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

Winmark Corporation (NASDAQ:WINA)’s share price reached a new 52-week low on Wednesday . The company traded as low as $341.46 and last traded at $343.44, with a volume of 4009 shares changing hands. The stock had previously closed at $360.36.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Winmark from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Winmark Trading Up 2.7%

The business has a fifty day moving average of $411.30 and a two-hundred day moving average of $423.44. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 32.60 and a beta of 0.55.

Winmark (NASDAQ:WINA) last issued its quarterly earnings results on Wednesday, April 15th. The specialty retailer reported $2.50 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.20). The company had revenue of $20.85 million during the quarter, compared to analysts’ expectations of $21.09 million. Winmark had a negative return on equity of 100.45% and a net margin of 48.19%.

Winmark Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Wednesday, May 13th will be issued a dividend of $1.02 per share. This is a boost from Winmark’s previous quarterly dividend of $0.96. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, May 13th. Winmark’s dividend payout ratio is 36.76%.

Hedge Funds Weigh In On Winmark

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in Winmark by 7.7% in the first quarter. Royal Bank of Canada now owns 9,885 shares of the specialty retailer’s stock valued at $3,143,000 after purchasing an additional 708 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Winmark by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,736 shares of the specialty retailer’s stock valued at $552,000 after buying an additional 77 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in shares of Winmark by 36.8% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 766 shares of the specialty retailer’s stock worth $243,000 after buying an additional 206 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Winmark by 28.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,279 shares of the specialty retailer’s stock worth $6,764,000 after buying an additional 4,653 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Winmark by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,252 shares of the specialty retailer’s stock worth $1,987,000 after buying an additional 386 shares in the last quarter. 73.32% of the stock is owned by institutional investors and hedge funds.

About Winmark

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.