Winmark (NASDAQ:WINA) Announces Quarterly Earnings Results, Misses Expectations By $0.20 EPS

Winmark (NASDAQ:WINA) posted its quarterly earnings results on Wednesday. The specialty retailer reported $2.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.20), FiscalAI reports. Winmark had a net margin of 48.40% and a negative return on equity of 102.34%. The business had revenue of $20.85 million during the quarter, compared to analyst estimates of $21.09 million.

Winmark Trading Down 1.7%

Shares of NASDAQ:WINA traded down $6.90 during midday trading on Wednesday, reaching $410.10. The company had a trading volume of 47,699 shares, compared to its average volume of 90,260. The company’s 50 day moving average price is $439.98 and its 200 day moving average price is $434.87. The stock has a market cap of $1.47 billion, a P/E ratio of 36.47 and a beta of 0.69. Winmark has a 52-week low of $323.60 and a 52-week high of $527.37.

Winmark Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 11th were issued a $0.96 dividend. 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, February 11th. Winmark’s payout ratio is 33.95%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Winmark from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Winmark has a consensus rating of “Hold”.

Hedge Funds Weigh In On Winmark

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Winmark by 19.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer’s stock worth $80,000 after buying an additional 34 shares during the last quarter. Mariner LLC boosted its holdings in shares of Winmark by 3.9% in the 3rd quarter. Mariner LLC now owns 933 shares of the specialty retailer’s stock worth $464,000 after buying an additional 35 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Winmark by 1.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,229 shares of the specialty retailer’s stock worth $2,105,000 after buying an additional 43 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Winmark by 2.3% in the 3rd quarter. Franklin Resources Inc. now owns 2,025 shares of the specialty retailer’s stock worth $1,008,000 after buying an additional 45 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Winmark by 3.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,573 shares of the specialty retailer’s stock worth $594,000 after buying an additional 56 shares during the last quarter. 73.32% of the stock is owned by hedge funds and other institutional investors.

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.