Winmark (NASDAQ:WINA) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Winmark (NASDAQ:WINA - Get Free Report) issued its quarterly earnings data on Tuesday. The specialty retailer reported $2.89 earnings per share for the quarter, beating analysts' consensus estimates of $2.88 by $0.01, Zacks reports. The firm had revenue of $20.42 million during the quarter, compared to analyst estimates of $20.31 million. Winmark had a negative return on equity of 95.03% and a net margin of 49.45%.

Winmark Trading Down 0.1%

Shares of NASDAQ:WINA traded down $0.34 during trading on Tuesday, reaching $372.70. The company's stock had a trading volume of 86,090 shares, compared to its average volume of 59,235. The stock has a market capitalization of $1.32 billion, a PE ratio of 33.31 and a beta of 0.56. Winmark has a 12 month low of $295.79 and a 12 month high of $459.93. The firm's 50 day simple moving average is $406.30 and its two-hundred day simple moving average is $372.40.

Winmark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.03%. Winmark's payout ratio is 34.32%.

Insider Transactions at Winmark

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the firm's stock in a transaction dated 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 owned 56,683 shares of the company's stock, valued at $24,144,123.85. This trade represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Winmark

Institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd increased its holdings in Winmark by 36.8% during the first quarter. Dynamic Technology Lab Private Ltd now owns 766 shares of the specialty retailer's stock valued at $243,000 after buying an additional 206 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Winmark by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,736 shares of the specialty retailer's stock valued at $552,000 after buying an additional 77 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Winmark by 391.2% during the first quarter. Jane Street Group LLC now owns 3,787 shares of the specialty retailer's stock valued at $1,204,000 after buying an additional 3,016 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Winmark by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,252 shares of the specialty retailer's stock valued at $1,987,000 after buying an additional 386 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in Winmark by 7.7% during the first quarter. Royal Bank of Canada now owns 9,885 shares of the specialty retailer's stock valued at $3,143,000 after purchasing an additional 708 shares during the period. 73.32% of the stock is owned by hedge funds and other institutional investors.

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.