Winmark (NASDAQ:WINA) Stock Crosses Below 200-Day Moving Average – Here’s Why

Winmark Corporation (NASDAQ:WINA) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $435.50 and traded as low as $427.03. Winmark shares last traded at $438.19, with a volume of 80,304 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of Winmark in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Winmark Stock Up 3.3%

The company has a market cap of $1.61 billion, a price-to-earnings ratio of 40.35 and a beta of 0.68. The business has a fifty day simple moving average of $430.54 and a 200 day simple moving average of $436.03.

Winmark Announces Dividend

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

Hedge Funds Weigh In On Winmark

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its holdings in shares of Winmark by 19.0% during the second quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer’s stock worth $80,000 after purchasing an additional 34 shares during the period. ProShare Advisors LLC boosted its stake in Winmark by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 545 shares of the specialty retailer’s stock worth $221,000 after purchasing an additional 35 shares during the period. Mariner LLC raised its position in Winmark by 3.9% during the third quarter. Mariner LLC now owns 933 shares of the specialty retailer’s stock valued at $464,000 after buying an additional 35 shares during the period. Anchor Capital Advisors LLC grew its stake in Winmark by 1.3% during the 3rd quarter. Anchor Capital Advisors LLC now owns 3,402 shares of the specialty retailer’s stock valued at $1,693,000 after acquiring an additional 43 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Winmark by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,229 shares of the specialty retailer’s stock valued at $2,105,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 73.32% of the company’s stock.

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.