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

Winmark (NASDAQ:WINA - Get Free Report) issued its quarterly earnings results on Tuesday. The specialty retailer reported $2.89 EPS for the quarter, topping analysts' consensus estimates of $2.88 by $0.01, Zacks reports. Winmark had a negative return on equity of 98.49% and a net margin of 49.48%. The company had revenue of $20.42 million during the quarter, compared to analysts' expectations of $20.31 million.

Winmark Trading Down 1.7%

Shares of NASDAQ WINA traded down $6.52 during trading on Friday, reaching $375.33. 54,088 shares of the company traded hands, compared to its average volume of 59,361. The firm's fifty day simple moving average is $406.31 and its 200 day simple moving average is $372.37. The stock has a market cap of $1.33 billion, a P/E ratio of 33.42 and a beta of 0.56. Winmark has a 12-month low of $295.79 and a 12-month high of $459.93.

Winmark Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Wednesday, August 13th will be paid a dividend of $0.96 per share. The ex-dividend date is Wednesday, August 13th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 1.02%. Winmark's payout ratio is currently 34.19%.

Insider Buying and Selling at Winmark

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of Winmark stock in a transaction dated 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 owned 56,683 shares in the company, valued at approximately $24,144,123.85. This trade represents a 6.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 10.10% of the company's stock.

Hedge Funds Weigh In On Winmark

A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its stake in shares of Winmark by 391.2% during the 1st 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 increased its stake in shares of Winmark by 6.6% in the 1st 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 purchasing an additional 386 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Winmark by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,279 shares of the specialty retailer's stock valued at $6,764,000 after purchasing an additional 4,653 shares in the last quarter. Dynamic Technology Lab Private Ltd increased its stake in shares of Winmark by 36.8% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 766 shares of the specialty retailer's stock valued at $243,000 after purchasing an additional 206 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Winmark by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,736 shares of the specialty retailer's stock valued at $552,000 after purchasing an additional 77 shares in the last quarter. 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.