Winmark (NASDAQ:WINA) Shares Down 3.7% – Here’s What Happened

Winmark Corporation (NASDAQ:WINA)’s stock price was down 3.7% on Tuesday . The stock traded as low as $339.14 and last traded at $337.9810. Approximately 8,648 shares traded hands during trading, a decline of 87% from the average daily volume of 66,495 shares. The stock had previously closed at $350.81.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Winmark in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Winmark Trading Down 0.3%

The stock has a market capitalization of $1.24 billion, a P/E ratio of 31.40 and a beta of 0.53. The business’s fifty day simple moving average is $374.15 and its two-hundred day simple moving average is $397.88.

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). Winmark had a negative return on equity of 99.47% and a net margin of 47.09%.The company had revenue of $21.97 million for the quarter, compared to the consensus estimate of $21.67 million.

Winmark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.08 annualized dividend and a yield of 1.2%. Winmark’s dividend payout ratio is 37.02%.

Institutional Trading of Winmark

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Winmark by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 74,379 shares of the specialty retailer’s stock valued at $31,800,000 after purchasing an additional 3,771 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Winmark in the 1st quarter valued at $6,144,000. Landscape Capital Management L.L.C. acquired a new position in Winmark in the second quarter worth about $2,625,000. Vest Financial LLC raised its holdings in shares of Winmark by 73.0% in the 4th quarter. Vest Financial LLC now owns 10,548 shares of the specialty retailer’s stock worth $4,271,000 after buying an additional 4,451 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Winmark by 31.6% during the first quarter. Bank of New York Mellon Corp now owns 30,770 shares of the specialty retailer’s stock worth $13,156,000 after acquiring an additional 7,384 shares in the last quarter. Institutional investors and hedge funds 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.