Winmark Co. (NASDAQ:WINA) Sees Significant Growth in Short Interest

Winmark Co. (NASDAQ:WINAGet Rating) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 74,400 shares, a growth of 26.5% from the April 30th total of 58,800 shares. Based on an average daily volume of 10,200 shares, the days-to-cover ratio is presently 7.3 days. Currently, 2.7% of the company’s shares are short sold.

In other Winmark news, VP Leah A. Goff sold 1,561 shares of the stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of $225.26, for a total transaction of $351,630.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.80% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Mawer Investment Management Ltd. raised its position in shares of Winmark by 0.4% during the 4th quarter. Mawer Investment Management Ltd. now owns 386,155 shares of the specialty retailer’s stock valued at $95,878,000 after buying an additional 1,355 shares in the last quarter. Port Capital LLC raised its position in shares of Winmark by 2.2% during the 3rd quarter. Port Capital LLC now owns 210,419 shares of the specialty retailer’s stock valued at $45,246,000 after buying an additional 4,452 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Winmark by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 150,356 shares of the specialty retailer’s stock valued at $33,079,000 after buying an additional 2,275 shares in the last quarter. QV Investors Inc. raised its position in shares of Winmark by 5.1% during the 1st quarter. QV Investors Inc. now owns 141,858 shares of the specialty retailer’s stock valued at $31,209,000 after buying an additional 6,860 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Winmark by 2.2% during the 1st quarter. William Blair Investment Management LLC now owns 98,510 shares of the specialty retailer’s stock valued at $21,672,000 after buying an additional 2,123 shares in the last quarter. Hedge funds and other institutional investors own 75.76% of the company’s stock.

WINA has been the topic of several recent analyst reports. TheStreet upgraded Winmark from a “c+” rating to a “b” rating in a research note on Monday, April 11th. StockNews.com initiated coverage on Winmark in a report on Thursday, March 31st. They set a “buy” rating for the company.

Winmark stock opened at $195.74 on Tuesday. The firm’s fifty day moving average price is $212.53 and its 200-day moving average price is $228.04. The stock has a market cap of $680.98 million, a P/E ratio of 18.23 and a beta of 0.79. Winmark has a fifty-two week low of $183.93 and a fifty-two week high of $277.99.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Wednesday, May 11th will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, May 10th. This represents a $2.80 annualized dividend and a dividend yield of 1.43%. This is a boost from Winmark’s previous quarterly dividend of $0.45. Winmark’s dividend payout ratio (DPR) is 26.07%.

About Winmark (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.

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