Winmark Co. (NASDAQ:WINA - Get Free Report) saw unusually-high trading volume on Monday . Approximately 79,658 shares changed hands during trading, an increase of 54% from the previous session's volume of 51,816 shares.The stock last traded at $440.27 and had previously closed at $430.02.
Winmark Stock Performance
The firm has a fifty day moving average of $387.51 and a 200-day moving average of $374.50. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 40.30 and a beta of 0.61.
Winmark (NASDAQ:WINA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share (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 the consensus estimate of $20.91 million. Winmark had a negative return on equity of 93.24% and a net margin of 49.15%. During the same quarter in the previous year, the business posted $2.41 earnings per share.
Winmark Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 14th were given a dividend of $0.96 per share. The ex-dividend date was Wednesday, May 14th. This is a boost from Winmark's previous quarterly dividend of $0.90. This represents a $3.84 annualized dividend and a dividend yield of 0.88%. Winmark's dividend payout ratio (DPR) is 34.32%.
Insider Activity
In other news, CFO Anthony D. Ishaug sold 4,000 shares of the firm's stock in a transaction on Friday, May 30th. The stock was 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 trade represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 10.10% of the company's stock.
Hedge Funds Weigh In On Winmark
Large investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. acquired a new position in Winmark in the 4th quarter valued at approximately $31,000. Sterling Capital Management LLC grew its position in Winmark by 820.0% in the 4th quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer's stock worth $36,000 after purchasing an additional 82 shares during the last quarter. National Bank of Canada FI raised its position in shares of Winmark by 147.3% during the first quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer's stock valued at $43,000 after buying an additional 81 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Winmark by 145.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer's stock valued at $93,000 after acquiring an additional 141 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Winmark during the 4th quarter worth about $146,000. Institutional investors and hedge funds own 73.32% of the company's stock.
About Winmark
(
Get Free Report)
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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