Winmark (NASDAQ:WINA) Sets New 52-Week High – What’s Next?

Winmark Co. (NASDAQ:WINA) reached a new 52-week high during trading on Friday . The stock traded as high as $436.54 and last traded at $431.25, with a volume of 96565 shares traded. The stock had previously closed at $428.46.

Winmark Stock Up 0.9%

The firm’s 50 day simple moving average is $377.23 and its 200 day simple moving average is $374.27. The company has a market capitalization of $1.53 billion, a PE ratio of 39.69 and a beta of 0.61.

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

Winmark Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 14th were paid a dividend of $0.96 per share. This is a positive change from Winmark’s previous quarterly dividend of $0.90. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Wednesday, May 14th. Winmark’s payout ratio is currently 34.32%.

Insider Activity

In other news, CFO Anthony D. Ishaug sold 4,000 shares of the business’s stock in a transaction on Friday, May 30th. The shares were sold at an average price of $425.95, for a total transaction of $1,703,800.00. Following the completion of the sale, the chief financial officer now directly owns 56,683 shares of the company’s stock, valued at approximately $24,144,123.85. The trade was a 6.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.10% of the company’s stock.

Institutional Trading of Winmark

Large investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Winmark during the fourth quarter valued at $31,000. Sterling Capital Management LLC boosted its stake in shares of Winmark by 820.0% during the fourth quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 82 shares during the period. National Bank of Canada FI boosted its stake in shares of Winmark by 147.3% during the first quarter. National Bank of Canada FI now owns 136 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 81 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Winmark by 145.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer’s stock valued at $93,000 after purchasing an additional 141 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of Winmark during the fourth quarter valued at $146,000. 73.32% of the stock is owned by hedge funds and other institutional investors.

About Winmark

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.