Winmark (NASDAQ:WINA) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Winmark Corporation (NASDAQ:WINA)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $417.90 and traded as low as $385.12. Winmark shares last traded at $394.82, with a volume of 36,722 shares changing hands.

Analyst Upgrades and Downgrades

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

Winmark Price Performance

The company has a market cap of $1.43 billion, a P/E ratio of 36.09 and a beta of 0.54. The stock has a 50-day moving average of $386.82 and a 200 day moving average of $417.78.

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

Winmark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 13th were given a $1.02 dividend. The ex-dividend date was Wednesday, May 13th. This is an increase from Winmark’s previous quarterly dividend of $0.96. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.0%. Winmark’s dividend payout ratio (DPR) is 36.76%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of Winmark by 14.7% in the first quarter. Bank of America Corp DE now owns 14,712 shares of the specialty retailer’s stock worth $6,290,000 after purchasing an additional 1,886 shares during the period. Amundi bought a new position in shares of Winmark in the first quarter worth $212,000. California State Teachers Retirement System increased its position in shares of Winmark by 37.1% in the first quarter. California State Teachers Retirement System now owns 3,973 shares of the specialty retailer’s stock worth $1,699,000 after purchasing an additional 1,075 shares during the period. Empowered Funds LLC bought a new position in Winmark in the first quarter valued at about $204,000. Finally, Quantinno Capital Management LP grew its position in Winmark by 22.9% in the first quarter. Quantinno Capital Management LP now owns 718 shares of the specialty retailer’s stock valued at $307,000 after acquiring an additional 134 shares during the last quarter. Institutional investors own 73.32% of the company’s stock.

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.