Winmark Corporation $WINA Position Cut by Citigroup Inc.

Citigroup Inc. decreased its holdings in Winmark Corporation (NASDAQ:WINA) by 51.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,734 shares of the specialty retailer’s stock after selling 6,996 shares during the quarter. Citigroup Inc. owned 0.19% of Winmark worth $3,352,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of WINA. Royal Bank of Canada lifted its holdings in Winmark by 7.7% in the first quarter. Royal Bank of Canada now owns 9,885 shares of the specialty retailer’s stock worth $3,143,000 after purchasing an additional 708 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Winmark by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,736 shares of the specialty retailer’s stock worth $552,000 after acquiring an additional 77 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Winmark by 36.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 766 shares of the specialty retailer’s stock valued at $243,000 after acquiring an additional 206 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Winmark by 28.0% during the first quarter. Goldman Sachs Group Inc. now owns 21,279 shares of the specialty retailer’s stock valued at $6,764,000 after acquiring an additional 4,653 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Winmark by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,252 shares of the specialty retailer’s stock valued at $1,987,000 after acquiring an additional 386 shares during the period. 73.32% of the stock is owned by institutional investors and hedge funds.

Winmark Stock Performance

NASDAQ WINA opened at $452.56 on Friday. Winmark Corporation has a 1 year low of $295.79 and a 1 year high of $527.37. The business’s fifty day moving average is $442.20 and its two-hundred day moving average is $444.47. The stock has a market capitalization of $1.62 billion, a P/E ratio of 40.01 and a beta of 0.68.

Winmark (NASDAQ:WINA) last issued its earnings results on Wednesday, February 18th. The specialty retailer reported $2.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.09). Winmark had a negative return on equity of 102.34% and a net margin of 48.40%.The company had revenue of $21.09 million during the quarter, compared to analyst estimates of $21.09 million.

Winmark Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 11th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. Winmark’s dividend payout ratio is currently 33.95%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Winmark from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

About Winmark

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.