Geode Capital Management LLC Purchases 849 Shares of Winmark Corporation $WINA

Geode Capital Management LLC grew its position in shares of Winmark Corporation (NASDAQ:WINA) by 1.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 75,665 shares of the specialty retailer’s stock after acquiring an additional 849 shares during the period. Geode Capital Management LLC owned about 2.13% of Winmark worth $28,575,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Select Equity Group L.P. grew its stake in Winmark by 766.0% in the first quarter. Select Equity Group L.P. now owns 23,450 shares of the specialty retailer’s stock worth $7,454,000 after purchasing an additional 20,742 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Winmark in the 1st quarter worth about $3,735,000. Vancity Investment Management Ltd bought a new position in shares of Winmark in the 1st quarter worth about $3,464,000. Copeland Capital Management LLC increased its stake in shares of Winmark by 16.3% in the 2nd quarter. Copeland Capital Management LLC now owns 73,501 shares of the specialty retailer’s stock worth $27,755,000 after acquiring an additional 10,292 shares in the last quarter. Finally, LGT Fund Management Co Ltd. purchased a new position in Winmark during the 2nd quarter valued at about $3,572,000. Hedge funds and other institutional investors own 73.32% of the company’s stock.

Insider Activity

In other news, Director Lawrence A. Barbetta sold 852 shares of Winmark stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $505.02, for a total value of $430,277.04. Following the completion of the sale, the director directly owned 649 shares in the company, valued at $327,757.98. The trade was a 56.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Renae M. Gaudette sold 1,200 shares of the business’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 directly owned 18,860 shares of the company’s stock, valued at $7,866,694.60. The trade was a 5.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 10.10% of the stock is currently owned by company insiders.

Winmark Stock Performance

Shares of NASDAQ WINA opened at $411.06 on Friday. The firm’s 50 day moving average price is $440.79 and its 200-day moving average price is $427.30. Winmark Corporation has a 52-week low of $295.79 and a 52-week high of $527.37. The company has a market cap of $1.46 billion, a PE ratio of 36.64 and a beta of 0.69.

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

Winmark Announces Dividend

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

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Winmark from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average 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.