First Trust Advisors LP Has $48.51 Million Holdings in Winmark Corporation $WINA

First Trust Advisors LP boosted its position in shares of Winmark Corporation (NASDAQ:WINA) by 121.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,451 shares of the specialty retailer’s stock after purchasing an additional 53,365 shares during the period. First Trust Advisors LP’s holdings in Winmark were worth $48,508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WINA. AltraVue Capital LLC lifted its holdings in shares of Winmark by 0.8% in the third quarter. AltraVue Capital LLC now owns 174,323 shares of the specialty retailer’s stock valued at $86,773,000 after purchasing an additional 1,440 shares in the last quarter. Fisher Asset Management LLC raised its position in Winmark by 33.2% in the 3rd quarter. Fisher Asset Management LLC now owns 109,427 shares of the specialty retailer’s stock valued at $54,469,000 after buying an additional 27,275 shares during the last quarter. Geode Capital Management LLC raised its position in Winmark by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 75,665 shares of the specialty retailer’s stock valued at $28,575,000 after buying an additional 849 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Winmark by 2,358.0% in the 2nd quarter. Alliancebernstein L.P. now owns 73,739 shares of the specialty retailer’s stock valued at $27,845,000 after acquiring an additional 70,739 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its stake in Winmark by 16.1% in the 3rd quarter. William Blair Investment Management LLC now owns 70,635 shares of the specialty retailer’s stock valued at $35,160,000 after acquiring an additional 9,800 shares in the last quarter. Institutional investors and hedge funds own 73.32% of the company’s stock.

Winmark Stock Up 2.7%

WINA opened at $454.38 on Thursday. Winmark Corporation has a 12-month low of $295.79 and a 12-month high of $527.37. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 40.18 and a beta of 0.68. The business has a 50 day moving average of $444.93 and a 200-day moving average of $444.59.

Winmark (NASDAQ:WINA) last posted its earnings results on Wednesday, February 18th. The specialty retailer reported $2.69 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.09). Winmark had a negative return on equity of 102.34% and a net margin of 48.40%.The business had revenue of $21.09 million for the quarter, compared to analyst estimates of $21.09 million.

Winmark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 11th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, February 11th. Winmark’s payout ratio is 33.95%.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Winmark from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Winmark 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.