Bank of New York Mellon Corp Increases Stock Holdings in Winmark Corporation $WINA

Bank of New York Mellon Corp boosted its holdings in shares of Winmark Corporation (NASDAQ:WINA) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,150 shares of the specialty retailer’s stock after buying an additional 683 shares during the period. Bank of New York Mellon Corp owned approximately 0.57% of Winmark worth $7,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WINA. National Bank of Canada FI grew 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 worth $43,000 after acquiring an additional 81 shares during the last quarter. CWM LLC boosted its stake in Winmark by 358.8% in the 2nd quarter. CWM LLC now owns 156 shares of the specialty retailer’s stock worth $59,000 after purchasing an additional 122 shares in the last quarter. Montrusco Bolton Investments Inc. purchased a new stake in Winmark during the 2nd quarter worth approximately $230,000. KLP Kapitalforvaltning AS grew its position in Winmark by 16.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 700 shares of the specialty retailer’s stock worth $264,000 after purchasing an additional 100 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in Winmark during the 1st quarter valued at approximately $233,000. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

Winmark Trading Up 0.8%

Shares of NASDAQ:WINA opened at $406.64 on Friday. Winmark Corporation has a twelve month low of $295.79 and a twelve month high of $527.37. The company has a market cap of $1.45 billion, a PE ratio of 36.24 and a beta of 0.69. The company’s 50 day moving average is $451.07 and its 200 day moving average is $425.86.

Winmark (NASDAQ:WINA) last announced its quarterly earnings data on Wednesday, October 15th. The specialty retailer reported $3.02 EPS for the quarter, missing the consensus estimate of $3.22 by ($0.20). The business had revenue of $22.63 million for the quarter, compared to analyst estimates of $20.19 million. Winmark had a net margin of 48.84% and a negative return on equity of 103.08%.

Winmark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 12th. Winmark’s dividend payout ratio is presently 34.22%.

Insiders Place Their Bets

In other news, Director Lawrence A. Barbetta sold 852 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $505.02, for a total value of $430,277.04. Following the completion of the transaction, the director owned 649 shares of the company’s stock, valued at $327,757.98. The trade was a 56.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brett D. Heffes sold 4,971 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $453.89, for a total value of $2,256,287.19. Following the sale, the chief executive officer directly owned 114,400 shares in the company, valued at approximately $51,925,016. This trade represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 9,464 shares of company stock valued at $4,297,898. Company insiders own 10.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Winmark from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy”.

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.