Winmark Corporation (NASDAQ:WINA – Get Free Report)’s stock price hit a new 52-week low during trading on Thursday. The company traded as low as $279.42 and last traded at $286.2240, with a volume of 59,365 shares traded. The stock had previously closed at $280.77.
Analyst Ratings Changes
Separately, Weiss Ratings lowered shares of Winmark from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Winmark presently has a consensus rating of “Hold”.
Winmark Stock Down 2.2%
The firm’s fifty day moving average price is $309.83 and its 200-day moving average price is $357.40. The stock has a market cap of $995.77 million, a P/E ratio of 24.95 and a beta of 0.57.
Winmark (NASDAQ:WINA – Get Free Report) last issued its quarterly earnings data on Wednesday, October 14th. The specialty retailer reported $3.21 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.02). Winmark had a net margin of 45.13% and a negative return on equity of 94.74%. The firm had revenue of $27.89 million for the quarter, compared to the consensus estimate of $23.99 million.
Winmark Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be given a dividend of $1.02 per share. The ex-dividend date is Tuesday, November 10th. This represents a $4.08 annualized dividend and a dividend yield of 1.5%. Winmark’s payout ratio is currently 36.40%.
Institutional Trading of Winmark
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Winmark in the 2nd quarter valued at approximately $207,212,000. Port Capital LLC purchased a new position in shares of Winmark in the 2nd quarter worth approximately $36,709,000. Dimensional Fund Advisors LP boosted its holdings in shares of Winmark by 5.3% in 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 period. Copeland Capital Management LLC increased its position in shares of Winmark by 55.2% during the 3rd quarter. Copeland Capital Management LLC now owns 97,891 shares of the specialty retailer’s stock valued at $29,386,000 after purchasing an additional 34,832 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Winmark by 3.5% during the 1st quarter. Bessemer Group Inc. now owns 42,738 shares of the specialty retailer’s stock valued at $18,273,000 after purchasing an additional 1,440 shares during the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.
Winmark Company Profile
Winmark Corporation is a franchisor that develops and supports resale and specialty retail businesses in the United States and Canada. Its franchise concepts focus on buying and selling gently used merchandise, offering consumers value-oriented alternatives to traditional retail while providing franchisees with established brand systems and operational support.
The company’s retail brands include Plato’s Closet, which specializes in fashion and accessories for teens and young adults; Once Upon A Child, which sells children’s clothing, toys and equipment; Play It Again Sports, which focuses on new and used sporting goods; Style Encore, which offers women’s resale fashion; and Music Go Round, which specializes in used and new musical instruments and equipment.
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