First Trust Advisors LP Acquires 53,365 Shares of Winmark Corporation $WINA

First Trust Advisors LP boosted its holdings in shares of Winmark Corporation (NASDAQ:WINA) by 121.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 97,451 shares of the specialty retailer’s stock after acquiring an additional 53,365 shares during the period. First Trust Advisors LP owned 2.74% of Winmark worth $48,508,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geneos Wealth Management Inc. lifted its stake in shares of Winmark by 775.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 70 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 62 shares during the period. Cornerstone Planning Group LLC acquired a new stake in shares of Winmark during the third quarter worth $36,000. Elevation Point Wealth Partners LLC bought a new stake in Winmark in the second quarter valued at about $43,000. Tower Research Capital LLC TRC increased its holdings in Winmark by 19.0% in the second 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. Finally, State of Alaska Department of Revenue acquired a new position in Winmark in the third quarter valued at about $95,000. Institutional investors own 73.32% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Winmark from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Winmark currently has a consensus rating of “Hold”.

Winmark Price Performance

NASDAQ WINA opened at $454.38 on Thursday. Winmark Corporation has a one year low of $295.79 and a one year high of $527.37. The firm has a market cap of $1.63 billion, a P/E ratio of 40.18 and a beta of 0.68. The stock’s 50-day moving average is $444.93 and its 200-day moving average is $444.59.

Winmark (NASDAQ:WINA) last issued its quarterly earnings data on Wednesday, February 18th. The specialty retailer reported $2.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.09). The business had revenue of $21.09 million during the quarter, compared to analyst estimates of $21.09 million. Winmark had a net margin of 48.40% and a negative return on equity of 102.34%.

Winmark Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 11th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. Winmark’s dividend payout ratio is currently 33.95%.

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.