Winmark Corporation (NASDAQ:WINA – Get Free Report)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $303.66 and last traded at $305.82, with a volume of 12509 shares. The stock had previously closed at $308.47.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “hold (c)” rating on shares of Winmark in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.
Get Our Latest Stock Report on WINA
Winmark Trading Up 0.7%
Winmark (NASDAQ:WINA – Get Free Report) last issued 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 firm had revenue of $21.97 million during the quarter, compared to analyst estimates of $21.67 million.
Winmark Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Wednesday, August 12th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.4%. Winmark’s payout ratio is presently 37.02%.
Hedge Funds Weigh In On Winmark
Several institutional investors and hedge funds have recently modified their holdings of WINA. BlackRock Inc. acquired a new stake in shares of Winmark during the 2nd quarter worth about $207,212,000. Port Capital LLC acquired a new position in Winmark in the 2nd quarter valued at about $36,709,000. Dimensional Fund Advisors LP raised its holdings in Winmark by 5.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 74,379 shares of the specialty retailer’s stock valued at $31,800,000 after acquiring an additional 3,771 shares during the period. Bessemer Group Inc. raised its holdings in Winmark by 3.5% in the 1st quarter. Bessemer Group Inc. now owns 42,738 shares of the specialty retailer’s stock valued at $18,273,000 after acquiring an additional 1,440 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in Winmark during the second quarter worth approximately $13,319,000. 73.32% of the stock is currently owned by institutional investors and hedge funds.
Winmark Company Profile
Winmark Corporation (NASDAQ: WINA) is a franchisor that develops and supports resale retail businesses in the United States and Canada. Its portfolio includes Plato’s Closet, which buys and sells gently used apparel and accessories for teens and young adults; Once Upon A Child, which focuses on children’s clothing, toys and equipment; Play It Again Sports, which specializes in new and used sporting goods; Style Encore, which sells secondhand women’s clothing and accessories; and Music Go Round, which offers new and used musical instruments and equipment.
Winmark’s primary business activities include granting franchises, collecting royalties and providing franchisees with operational support, marketing programs, training, technology and store-development resources.
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