Winmark (NASDAQ:WINA) Reaches New 52-Week High – Here’s What Happened

Shares of Winmark Corporation (NASDAQ:WINA) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $522.45 and last traded at $524.39, with a volume of 14940 shares traded. The stock had previously closed at $517.89.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Winmark in a report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy”.

Winmark Trading Down 1.1%

The stock has a market cap of $1.82 billion, a P/E ratio of 45.62 and a beta of 0.71. The business has a 50-day simple moving average of $454.81 and a 200 day simple moving average of $404.62.

Winmark (NASDAQ:WINA) last released its earnings results on Tuesday, July 15th. The specialty retailer reported $2.89 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.01. Winmark had a net margin of 49.48% and a negative return on equity of 98.49%. The business had revenue of $20.42 million during the quarter, compared to the consensus estimate of $20.31 million.

Winmark Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Wednesday, August 13th were issued a $0.96 dividend. The ex-dividend date was Wednesday, August 13th. This represents a $3.84 annualized dividend and a yield of 0.7%. Winmark’s payout ratio is presently 34.19%.

Insider Transactions at Winmark

In other news, CEO Brett D. Heffes sold 4,971 shares of Winmark stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $453.89, for a total value of $2,256,287.19. Following the completion of the transaction, the chief executive officer directly owned 114,400 shares of the company’s stock, valued at approximately $51,925,016. This trade represents a 4.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lawrence A. Barbetta sold 852 shares of the company’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $505.02, for a total value of $430,277.04. Following the sale, the director owned 649 shares in the company, valued at approximately $327,757.98. The trade was a 56.76% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,264 shares of company stock valued at $3,797,366. Company insiders own 10.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC boosted its stake in Winmark by 595.6% during the second quarter. Squarepoint Ops LLC now owns 12,082 shares of the specialty retailer’s stock worth $4,562,000 after acquiring an additional 10,345 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Winmark in the 2nd quarter valued at about $548,000. Caxton Associates LLP increased its position in Winmark by 93.5% in the 2nd quarter. Caxton Associates LLP now owns 4,339 shares of the specialty retailer’s stock valued at $1,638,000 after buying an additional 2,097 shares in the last quarter. Tower Research Capital LLC TRC boosted 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 worth $80,000 after acquiring an additional 34 shares in the last quarter. Finally, Select Equity Group L.P. increased its holdings in shares of Winmark by 16.0% during the second quarter. Select Equity Group L.P. now owns 27,204 shares of the specialty retailer’s stock valued at $10,273,000 after acquiring an additional 3,754 shares in the last quarter. Institutional investors and hedge funds own 73.32% of the company’s stock.

Winmark Company Profile

Winmark Corporation, a resale company operates as a franchisor for small business in the United States and Canada. The company franchises retail stores concepts that buy, sell and trade merchandise. It also operates middle-market equipment leasing business. In addition, the company buys and sells used clothing and accessories geared toward the teenage and young adult market under Plato’s Closet brand; and operates stores which buys and sells used and new children’s clothing, toys, furniture, equipment, and accessories primarily to parents of children ages infant to 12 years under the Once Upon A Child brand.