Winmark (NASDAQ:WINA) Sees Large Volume Increase - Here's What Happened

Shares of Winmark Co. (NASDAQ:WINA - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 48,866 shares traded hands during trading, an increase of 69% from the previous session's volume of 28,876 shares.The stock last traded at $422.97 and had previously closed at $424.82.

Winmark Stock Up 0.9%

The company has a 50 day moving average price of $374.97 and a 200-day moving average price of $374.20. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 39.69 and a beta of 0.61.

Winmark (NASDAQ:WINA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.74 by ($0.03). The business had revenue of $21.92 million during the quarter, compared to analyst estimates of $20.91 million. Winmark had a net margin of 49.15% and a negative return on equity of 93.24%. During the same quarter last year, the company posted $2.41 earnings per share.

Winmark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 14th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.89%. This is an increase from Winmark's previous quarterly dividend of $0.90. The ex-dividend date was Wednesday, May 14th. Winmark's dividend payout ratio is presently 34.32%.

Insiders Place Their Bets

In other news, CFO Anthony D. Ishaug sold 4,000 shares of the stock in a transaction dated 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 approximately $24,144,123.85. This represents a 6.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 10.10% of the company's stock.

Institutional Trading of Winmark

Several institutional investors have recently added to or reduced their stakes in WINA. Congress Asset Management Co. raised its holdings in Winmark by 73.3% during the 4th quarter. Congress Asset Management Co. now owns 15,823 shares of the specialty retailer's stock worth $6,220,000 after purchasing an additional 6,690 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Winmark during the fourth quarter worth $351,000. Northstar Asset Management Inc. acquired a new position in Winmark in the fourth quarter valued at $1,200,000. Barclays PLC boosted its position in Winmark by 117.7% during the third quarter. Barclays PLC now owns 6,073 shares of the specialty retailer's stock valued at $2,325,000 after acquiring an additional 3,284 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Winmark by 292.3% during the fourth quarter. Victory Capital Management Inc. now owns 17,020 shares of the specialty retailer's stock valued at $6,690,000 after acquiring an additional 12,682 shares during the last quarter. 73.32% of the stock is currently owned by 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.