Allspring Global Investments Holdings LLC Lowers Holdings in Winmark Corporation $WINA

Allspring Global Investments Holdings LLC reduced its stake in shares of Winmark Corporation (NASDAQ:WINA) by 23.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,001 shares of the specialty retailer’s stock after selling 4,535 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.42% of Winmark worth $7,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Elevation Point Wealth Partners LLC bought a new position in shares of Winmark during the second quarter worth $43,000. CWM LLC grew its stake in Winmark by 358.8% during the second quarter. CWM LLC now owns 156 shares of the specialty retailer’s stock valued at $59,000 after acquiring an additional 122 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Winmark by 19.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer’s stock valued at $80,000 after acquiring an additional 34 shares during the last quarter. Toth Financial Advisory Corp lifted its stake in Winmark by 1,250.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 216 shares of the specialty retailer’s stock worth $108,000 after purchasing an additional 200 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Winmark by 48.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 355 shares of the specialty retailer’s stock worth $133,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 73.32% of the company’s stock.

Insider Activity

In related news, COO Renae M. Gaudette sold 1,200 shares of the business’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $417.11, for a total transaction of $500,532.00. Following the completion of the transaction, the chief operating officer owned 18,860 shares in the company, valued at $7,866,694.60. The trade was a 5.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 10.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Winmark Trading Up 2.8%

WINA stock opened at $436.06 on Wednesday. Winmark Corporation has a 12 month low of $295.79 and a 12 month high of $527.37. The company has a 50-day moving average price of $417.35 and a 200 day moving average price of $426.04. The stock has a market cap of $1.55 billion, a PE ratio of 38.86 and a beta of 0.69.

Winmark (NASDAQ:WINA) last posted 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). Winmark had a negative return on equity of 103.08% and a net margin of 48.84%.The firm had revenue of $22.63 million during the quarter, compared to analysts’ expectations of $20.19 million.

Winmark Announces Dividend

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

Winmark Company Profile

Winmark Corporation (NASDAQ: WINA) is a franchisor of retail resale stores, specializing in the resale of apparel, sporting goods, children’s and maternity clothing, toys, and entertainment media. Through its portfolio of well-known brands—such as Plato’s Closet, Once Upon a Child, Play It Again Sports, and Style Encore—Winmark provides aspiring entrepreneurs the opportunity to own and operate neighborhood resale businesses. The company supports its franchisees with site selection, store design, training programs, and ongoing marketing assistance, emphasizing a turnkey approach to retail entrepreneurship.

Each of Winmark’s franchised brands targets a distinct consumer segment.