Renae Gaudette Sells 1,200 Shares of Winmark (NASDAQ:WINA) Stock

Winmark Corporation (NASDAQ:WINA) COO Renae Gaudette sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $417.11, for a total transaction of $500,532.00. Following the sale, the chief operating officer owned 18,860 shares of the company’s stock, valued at $7,866,694.60. This represents a 5.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Winmark Price Performance

Shares of NASDAQ WINA opened at $412.39 on Friday. The company has a 50 day simple moving average of $470.20 and a 200-day simple moving average of $417.38. The company has a market capitalization of $1.47 billion, a P/E ratio of 36.75 and a beta of 0.71. Winmark Corporation has a 1 year low of $295.79 and a 1 year high of $527.37.

Winmark (NASDAQ:WINA) last announced its quarterly earnings results on Wednesday, October 15th. The specialty retailer reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.22 by ($0.20). The firm had revenue of $22.63 million for the quarter, compared to analyst estimates of $20.19 million. Winmark had a negative return on equity of 103.08% and a net margin of 48.84%.

Winmark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Wednesday, November 12th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.9%. Winmark’s dividend payout ratio (DPR) is presently 34.22%.

Hedge Funds Weigh In On Winmark

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WINA. Bessemer Group Inc. boosted its position in Winmark by 4.0% in the 1st quarter. Bessemer Group Inc. now owns 55,132 shares of the specialty retailer’s stock valued at $17,525,000 after buying an additional 2,142 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Winmark by 2,706.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,034 shares of the specialty retailer’s stock valued at $7,958,000 after buying an additional 24,142 shares during the period. Teacher Retirement System of Texas boosted its position in Winmark by 12.2% in the 1st quarter. Teacher Retirement System of Texas now owns 3,947 shares of the specialty retailer’s stock valued at $1,255,000 after buying an additional 428 shares during the period. Envestnet Asset Management Inc. boosted its position in Winmark by 33.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 23,923 shares of the specialty retailer’s stock valued at $7,604,000 after buying an additional 5,932 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in Winmark in the 1st quarter valued at approximately $540,000. Hedge funds and other institutional investors own 73.32% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Winmark from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

About Winmark

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.