Creative Planning Grows Stock Holdings in Winmark Corporation $WINA

Creative Planning grew its holdings in Winmark Corporation (NASDAQ:WINA) by 38.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,227 shares of the specialty retailer’s stock after buying an additional 1,445 shares during the period. Creative Planning owned approximately 0.15% of Winmark worth $1,974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in WINA. Hsbc Holdings PLC purchased a new position in Winmark in the first quarter worth about $233,000. Russell Investments Group Ltd. lifted its stake in shares of Winmark by 115.0% in the 1st quarter. Russell Investments Group Ltd. now owns 2,574 shares of the specialty retailer’s stock valued at $818,000 after purchasing an additional 1,377 shares during the last quarter. Northstar Asset Management Inc. lifted its stake in shares of Winmark by 94.1% in the 1st quarter. Northstar Asset Management Inc. now owns 5,923 shares of the specialty retailer’s stock valued at $1,883,000 after purchasing an additional 2,871 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Winmark by 11.3% in the 1st quarter. Raymond James Financial Inc. now owns 34,176 shares of the specialty retailer’s stock worth $10,864,000 after purchasing an additional 3,467 shares during the period. Finally, Montrusco Bolton Investments Inc. bought a new position in shares of Winmark during the 2nd quarter valued at approximately $230,000. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Winmark news, COO Renae M. Gaudette sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $417.11, for a total transaction of $500,532.00. Following the transaction, the chief operating officer owned 18,860 shares in the company, valued at approximately $7,866,694.60. This represents a 5.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lawrence A. Barbetta sold 852 shares of the firm’s stock in a transaction on 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. This trade represents a 56.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 10.10% of the stock is owned by company insiders.

Winmark Stock Up 2.4%

Shares of NASDAQ WINA opened at $420.90 on Wednesday. The business has a fifty day simple moving average of $446.18 and a two-hundred day simple moving average of $427.38. The firm has a market cap of $1.50 billion, a PE ratio of 37.51 and a beta of 0.69. Winmark Corporation has a twelve month low of $295.79 and a twelve month high of $527.37.

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

Winmark Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.