Shares of Winmark Corporation (NASDAQ:WINA – Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $283.36 and last traded at $286.8950, with a volume of 537367 shares trading hands. The stock had previously closed at $285.38.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings cut shares of Winmark from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Winmark presently has an average rating of “Hold”.
Read Our Latest Stock Analysis on Winmark
Winmark Stock Performance
Winmark (NASDAQ:WINA – Get Free Report) last issued its quarterly earnings results on Wednesday, July 15th. The specialty retailer reported $2.81 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.33). Winmark had a negative return on equity of 99.47% and a net margin of 47.09%.The business had revenue of $21.97 million for the quarter, compared to the consensus estimate of $21.67 million.
Winmark Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th were issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Wednesday, August 12th. Winmark’s payout ratio is currently 37.02%.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC raised its stake in shares of Winmark by 6.9% during the fourth 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. Inspire Investing LLC raised its stake in Winmark by 3.1% during the first quarter. Inspire Investing LLC now owns 1,192 shares of the specialty retailer’s stock worth $510,000 after buying an additional 36 shares during the last quarter. State of Wyoming lifted its stake in shares of Winmark by 144.8% in the 1st 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 period. Mountain Pacific Investment Advisers LLC grew its position in shares of Winmark by 1.2% during the 1st quarter. Mountain Pacific Investment Advisers LLC now owns 4,473 shares of the specialty retailer’s stock worth $1,912,000 after buying an additional 54 shares during the period. Finally, GAMMA Investing LLC increased its stake in Winmark by 141.5% in the second quarter. GAMMA Investing LLC now owns 99 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own 73.32% of the company’s stock.
About Winmark
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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