Winmark (NASDAQ:WINA) Trading 5.2% Higher After Dividend Announcement

Shares of Winmark Corporation (NASDAQ:WINA) rose 5.2% during mid-day trading on Thursday after the company announced a dividend. The stock traded as high as $394.33 and last traded at $396.5020. 11,091 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 70,544 shares. The stock had previously closed at $376.76.

The newly announced dividend which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, August 12th. Winmark’s dividend payout ratio is presently 37.02%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Winmark in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Winmark Price Performance

The firm’s 50 day moving average is $388.19 and its two-hundred day moving average is $414.75. The firm has a market capitalization of $1.39 billion, a P/E ratio of 35.22 and a beta of 0.52.

Winmark (NASDAQ:WINA) last issued its earnings results on Wednesday, July 15th. The specialty retailer reported $2.81 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.33). Winmark had a negative return on equity of 99.47% and a net margin of 47.09%.The firm had revenue of $21.97 million for the quarter, compared to analyst estimates of $21.67 million.

Institutional Investors Weigh In On Winmark

A number of institutional investors and hedge funds have recently modified their holdings of the company. State of Wyoming grew its holdings in Winmark by 144.8% during the first quarter. State of Wyoming now owns 71 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares during the period. GAMMA Investing LLC increased its position in Winmark by 141.5% during the second quarter. GAMMA Investing LLC now owns 99 shares of the specialty retailer’s stock worth $42,000 after buying an additional 58 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Winmark in the fourth quarter valued at approximately $50,000. Global Retirement Partners LLC raised its stake in Winmark by 265.4% in the fourth quarter. Global Retirement Partners LLC now owns 190 shares of the specialty retailer’s stock valued at $77,000 after buying an additional 138 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Winmark by 19.0% in the second quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer’s stock valued at $80,000 after buying an additional 34 shares during the last quarter. 73.32% of the stock is owned by institutional investors.

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.