Winmark Corporation (NASDAQ:WINA) Declares $1.02 Quarterly Dividend

Winmark Corporation (NASDAQ:WINA) announced a quarterly dividend on Thursday, July 16th. Stockholders of record on Wednesday, August 12th will be paid a dividend of 1.02 per share by the specialty retailer on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, August 12th.

Winmark has raised its dividend by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Winmark has a payout ratio of 32.9% meaning its dividend is sufficiently covered by earnings.

Winmark Stock Up 0.0%

NASDAQ:WINA opened at $376.76 on Thursday. Winmark has a 12-month low of $338.18 and a 12-month high of $527.37. The firm has a market capitalization of $1.35 billion, a PE ratio of 33.94 and a beta of 0.52. The firm has a 50-day moving average price of $387.48 and a 200 day moving average price of $415.08.

Winmark (NASDAQ:WINA) last released its quarterly earnings data on Wednesday, July 15th. The specialty retailer reported $2.81 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.33). Winmark had a net margin of 48.19% and a negative return on equity of 100.45%. The company had revenue of $21.97 million for the quarter, compared to analyst estimates of $21.67 million.

Hedge Funds Weigh In On Winmark

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC acquired a new stake in shares of Winmark during the second quarter worth approximately $295,000. GAMMA Investing LLC boosted its holdings in shares of Winmark by 141.5% in the 2nd quarter. GAMMA Investing LLC now owns 99 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 58 shares in the last quarter. Pacer Advisors Inc. bought a new stake in Winmark during the 1st quarter worth approximately $143,000. Empowered Funds LLC bought a new stake in Winmark during the 1st quarter worth approximately $204,000. Finally, Bank of America Corp DE increased its holdings in Winmark by 14.7% during the 1st quarter. Bank of America Corp DE now owns 14,712 shares of the specialty retailer’s stock valued at $6,290,000 after purchasing an additional 1,886 shares in the last quarter. 73.32% of the stock is currently 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.