Winmark (NASDAQ:WINA) Sees Strong Trading Volume - Still a Buy?

Winmark Co. (NASDAQ:WINA - Get Free Report) saw an uptick in trading volume on Monday . 84,605 shares were traded during mid-day trading, an increase of 92% from the previous session's volume of 44,015 shares.The stock last traded at $434.31 and had previously closed at $432.26.

Winmark Price Performance

The stock has a 50 day moving average price of $385.32 and a 200-day moving average price of $374.95. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 39.42 and a beta of 0.61.

Winmark (NASDAQ:WINA - Get Free Report) last issued 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 firm had revenue of $21.92 million during the quarter, compared to analyst estimates of $20.91 million. Winmark had a negative return on equity of 93.24% and a net margin of 49.15%. During the same period in the prior year, the firm earned $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 paid a $0.96 dividend. The ex-dividend date was Wednesday, May 14th. This is a positive change from Winmark's previous quarterly dividend of $0.90. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.89%. Winmark's payout ratio is currently 34.32%.

Insider Transactions at Winmark

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the business's stock in a transaction on 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 transaction, the chief financial officer now owns 56,683 shares of the company's stock, valued at approximately $24,144,123.85. The trade was a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 10.10% of the company's stock.

Hedge Funds Weigh In On Winmark

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Winmark in the fourth quarter valued at $31,000. Sterling Capital Management LLC increased its holdings in Winmark by 820.0% during 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 period. National Bank of Canada FI increased its holdings in Winmark by 147.3% during the 1st quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer's stock worth $43,000 after purchasing an additional 81 shares during the period. Smartleaf Asset Management LLC increased its holdings in Winmark by 145.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer's stock worth $93,000 after purchasing an additional 141 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position 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

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.