Winmark Co. (NASDAQ:WINA) Plans Dividend Increase – $0.70 Per Share

Winmark Co. (NASDAQ:WINAGet Rating) declared a quarterly dividend on Wednesday, April 13th, Zacks reports. Shareholders of record on Wednesday, May 11th will be paid a dividend of 0.70 per share by the specialty retailer on Wednesday, June 1st. This represents a $2.80 annualized dividend and a yield of 1.26%. The ex-dividend date is Tuesday, May 10th. This is a boost from Winmark’s previous quarterly dividend of $0.45.

Shares of WINA opened at $222.44 on Friday. The stock has a market capitalization of $798.56 million, a P/E ratio of 20.71 and a beta of 0.78. The company’s fifty day moving average is $224.13 and its two-hundred day moving average is $232.44. Winmark has a 1 year low of $184.02 and a 1 year high of $277.99.

Winmark (NASDAQ:WINAGet Rating) last issued its earnings results on Wednesday, February 23rd. The specialty retailer reported $3.09 EPS for the quarter. The company had revenue of $20.37 million for the quarter. Winmark had a net margin of 50.83% and a negative return on equity of 187.83%.

Several brokerages have commented on WINA. TheStreet upgraded shares of Winmark from a “c+” rating to a “b” rating in a research report on Monday. StockNews.com initiated coverage on shares of Winmark in a research report on Thursday, March 31st. They set a “buy” rating on the stock.

In related news, VP Leah A. Goff sold 1,561 shares of the business’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $225.26, for a total value of $351,630.86. The transaction was disclosed in a document filed with the SEC, which is available through this link. 11.80% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in WINA. Barclays PLC increased its stake in shares of Winmark by 196.8% during the 4th quarter. Barclays PLC now owns 4,202 shares of the specialty retailer’s stock valued at $1,043,000 after acquiring an additional 2,786 shares during the last quarter. Credit Suisse AG increased its stake in shares of Winmark by 2.4% during the 4th quarter. Credit Suisse AG now owns 3,845 shares of the specialty retailer’s stock valued at $954,000 after acquiring an additional 91 shares during the last quarter. Invesco Ltd. increased its stake in shares of Winmark by 90.7% during the 4th quarter. Invesco Ltd. now owns 2,775 shares of the specialty retailer’s stock valued at $689,000 after acquiring an additional 1,320 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Winmark by 32.1% during the 4th quarter. Bank of America Corp DE now owns 2,216 shares of the specialty retailer’s stock valued at $550,000 after acquiring an additional 538 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Winmark by 5.4% during the 4th quarter. Deutsche Bank AG now owns 2,143 shares of the specialty retailer’s stock valued at $532,000 after acquiring an additional 109 shares during the last quarter. 74.51% of the stock is owned by hedge funds and other institutional investors.

Winmark Company Profile (Get Rating)

Winmark Corporation, together with its subsidiaries, operates as a franchisor of retail store concepts that buy, sell, trade, and consign used merchandise primarily in the United States and Canada. The company operates through two segments, Franchising and Leasing. Its franchises retail stores operate under the Plato's Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round brand names.

See Also

Dividend History for Winmark (NASDAQ:WINA)

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