Winmark Corporation (NASDAQ:WINA – Get Free Report) saw unusually-high trading volume on Wednesday. Approximately 52,649 shares changed hands during trading, a decline of 25% from the previous session’s volume of 70,264 shares. The stock last traded at $299.8370 and had previously closed at $305.10.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut Winmark from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold”.
Read Our Latest Report on WINA
Winmark Stock Down 3.0%
The firm has a market capitalization of $1.05 billion, a PE ratio of 26.41 and a beta of 0.57. The stock has a 50-day moving average price of $313.83 and a 200 day moving average price of $360.02.
Winmark (NASDAQ:WINA – Get Free Report) last issued its earnings results on Wednesday, October 14th. The specialty retailer reported $3.21 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.02). The business had revenue of $27.89 million during the quarter, compared to analyst estimates of $23.99 million. Winmark had a net margin of 45.13% and a negative return on equity of 94.74%.
Winmark Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, November 10th. Winmark’s payout ratio is currently 36.40%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of Winmark by 5.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 74,379 shares of the specialty retailer’s stock worth $31,800,000 after purchasing an additional 3,771 shares during the last quarter. Bank of America Corp DE acquired a new stake in Winmark during the 2nd quarter valued at $6,524,000. Bank of New York Mellon Corp acquired a new stake in Winmark during the 2nd quarter valued at $13,319,000. Port Capital LLC acquired a new stake in Winmark during the 2nd quarter valued at $36,709,000. Finally, Principal Financial Group Inc. purchased a new position in Winmark during the first quarter worth $6,144,000. 73.32% of the stock is owned by institutional investors and hedge funds.
Winmark Company Profile
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.
See Also
- Five stocks we like better than Winmark
- Steel Dynamics Eyes New Highs Despite Earnings Miss
- SpaceX Earnings Launch: High Margins Fund AI Ambitions
- 2 Steel Giants Just Reported Earnings—and Told Very Different Stories
- Swiping to Record Highs: Why Visa Remains a Fortress
Receive News & Ratings for Winmark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winmark and related companies with MarketBeat.com's FREE daily email newsletter.
