Winmark (NASDAQ:WINA) Shares Down 5.2% – Here’s What Happened

Winmark Corporation (NASDAQ:WINA) traded down 5.2% during trading on Thursday . The stock traded as low as $414.95 and last traded at $413.9020. 88,213 shares were traded during mid-day trading, an increase of 6% from the average session volume of 83,121 shares. The stock had previously closed at $436.50.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Winmark from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Winmark Price Performance

The stock has a 50-day moving average price of $420.84 and a 200-day moving average price of $427.83. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 36.28 and a beta of 0.69.

Winmark (NASDAQ:WINA) last posted its quarterly earnings results on Wednesday, October 15th. The specialty retailer reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.22 by ($0.20). Winmark had a net margin of 48.84% and a negative return on equity of 103.08%. The business had revenue of $22.63 million during the quarter, compared to the consensus estimate of $20.19 million.

Winmark Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Wednesday, November 12th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Wednesday, November 12th. Winmark’s dividend payout ratio (DPR) is currently 34.22%.

Insider Activity at Winmark

In related news, COO Renae M. Gaudette sold 1,200 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $417.11, for a total value of $500,532.00. Following the transaction, the chief operating officer owned 18,860 shares in the company, valued at approximately $7,866,694.60. This represents a 5.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.10% of the company’s stock.

Institutional Investors Weigh In On Winmark

Several hedge funds have recently bought and sold shares of WINA. Hsbc Holdings PLC bought a new position in Winmark during the 1st quarter worth $233,000. Russell Investments Group Ltd. grew its holdings in shares of Winmark by 115.0% during the 1st quarter. Russell Investments Group Ltd. now owns 2,574 shares of the specialty retailer’s stock worth $818,000 after purchasing an additional 1,377 shares in the last quarter. Creative Planning grew its holdings in shares of Winmark by 38.2% during the 2nd quarter. Creative Planning now owns 5,227 shares of the specialty retailer’s stock worth $1,974,000 after purchasing an additional 1,445 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Winmark by 11.3% in the first quarter. Raymond James Financial Inc. now owns 34,176 shares of the specialty retailer’s stock worth $10,864,000 after purchasing an additional 3,467 shares during the period. Finally, Montrusco Bolton Investments Inc. acquired a new position in Winmark in the second quarter valued at about $230,000. 73.32% of the stock is currently owned by institutional investors and hedge funds.

Winmark Company Profile

Winmark Corporation (NASDAQ: WINA) is a franchisor of retail resale stores, specializing in the resale of apparel, sporting goods, children’s and maternity clothing, toys, and entertainment media. Through its portfolio of well-known brands—such as Plato’s Closet, Once Upon a Child, Play It Again Sports, and Style Encore—Winmark provides aspiring entrepreneurs the opportunity to own and operate neighborhood resale businesses. The company supports its franchisees with site selection, store design, training programs, and ongoing marketing assistance, emphasizing a turnkey approach to retail entrepreneurship.

Each of Winmark’s franchised brands targets a distinct consumer segment.