Winmark (NASDAQ:WINA) Shares Gap Up – Should You Buy?

Winmark Corporation (NASDAQ:WINA) shares gapped up prior to trading on Friday. The stock had previously closed at $297.97, but opened at $313.31. Winmark shares last traded at $315.7320, with a volume of 2,865 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Winmark from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 18th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

Winmark Price Performance

The firm’s 50 day simple moving average is $317.71 and its two-hundred day simple moving average is $362.56. The firm has a market capitalization of $1.13 billion, a P/E ratio of 27.98 and a beta of 0.57.

Winmark (NASDAQ:WINA) last announced its quarterly earnings results on Wednesday, October 14th. The specialty retailer reported $3.21 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.02). Winmark had a negative return on equity of 90.38% and a net margin of 45.13%. The business had revenue of $27.89 million during the quarter, compared to analysts’ expectations of $23.99 million.

Winmark Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.08 annualized dividend and a dividend yield of 1.3%. Winmark’s dividend payout ratio is presently 36.40%.

Hedge Funds Weigh In On Winmark

Hedge funds have recently modified their holdings of the stock. Inspire Investing LLC grew its position in shares of Winmark by 3.1% during the 1st quarter. Inspire Investing LLC now owns 1,192 shares of the specialty retailer’s stock worth $510,000 after buying an additional 36 shares during the period. State of Wyoming boosted its position in shares of Winmark by 144.8% in the first quarter. State of Wyoming now owns 71 shares of the specialty retailer’s stock valued at $30,000 after acquiring an additional 42 shares during the period. Mountain Pacific Investment Advisers LLC raised its stake in Winmark by 1.2% in the first quarter. Mountain Pacific Investment Advisers LLC now owns 4,473 shares of the specialty retailer’s stock valued at $1,912,000 after purchasing an additional 54 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in Winmark by 7.7% in the third quarter. Legacy Wealth Asset Management LLC now owns 751 shares of the specialty retailer’s stock worth $225,000 after purchasing an additional 54 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Winmark by 141.5% during the second quarter. GAMMA Investing LLC now owns 99 shares of the specialty retailer’s stock valued at $42,000 after acquiring an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

Winmark Company Profile

Winmark Corporation is a franchising and equipment-leasing company headquartered in Minneapolis, Minnesota. Through its franchise business, the company supports a portfolio of retail brands focused primarily on the resale of apparel, children’s products, sporting goods and musical instruments.

Winmark’s principal franchise concepts include Plato’s Closet, Once Upon a Child, Play It Again Sports, Style Encore and Music Go Round. These stores acquire and resell gently used merchandise, offering consumers lower-cost alternatives while providing opportunities for individuals to operate locally owned businesses.