein L.P. now owns 73,739 shares of the specialty retailer's stock valued at $27,845,000 after purchasing an additional 70,739 shares during the last quarter. Finally, Copeland Capital Management LLC raised its stake in shares of 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 period. 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.

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