BlackRock Inc. acquired a new position in Winmark Corporation (NASDAQ:WINA – Free Report) in the second quarter, HoldingsChannel.com reports. The firm acquired 489,771 shares of the specialty retailer’s stock, valued at approximately $207,212,000. BlackRock Inc. owned about 0.14% of Winmark at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in WINA. Tower Research Capital LLC TRC boosted its stake in Winmark by 19.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer’s stock valued at $80,000 after purchasing an additional 34 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Winmark by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 545 shares of the specialty retailer’s stock valued at $221,000 after acquiring an additional 35 shares during the last quarter. Mariner LLC grew its stake in shares of Winmark by 3.9% in the third quarter. Mariner LLC now owns 933 shares of the specialty retailer’s stock worth $464,000 after acquiring an additional 35 shares during the period. Inspire Investing LLC grew its stake in shares of Winmark by 3.1% in the first quarter. Inspire Investing LLC now owns 1,192 shares of the specialty retailer’s stock worth $510,000 after acquiring an additional 36 shares during the period. Finally, State of Wyoming raised its holdings in shares of Winmark by 144.8% during the first quarter. State of Wyoming now owns 71 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 42 shares during the last quarter. 73.32% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “hold (c)” rating on shares of Winmark in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Winmark Stock Down 3.1%
Winmark stock opened at $335.23 on Friday. The business has a 50-day simple moving average of $372.85 and a two-hundred day simple moving average of $397.06. Winmark Corporation has a 52-week low of $325.06 and a 52-week high of $527.37. The company has a market cap of $1.20 billion, a P/E ratio of 30.42 and a beta of 0.53.
Winmark (NASDAQ:WINA – Get Free Report) last announced its earnings results on Wednesday, July 15th. The specialty retailer reported $2.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.33). Winmark had a net margin of 47.09% and a negative return on equity of 99.47%. The business had revenue of $21.97 million for the quarter, compared to the consensus estimate of $21.67 million.
Winmark Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Winmark’s payout ratio is presently 37.02%.
Winmark 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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