Envestnet Asset Management Inc. Sells 3,306 Shares of Winmark Corporation $WINA

Envestnet Asset Management Inc. lowered its stake in shares of Winmark Corporation (NASDAQ:WINA) by 14.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,283 shares of the specialty retailer’s stock after selling 3,306 shares during the period. Envestnet Asset Management Inc. owned 0.57% of Winmark worth $10,096,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. raised its stake in shares of Winmark by 775.0% in the third quarter. Geneos Wealth Management Inc. now owns 70 shares of the specialty retailer’s stock valued at $35,000 after buying an additional 62 shares during the period. Cornerstone Planning Group LLC purchased a new stake in Winmark in the 3rd quarter worth about $36,000. Elevation Point Wealth Partners LLC bought a new stake in Winmark in the 2nd quarter valued at about $43,000. CWM LLC lifted its holdings 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 purchasing an additional 122 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Winmark during the third quarter worth about $95,000. 73.32% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Winmark in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Winmark Price Performance

Shares of NASDAQ:WINA opened at $446.49 on Thursday. The firm has a fifty day moving average price of $434.34 and a two-hundred day moving average price of $440.22. Winmark Corporation has a one year low of $295.79 and a one year high of $527.37. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 39.79 and a beta of 0.68.

Winmark (NASDAQ:WINA) last released its quarterly earnings results on Wednesday, February 18th. The specialty retailer reported $2.69 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.09). Winmark had a net margin of 48.84% and a negative return on equity of 103.08%. The business had revenue of $21.09 million during the quarter, compared to analysts’ expectations of $21.09 million.

Winmark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Wednesday, February 11th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $3.84 annualized dividend and a yield of 0.9%. Winmark’s dividend payout ratio is presently 34.22%.

Winmark 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.