Winmark Corporation (WINA) To Go Ex-Dividend on November 10th

Winmark Corporation (NASDAQ:WINA) declared a quarterly dividend on Wednesday, October 14th. Shareholders of record on Wednesday, November 11th will be paid a dividend of $1.02 per share by the specialty retailer on Tuesday, December 1st. This represents a $4.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Tuesday, November 10th.

Winmark has raised its dividend payment by an average of 0.3% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Winmark has a dividend payout ratio of 32.9% meaning its dividend is sufficiently covered by earnings.

Winmark Trading Down 1.3%

WINA stock opened at $265.23 on Friday. The firm has a 50 day moving average of $296.83 and a 200-day moving average of $375.00. Winmark has a 12-month low of $261.70 and a 12-month high of $488.83. The company has a market cap of $944.22 million, a price-to-earnings ratio of 23.66 and a beta of 0.56.

Winmark (NASDAQ:WINA) last released its quarterly earnings results on Wednesday, October 14th. The specialty retailer reported $3.21 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.02). The firm had revenue of $27.89 million during the quarter, compared to analyst estimates of $23.99 million. Winmark had a negative return on equity of 94.74% and a net margin of 45.13%.

Institutional Trading of Winmark

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its stake in Winmark by 5.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 8,980 shares of the specialty retailer’s stock valued at $2,696,000 after buying an additional 428 shares in the last quarter. Fifth Third Bancorp grew its holdings in Winmark by 16.6% during the 3rd quarter. Fifth Third Bancorp now owns 1,067 shares of the specialty retailer’s stock valued at $320,000 after buying an additional 152 shares during the last quarter. Bahl & Gaynor LLC grew its holdings in Winmark by 2.7% during the 3rd quarter. Bahl & Gaynor LLC now owns 5,502 shares of the specialty retailer’s stock valued at $1,652,000 after buying an additional 143 shares during the last quarter. Mountain Pacific Investment Advisers LLC increased its position in Winmark by 9.7% during the third quarter. Mountain Pacific Investment Advisers LLC now owns 6,218 shares of the specialty retailer’s stock worth $1,867,000 after buying an additional 550 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Winmark during the third quarter worth $1,201,000. 73.32% of the stock is currently owned by institutional investors and hedge funds.

About Winmark

Winmark Corporation is a franchisor that develops and supports resale and specialty retail businesses in the United States and Canada. Its franchise concepts focus on buying and selling gently used merchandise, offering consumers value-oriented alternatives to traditional retail while providing franchisees with established brand systems and operational support.

The company’s retail brands include Plato’s Closet, which specializes in fashion and accessories for teens and young adults; Once Upon A Child, which sells children’s clothing, toys and equipment; Play It Again Sports, which focuses on new and used sporting goods; Style Encore, which offers women’s resale fashion; and Music Go Round, which specializes in used and new musical instruments and equipment.