Winmark (NASDAQ:WINA) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of Winmark Corporation (NASDAQ:WINA) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $419.03 and traded as low as $368.56. Winmark shares last traded at $375.70, with a volume of 43,487 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Winmark from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Winmark Stock Performance

The stock has a market cap of $1.35 billion, a P/E ratio of 33.85 and a beta of 0.54. The business has a 50 day simple moving average of $392.44 and a 200-day simple moving average of $419.03.

Winmark (NASDAQ:WINA) last posted its quarterly earnings results on Wednesday, April 15th. The specialty retailer reported $2.50 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.20). Winmark had a negative return on equity of 100.45% and a net margin of 48.19%.The firm had revenue of $20.85 million for the quarter, compared to the consensus estimate of $21.09 million.

Winmark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, May 13th. This is an increase from Winmark’s previous quarterly dividend of $0.96. Winmark’s payout ratio is 36.76%.

Hedge Funds Weigh In On Winmark

Large investors have recently bought and sold shares of the stock. State of Wyoming grew its position in shares of Winmark by 144.8% in the 1st quarter. State of Wyoming now owns 71 shares of the specialty retailer’s stock worth $30,000 after buying an additional 42 shares during the last quarter. Cornerstone Planning Group LLC purchased a new position in Winmark during the third quarter valued at $36,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Winmark in the fourth quarter worth $50,000. Global Retirement Partners LLC raised its stake in shares of Winmark by 265.4% in the fourth quarter. Global Retirement Partners LLC now owns 190 shares of the specialty retailer’s stock worth $77,000 after purchasing an additional 138 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Winmark by 19.0% during the second quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer’s stock valued at $80,000 after acquiring an additional 34 shares during the last quarter. 73.32% of the stock is owned by hedge funds and other institutional investors.

About Winmark

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.