Legal & General Group Plc Purchases Shares of 7,068 Winmark Corporation $WINA

Legal & General Group Plc acquired a new position in shares of Winmark Corporation (NASDAQ:WINA) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,068 shares of the specialty retailer’s stock, valued at approximately $2,990,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State of Wyoming boosted its stake in shares of Winmark by 144.8% in the 1st quarter. State of Wyoming now owns 71 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 42 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Winmark during the 2nd quarter worth about $35,000. GAMMA Investing LLC lifted its holdings in Winmark by 141.5% during the 2nd quarter. GAMMA Investing LLC now owns 99 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 58 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Winmark in the fourth quarter valued at about $50,000. Finally, Tower Research Capital LLC TRC boosted its position in Winmark by 19.0% in the second quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer’s stock valued at $80,000 after buying an additional 34 shares in the last quarter. 73.32% of the stock is owned by institutional investors.

Winmark Stock Performance

Winmark stock opened at $318.17 on Friday. The business’s fifty day moving average is $362.37 and its two-hundred day moving average is $392.44. The firm has a market cap of $1.14 billion, a P/E ratio of 28.87 and a beta of 0.54. Winmark Corporation has a 52 week low of $315.00 and a 52 week high of $527.37.

Winmark (NASDAQ:WINA) last announced its earnings results on Wednesday, July 15th. The specialty retailer reported $2.81 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.33). Winmark had a net margin of 47.09% and a negative return on equity of 99.47%. The business had revenue of $21.97 million during the quarter, compared to analyst estimates of $21.67 million.

Winmark Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th were paid a $1.02 dividend. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.3%. Winmark’s payout ratio is currently 37.02%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Winmark in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

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.