Winmark (NASDAQ:WINA) Shares Gap Up – Here’s Why

Winmark Corporation (NASDAQ:WINA) gapped up before the market opened on Thursday . The stock had previously closed at $446.69, but opened at $487.70. Winmark shares last traded at $453.6090, with a volume of 43,562 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Winmark from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Winmark Trading Up 2.4%

The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 40.78 and a beta of 0.69. The stock’s 50 day moving average is $421.58 and its 200 day moving average is $429.88.

Insider Activity at Winmark

In other news, COO Renae M. Gaudette sold 1,200 shares of the stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $417.11, for a total transaction of $500,532.00. Following the transaction, the chief operating officer owned 18,860 shares in the company, valued at approximately $7,866,694.60. This trade represents a 5.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WINA. AltraVue Capital LLC lifted its holdings in shares of Winmark by 0.8% during the third quarter. AltraVue Capital LLC now owns 174,323 shares of the specialty retailer’s stock worth $86,773,000 after buying an additional 1,440 shares in the last quarter. Fisher Asset Management LLC raised its stake in Winmark by 33.2% in the 3rd quarter. Fisher Asset Management LLC now owns 109,427 shares of the specialty retailer’s stock worth $54,469,000 after purchasing an additional 27,275 shares in the last quarter. First Trust Advisors LP boosted its holdings in Winmark by 121.0% in the 3rd quarter. First Trust Advisors LP now owns 97,451 shares of the specialty retailer’s stock valued at $48,508,000 after purchasing an additional 53,365 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Winmark by 534.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 81,433 shares of the specialty retailer’s stock valued at $40,535,000 after purchasing an additional 68,603 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of Winmark by 7.2% during the 3rd quarter. Alliancebernstein L.P. now owns 79,025 shares of the specialty retailer’s stock worth $39,336,000 after purchasing an additional 5,286 shares in the last quarter. 73.32% of the stock is owned by institutional investors and hedge funds.

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.