Laurus Global Equity Management Inc. Decreases Holdings in Winmark Corporation $WINA

Laurus Global Equity Management Inc. reduced its position in Winmark Corporation (NASDAQ:WINA) by 36.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,880 shares of the specialty retailer’s stock after selling 2,240 shares during the period. Winmark accounts for about 1.3% of Laurus Global Equity Management Inc.’s holdings, making the stock its 18th largest holding. Laurus Global Equity Management Inc.’s holdings in Winmark were worth $1,931,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC purchased a new position in shares of Winmark in the second quarter valued at $31,021,000. Geode Capital Management LLC increased its holdings in Winmark by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 75,665 shares of the specialty retailer’s stock valued at $28,575,000 after acquiring an additional 849 shares in the last quarter. Alliancebernstein L.P. raised its position in Winmark by 2,358.0% during the second quarter. Alliancebernstein L.P. now owns 73,739 shares of the specialty retailer’s stock worth $27,845,000 after acquiring an additional 70,739 shares during the last quarter. Copeland Capital Management LLC raised its position in Winmark by 16.3% during the second quarter. Copeland Capital Management LLC now owns 73,501 shares of the specialty retailer’s stock worth $27,755,000 after acquiring an additional 10,292 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Winmark by 4.9% in the second quarter. Bessemer Group Inc. now owns 57,819 shares of the specialty retailer’s stock valued at $21,833,000 after purchasing an additional 2,687 shares in the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

Winmark Price Performance

NASDAQ:WINA opened at $460.00 on Thursday. The firm has a market cap of $1.64 billion, a PE ratio of 41.00 and a beta of 0.69. The firm has a 50 day simple moving average of $426.29 and a 200-day simple moving average of $433.04. Winmark Corporation has a 1-year low of $295.79 and a 1-year high of $527.37.

Winmark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Wednesday, February 11th will be issued a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 11th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. Winmark’s dividend payout ratio (DPR) is 34.22%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of Winmark in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

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.