Winmark (NASDAQ:WINA) Posts Earnings Results

Key Points

• Winmark reported earnings of $3.02 per share for the quarter, but the company saw a negative return on equity of 98.49% and a high net margin of 49.48%.
• In trading on Wednesday, shares of Winmark rose by $12.60 to $447.67, with a total of 18,194 shares exchanged, while the stock has a market capitalization of $1.59 billion.
• Weiss Ratings downgraded Winmark from a "buy (b-)" to a "hold (c+)" rating, reflecting cautious sentiment among analysts, with the average stock rating now being "Hold."

Winmark (NASDAQ:WINA - Get Free Report) issued its quarterly earnings data on Wednesday. The specialty retailer reported $3.02 earnings per share (EPS) for the quarter, Zacks reports. Winmark had a negative return on equity of 98.49% and a net margin of 49.48%.

Winmark Price Performance

Shares of Winmark stock traded up $12.60 during trading on Wednesday, hitting $447.67. 18,194 shares of the company were exchanged, compared to its average volume of 83,694. The firm has a market capitalization of $1.59 billion, a P/E ratio of 40.05 and a beta of 0.71. Winmark has a 1-year low of $295.79 and a 1-year high of $527.37. The firm's fifty day moving average price is $466.08 and its 200 day moving average price is $411.29.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Winmark from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold".

Insider Activity

In other news, CEO Brett D. Heffes sold 4,971 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $453.89, for a total transaction of $2,256,287.19. Following the completion of the transaction, the chief executive officer directly owned 114,400 shares in the company, valued at approximately $51,925,016. The trade was a 4.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lawrence A. Barbetta sold 852 shares of Winmark stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $505.02, for a total transaction of $430,277.04. Following the completion of the transaction, the director directly owned 649 shares in the company, valued at approximately $327,757.98. The trade was a 56.76% decrease in their position. 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 over the last 90 days. Corporate insiders own 10.10% of the company's stock.

Institutional Investors Weigh In On Winmark

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in Winmark by 19.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer's stock valued at $80,000 after acquiring an additional 34 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Winmark by 48.5% during the 2nd quarter. Smartleaf Asset Management LLC now owns 355 shares of the specialty retailer's stock worth $133,000 after purchasing an additional 116 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of Winmark by 36.8% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 766 shares of the specialty retailer's stock worth $243,000 after purchasing an additional 206 shares during the last quarter. Rafferty Asset Management LLC increased its position in shares of Winmark by 9.6% during the 2nd quarter. Rafferty Asset Management LLC now owns 847 shares of the specialty retailer's stock worth $320,000 after purchasing an additional 74 shares during the last quarter. Finally, Thrivent Financial for Lutherans acquired a new position in shares of Winmark during the 2nd quarter worth approximately $548,000. 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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