Winmark (NASDAQ:WINA) Shares Down 5.5% - What's Next?

Winmark Corporation (NASDAQ:WINA - Get Free Report) shares fell 5.5% during mid-day trading on Monday . The stock traded as low as $424.74 and last traded at $419.90. 49,362 shares changed hands during trading, a decline of 10% from the average session volume of 54,585 shares. The stock had previously closed at $444.29.

Winmark Stock Down 0.7%

The firm has a market cap of $1.34 billion, a P/E ratio of 33.88 and a beta of 0.61. The firm has a fifty day moving average of $403.14 and a 200-day moving average of $375.56.

Winmark (NASDAQ:WINA - Get Free Report) last released its 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). Winmark had a negative return on equity of 95.03% and a net margin of 49.45%. The company had revenue of $21.92 million for the quarter, compared to the consensus estimate of $20.91 million. During the same quarter in the previous year, the company posted $2.41 EPS.

Winmark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Wednesday, May 14th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Wednesday, May 14th. This is a positive change from Winmark's previous quarterly dividend of $0.90. Winmark's dividend payout ratio is presently 34.32%.

Insider Buying and Selling

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer now owns 56,683 shares in the company, valued at $24,144,123.85. This represents a 6.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 10.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Winmark

Several institutional investors and hedge funds have recently made changes to their positions in WINA. Rhumbline Advisers grew its position in Winmark by 23.1% during the first quarter. Rhumbline Advisers now owns 11,164 shares of the specialty retailer's stock worth $3,549,000 after buying an additional 2,096 shares in the last quarter. Jane Street Group LLC grew its position in Winmark by 391.2% during the first quarter. Jane Street Group LLC now owns 3,787 shares of the specialty retailer's stock worth $1,204,000 after buying an additional 3,016 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Winmark by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,252 shares of the specialty retailer's stock worth $1,987,000 after buying an additional 386 shares in the last quarter. Vancity Investment Management Ltd acquired a new stake in Winmark during the first quarter worth approximately $3,464,000. Finally, Caxton Associates LLP acquired a new stake in shares of Winmark in the 1st quarter valued at $713,000. 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.