JPMorgan Chase & Co. Increases Stock Position in Winmark Co. (NASDAQ:WINA)

JPMorgan Chase & Co. boosted its position in Winmark Co. (NASDAQ:WINA) by 23.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,747 shares of the specialty retailer’s stock after acquiring an additional 2,025 shares during the period. JPMorgan Chase & Co. owned 0.31% of Winmark worth $4,224,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Winmark by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 168,952 shares of the specialty retailer’s stock worth $66,410,000 after purchasing an additional 1,389 shares during the last quarter. LPL Financial LLC grew its position in shares of Winmark by 32.7% in the 4th quarter. LPL Financial LLC now owns 2,171 shares of the specialty retailer’s stock worth $853,000 after buying an additional 535 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Winmark during the fourth quarter valued at approximately $236,000. Sei Investments Co. raised its holdings in shares of Winmark by 9.6% during the fourth quarter. Sei Investments Co. now owns 1,834 shares of the specialty retailer’s stock valued at $721,000 after acquiring an additional 160 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Winmark in the fourth quarter worth $1,383,000. Hedge funds and other institutional investors own 73.32% of the company’s stock.

Winmark Trading Up 3.0 %

Shares of Winmark stock opened at $343.96 on Friday. Winmark Co. has a 12-month low of $295.79 and a 12-month high of $431.67. The company has a market cap of $1.22 billion, a P/E ratio of 31.58 and a beta of 0.64. The company’s fifty day simple moving average is $331.53 and its two-hundred day simple moving average is $370.97.

Winmark (NASDAQ:WINA) last announced its earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share for the quarter, missing analysts’ consensus estimates of $2.74 by ($0.03). Winmark had a net margin of 49.15% and a negative return on equity of 93.24%. The company had revenue of $21.92 million for the quarter, compared to the consensus estimate of $20.91 million. During the same period in the previous year, the firm posted $2.41 EPS.

Winmark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Wednesday, May 14th will be given a $0.96 dividend. The ex-dividend date is Wednesday, May 14th. This represents a $3.84 annualized dividend and a dividend yield of 1.12%. This is a positive change from Winmark’s previous quarterly dividend of $0.90. Winmark’s dividend payout ratio is currently 33.06%.

Winmark Profile

Winmark Corporation, a resale company operates as a franchisor for small business in the United States and Canada. The company franchises retail stores concepts that buy, sell and trade merchandise. It also operates middle-market equipment leasing business. In addition, the company buys and sells used clothing and accessories geared toward the teenage and young adult market under Plato’s Closet brand; and operates stores which buys and sells used and new children’s clothing, toys, furniture, equipment, and accessories primarily to parents of children ages infant to 12 years under the Once Upon A Child brand.