Winmark (NASDAQ:WINA) Shares Climb 3.2% – Here’s Why

Shares of Winmark Corporation (NASDAQ:WINA – Get Free Report) were up 3.2% on Wednesday. The stock traded as high as $291.49 and last traded at $291.5450. Approximately 25,867 shares were traded during trading, a decline of 63% from the average daily volume of 69,673 shares. The stock had previously closed at $282.38.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Winmark from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

View Our Latest Analysis on WINA

Winmark Stock Up 7.1%

The firm has a market capitalization of $1.09 billion, a PE ratio of 27.55 and a beta of 0.57. The business has a 50-day moving average price of $319.80 and a 200-day moving average price of $364.21.

Winmark (NASDAQ:WINA – Get Free Report) last issued its earnings results on Wednesday, October 14th. The specialty retailer reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.02). Winmark had a net margin of 47.09% and a negative return on equity of 99.47%. The company had revenue of $27.89 million during the quarter, compared to analysts’ expectations of $23.99 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Copeland Capital Management LLC increased its position in Winmark by 55.2% during the third quarter. Copeland Capital Management LLC now owns 97,891 shares of the specialty retailer’s stock worth $29,386,000 after purchasing an additional 34,832 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its holdings in Winmark by 7.7% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 751 shares of the specialty retailer’s stock valued at $225,000 after purchasing an additional 54 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Winmark by 360.6% in the 3rd quarter. GAMMA Investing LLC now owns 456 shares of the specialty retailer’s stock valued at $137,000 after purchasing an additional 357 shares during the last quarter. Congress Asset Management Co. grew its stake in shares of Winmark by 21.3% in the 3rd quarter. Congress Asset Management Co. now owns 41,942 shares of the specialty retailer’s stock valued at $12,591,000 after buying an additional 7,361 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Winmark in the 2nd quarter valued at approximately $696,000. Institutional investors and hedge funds own 73.32% of the company’s stock.

Winmark Company Profile

(Get Free Report)

Winmark Corporation is a franchising and equipment-leasing company headquartered in Minneapolis, Minnesota. Through its franchise business, the company supports a portfolio of retail brands focused primarily on the resale of apparel, children’s products, sporting goods and musical instruments.

Winmark’s principal franchise concepts include Plato’s Closet, Once Upon a Child, Play It Again Sports, Style Encore and Music Go Round. These stores acquire and resell gently used merchandise, offering consumers lower-cost alternatives while providing opportunities for individuals to operate locally owned businesses.

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