Winmark Corporation (NASDAQ:WINA - Get Free Report) traded down 5.5% during mid-day trading on Monday . The company traded as low as $424.74 and last traded at $419.90. 49,362 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 54,585 shares. The stock had previously closed at $444.29.
Winmark Price Performance
The stock's fifty day simple moving average is $399.00 and its 200-day simple moving average is $375.74. The firm has a market cap of $1.44 billion, a PE ratio of 36.56 and a beta of 0.61.
Winmark (NASDAQ:WINA - Get Free Report) last issued its 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 analysts' expectations of $20.91 million. Winmark had a negative return on equity of 95.03% and a net margin of 49.45%. During the same quarter last year, the business earned $2.41 EPS.
Winmark Increases Dividend
The company 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 is an increase from Winmark's previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.94%. Winmark's payout ratio is 34.32%.
Insider Activity at Winmark
In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the business'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 completion of the transaction, the chief financial officer now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.10% of the stock is owned by insiders.
Hedge Funds Weigh In On Winmark
Several institutional investors have recently made changes to their positions in WINA. Allspring Global Investments Holdings LLC purchased a new stake in Winmark during the fourth quarter worth $351,000. Rhumbline Advisers raised its position in shares of Winmark by 23.1% in the first quarter. Rhumbline Advisers now owns 11,164 shares of the specialty retailer's stock worth $3,549,000 after acquiring an additional 2,096 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Winmark by 292.3% during the 4th quarter. Victory Capital Management Inc. now owns 17,020 shares of the specialty retailer's stock worth $6,690,000 after acquiring an additional 12,682 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Winmark by 5.8% during the 4th quarter. Northern Trust Corp now owns 46,666 shares of the specialty retailer's stock worth $18,343,000 after acquiring an additional 2,577 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Winmark by 21,093.3% during the 1st quarter. GAMMA Investing LLC now owns 3,179 shares of the specialty retailer's stock valued at $1,011,000 after acquiring an additional 3,164 shares during the period. 73.32% of the stock is owned by hedge funds and other institutional investors.
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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