Winmark (NASDAQ:WINA - Get Free Report) was upgraded by equities research analysts at Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a report issued on Friday,Weiss Ratings reports.
Winmark Stock Performance
Winmark stock traded down $16.04 during midday trading on Friday, hitting $412.39. 41,338 shares of the company's stock were exchanged, compared to its average volume of 83,528. Winmark has a 12 month low of $295.79 and a 12 month high of $527.37. The firm has a 50-day moving average of $470.55 and a two-hundred day moving average of $416.08. The company has a market cap of $1.47 billion, a PE ratio of 36.75 and a beta of 0.71.
Winmark (NASDAQ:WINA - Get Free Report) last issued its earnings results on Wednesday, October 15th. The specialty retailer reported $3.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.22 by ($0.20). Winmark had a negative return on equity of 103.08% and a net margin of 48.84%.The business had revenue of $22.63 million for the quarter, compared to the consensus estimate of $20.19 million.
Insider Activity
In other Winmark news, CEO Brett D. Heffes sold 4,971 shares of Winmark stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $453.89, for a total value of $2,256,287.19. Following the transaction, the chief executive officer owned 114,400 shares in the company, valued at $51,925,016. The trade was a 4.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence A. Barbetta sold 852 shares of Winmark stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $505.02, for a total value of $430,277.04. Following the completion of the transaction, the director owned 649 shares in the company, valued at $327,757.98. This trade represents a 56.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,264 shares of company stock worth $3,797,366 in the last quarter. 10.10% of the stock is owned by insiders.
Hedge Funds Weigh In On Winmark
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its stake in Winmark by 12.2% in the first quarter. Teacher Retirement System of Texas now owns 3,947 shares of the specialty retailer's stock valued at $1,255,000 after purchasing an additional 428 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Winmark in the first quarter valued at about $233,000. Allspring Global Investments Holdings LLC grew its stake in Winmark by 2,706.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 25,034 shares of the specialty retailer's stock valued at $7,958,000 after purchasing an additional 24,142 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Winmark by 115.0% during the first quarter. Russell Investments Group Ltd. now owns 2,574 shares of the specialty retailer's stock worth $818,000 after acquiring an additional 1,377 shares during the last quarter. Finally, Northstar Asset Management Inc. grew its stake in shares of Winmark by 94.1% during the first quarter. Northstar Asset Management Inc. now owns 5,923 shares of the specialty retailer's stock worth $1,883,000 after acquiring an additional 2,871 shares during the last quarter. Hedge funds and other institutional investors 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.
Further Reading
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