Winmark (NASDAQ:WINA) Trading Up 5.2% After Dividend Announcement

Winmark Corporation (NASDAQ:WINA) shares traded up 5.2% on Thursday after the company announced a dividend. The stock traded as high as $394.33 and last traded at $396.5020. 11,091 shares were traded during mid-day trading, a decline of 84% from the average session volume of 70,544 shares. The stock had previously closed at $376.76.

The newly announced dividend which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.0%. Winmark’s dividend payout ratio is presently 36.76%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Winmark in a research report on Tuesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Winmark Stock Up 4.7%

The company has a 50 day simple moving average of $387.48 and a two-hundred day simple moving average of $415.08. The company has a market capitalization of $1.41 billion, a P/E ratio of 35.53 and a beta of 0.52.

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

Institutional Investors Weigh In On Winmark

Several institutional investors have recently made changes to their positions in WINA. Royal Bank of Canada grew its holdings in Winmark by 7.7% during the 1st 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 worth $552,000 after purchasing an additional 77 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its position in shares of Winmark by 36.8% during the first quarter. Dynamic Technology Lab Private Ltd now owns 766 shares of the specialty retailer’s stock valued at $243,000 after buying an additional 206 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Winmark by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 21,279 shares of the specialty retailer’s stock valued at $6,764,000 after buying an additional 4,653 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Winmark by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,252 shares of the specialty retailer’s stock valued at $1,987,000 after buying an additional 386 shares during the last quarter. Institutional investors own 73.32% of the company’s stock.

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.