Winmark Corporation, together with its subsidiaries, operates as a franchisor of retail store concepts that buy, sell, trade, and consign used merchandise primarily in the United States and Canada. The company operates through two segments, Franchising and Leasing. Its franchises retail stores operate under the Plato's Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round brand names. The company's Plato's Closet brand stores buys and sells used clothing and accessories for the teenage and young adult market; and Once Upon A Child brand stores buys and sells used and new children's clothing, toys, furniture, equipment, and accessories primarily to parents of children ages infant to 12 years. Its Play It Again Sports brand stores buys, sells, trades in, and used and new sporting goods, equipment, and accessories for various athletic activities, such as team sports, fitness, ski/snowboard, golf, and others; Style Encore brand stores buys and sells used women's apparel, shoes, and accessories; and Music Go Round brand stores buys, sells, trades in, and used and new musical instruments, speakers, amplifiers, music-related electronics, and related accessories. In addition, the company is also involved in the middle-market equipment leasing business focusing on technology and business-essential equipment. As of February 23, 2022, it had 1,271 franchised stores, as well as offers its products online at musicgoround.com, playitagainsports.com, and style-encore.com. Winmark Corporation was incorporated in 1988 and is headquartered in Minneapolis, Minnesota.
Wall Street Analyst Weigh In
Several research firms recently weighed in on WINA. TheStreet upgraded shares of Winmark from a "c+" rating to a "b" rating in a research note on Monday, April 11th. StockNews.com lowered shares of Winmark from a "buy" rating to a "hold" rating in a research note on Thursday, August 4th.
Winmark Trading Up 2.2 %
Shares of NASDAQ:WINA opened at $229.00 on Tuesday. The firm's 50 day moving average is $203.96 and its two-hundred day moving average is $212.68. Winmark has a 52 week low of $183.93 and a 52 week high of $277.99. The firm has a market capitalization of $787.30 million, a P/E ratio of 20.91 and a beta of 0.80.
Winmark Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Wednesday, August 10th will be paid a $0.70 dividend. The ex-dividend date is Tuesday, August 9th. This represents a $2.80 annualized dividend and a dividend yield of 1.22%. Winmark's payout ratio is currently 25.57%.