Winmark Corporation (NASDAQ:WINA – Get Free Report) announced a quarterly dividend on Wednesday, October 14th. Investors of record on Wednesday, November 11th will be paid a dividend of $1.02 per share by the specialty retailer on Tuesday, December 1st. This represents a $4.08 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, November 10th.
Winmark has raised its dividend by an average of 0.3% per year over the last three years and has raised its dividend every year for the last 5 years. Winmark has a dividend payout ratio of 32.9% indicating that its dividend is sufficiently covered by earnings.
Winmark Stock Performance
Winmark stock opened at $297.97 on Thursday. The stock’s 50 day moving average price is $318.50 and its 200 day moving average price is $363.29. The firm has a market capitalization of $1.07 billion, a PE ratio of 27.04 and a beta of 0.57. Winmark has a one year low of $280.05 and a one year high of $488.83.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of WINA. Copeland Capital Management LLC grew its holdings in Winmark by 55.2% during the 3rd quarter. Copeland Capital Management LLC now owns 97,891 shares of the specialty retailer’s stock worth $29,386,000 after acquiring an additional 34,832 shares in the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of Winmark by 7.7% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 751 shares of the specialty retailer’s stock worth $225,000 after purchasing an additional 54 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Winmark by 360.6% in the 3rd quarter. GAMMA Investing LLC now owns 456 shares of the specialty retailer’s stock worth $137,000 after purchasing an additional 357 shares during the last quarter. Congress Asset Management Co. increased its position in shares of Winmark by 21.3% in the 3rd quarter. Congress Asset Management Co. now owns 41,942 shares of the specialty retailer’s stock worth $12,591,000 after purchasing an additional 7,361 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Winmark in the 2nd quarter valued at about $696,000. Hedge funds and other institutional investors own 73.32% of the company’s stock.
About Winmark
Winmark Corporation is a franchising and equipment-leasing company headquartered in Minneapolis, Minnesota. Through its franchise business, the company supports a portfolio of retail brands focused primarily on the resale of apparel, children’s products, sporting goods and musical instruments.
Winmark’s principal franchise concepts include Plato’s Closet, Once Upon a Child, Play It Again Sports, Style Encore and Music Go Round. These stores acquire and resell gently used merchandise, offering consumers lower-cost alternatives while providing opportunities for individuals to operate locally owned businesses.
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