Bessemer Group Inc. lifted its holdings in Winmark Corporation (NASDAQ:WINA – Free Report) by 21.7% during the fourth quarter, Holdings Channel reports. The fund owned 41,298 shares of the specialty retailer’s stock after buying an additional 7,369 shares during the quarter. Bessemer Group Inc.’s holdings in Winmark were worth $16,722,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently made changes to their positions in WINA. Royal Bank of Canada grew its position in Winmark by 7.7% during the first quarter. Royal Bank of Canada now owns 9,885 shares of the specialty retailer’s stock valued at $3,143,000 after buying an additional 708 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Winmark by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,736 shares of the specialty retailer’s stock valued at $552,000 after buying an additional 77 shares during the period. Dynamic Technology Lab Private Ltd grew its position in Winmark by 36.8% during the first quarter. Dynamic Technology Lab Private Ltd now owns 766 shares of the specialty retailer’s stock valued at $243,000 after buying an additional 206 shares during the period. Goldman Sachs Group Inc. grew its position in Winmark by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 21,279 shares of the specialty retailer’s stock valued at $6,764,000 after buying an additional 4,653 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Winmark by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,252 shares of the specialty retailer’s stock valued at $1,987,000 after buying an additional 386 shares during the period. Institutional investors and hedge funds own 73.32% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings lowered shares of Winmark from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Winmark presently has a consensus rating of “Hold”.
Winmark Stock Performance
WINA stock opened at $351.18 on Friday. The firm has a market cap of $1.26 billion, a PE ratio of 31.64 and a beta of 0.55. The firm’s fifty day moving average is $408.77 and its 200 day moving average is $422.93. Winmark Corporation has a one year low of $339.93 and a one year high of $527.37.
Winmark (NASDAQ:WINA – Get Free Report) last released its quarterly earnings results on Wednesday, April 15th. The specialty retailer reported $2.50 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.20). The firm had revenue of $20.85 million for the quarter, compared to analyst estimates of $21.09 million. Winmark had a net margin of 48.19% and a negative return on equity of 100.45%.
Winmark Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 13th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. This is a positive change from Winmark’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, May 13th. Winmark’s dividend payout ratio (DPR) is 36.76%.
Winmark Company Profile
Winmark Corporation (NASDAQ: WINA) is a franchisor of retail resale stores, specializing in the resale of apparel, sporting goods, children’s and maternity clothing, toys, and entertainment media. Through its portfolio of well-known brands—such as Plato’s Closet, Once Upon a Child, Play It Again Sports, and Style Encore—Winmark provides aspiring entrepreneurs the opportunity to own and operate neighborhood resale businesses. The company supports its franchisees with site selection, store design, training programs, and ongoing marketing assistance, emphasizing a turnkey approach to retail entrepreneurship.
Each of Winmark’s franchised brands targets a distinct consumer segment.
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