Winmark Co. (NASDAQ:WINA) Plans Quarterly Dividend of $0.90

Winmark Co. (NASDAQ:WINA) declared a quarterly dividend on Wednesday, April 17th, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.90 per share by the specialty retailer on Monday, June 3rd. This represents a $3.60 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Tuesday, May 14th. This is a positive change from Winmark’s previous quarterly dividend of $0.80.

Winmark has raised its dividend by an average of 57.1% annually over the last three years and has increased its dividend annually for the last 3 consecutive years.

Winmark Stock Down 0.7 %

WINA traded down $2.50 during mid-day trading on Thursday, reaching $366.00. 40,760 shares of the company traded hands, compared to its average volume of 28,285. The stock has a market capitalization of $1.28 billion, a P/E ratio of 33.18 and a beta of 0.85. The company’s fifty day moving average price is $362.43 and its 200-day moving average price is $390.42. Winmark has a 52-week low of $308.92 and a 52-week high of $451.30.

Winmark (NASDAQ:WINA) last announced its earnings results on Wednesday, April 17th. The specialty retailer reported $2.41 earnings per share for the quarter. The business had revenue of $20.11 million during the quarter. Winmark had a net margin of 48.27% and a negative return on equity of 83.98%.

Institutional Investors Weigh In On Winmark

A number of hedge funds have recently added to or reduced their stakes in WINA. Morgan Stanley raised its stake in Winmark by 45.8% during the 3rd quarter. Morgan Stanley now owns 80,522 shares of the specialty retailer’s stock valued at $30,045,000 after buying an additional 25,287 shares during the last quarter. Neuberger Berman Group LLC raised its holdings in Winmark by 8.3% in the 4th quarter. Neuberger Berman Group LLC now owns 308,394 shares of the specialty retailer’s stock worth $128,770,000 after purchasing an additional 23,605 shares during the period. BlackRock Inc. raised its holdings in Winmark by 7.3% in the 2nd quarter. BlackRock Inc. now owns 231,493 shares of the specialty retailer’s stock worth $76,964,000 after purchasing an additional 15,844 shares during the period. State Street Corp raised its holdings in Winmark by 18.7% in the 1st quarter. State Street Corp now owns 78,213 shares of the specialty retailer’s stock worth $25,062,000 after purchasing an additional 12,323 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Winmark by 856.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 10,649 shares of the specialty retailer’s stock worth $2,083,000 after purchasing an additional 9,536 shares during the period. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

Winmark Company Profile

Winmark Corporation, a resale company operates as a franchisor for small business in the United States and Canada. The company franchises retail stores concepts that buy, sell and trade merchandise. It also operates middle-market equipment leasing business. In addition, the company buys and sells used clothing and accessories geared toward the teenage and young adult market under Plato's Closet brand; and operates stores which buys and sells used and new children's clothing, toys, furniture, equipment, and accessories primarily to parents of children ages infant to 12 years under the Once Upon A Child brand.