Winmark Co. (NASDAQ:WINA) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its stake in Winmark Co. (NASDAQ:WINA) by 5.0% during the 1st quarter, HoldingsChannel reports. The fund owned 2,954 shares of the specialty retailer’s stock after selling 156 shares during the period. California State Teachers Retirement System’s holdings in Winmark were worth $1,068,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in WINA. Jacobs Levy Equity Management Inc. increased its position in shares of Winmark by 198.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,776 shares of the specialty retailer’s stock worth $642,000 after purchasing an additional 1,181 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Winmark by 14.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 816 shares of the specialty retailer’s stock worth $296,000 after buying an additional 103 shares during the last quarter. BOKF NA acquired a new position in shares of Winmark in the 1st quarter worth approximately $270,000. Bessemer Group Inc. lifted its stake in Winmark by 7.9% during the first quarter. Bessemer Group Inc. now owns 48,215 shares of the specialty retailer’s stock worth $17,439,000 after purchasing an additional 3,512 shares during the last quarter. Finally, Cynosure Group LLC bought a new stake in Winmark during the first quarter valued at $662,000. 73.32% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Lawrence A. Barbetta sold 583 shares of Winmark stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $405.09, for a total transaction of $236,167.47. Following the sale, the director now directly owns 7,058 shares in the company, valued at $2,859,125.22. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Lawrence A. Barbetta sold 583 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $405.09, for a total transaction of $236,167.47. Following the sale, the director now owns 7,058 shares of the company’s stock, valued at $2,859,125.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lawrence A. Barbetta sold 2,412 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $395.30, for a total value of $953,463.60. Following the transaction, the director now directly owns 4,522 shares of the company’s stock, valued at $1,787,546.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,119 shares of company stock worth $1,239,645. 10.60% of the stock is owned by company insiders.

Winmark Trading Up 2.5 %

Shares of Winmark stock opened at $370.19 on Wednesday. Winmark Co. has a twelve month low of $330.25 and a twelve month high of $451.30. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 33.81 and a beta of 0.81. The business’s 50 day simple moving average is $367.76 and its 200-day simple moving average is $364.70.

Winmark (NASDAQ:WINA) last posted its earnings results on Wednesday, July 17th. The specialty retailer reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.08. Winmark had a negative return on equity of 85.12% and a net margin of 48.57%. The company had revenue of $20.12 million for the quarter.

Winmark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 14th will be given a dividend of $0.90 per share. The ex-dividend date is Wednesday, August 14th. This represents a $3.60 annualized dividend and a dividend yield of 0.97%. Winmark’s dividend payout ratio is presently 32.88%.

Analyst Upgrades and Downgrades

Separately, Maxim Group assumed coverage on shares of Winmark in a research report on Thursday, June 13th. They issued a “buy” rating and a $445.00 price target on the stock.

About Winmark

Winmark Corporation, a resale company operates as a franchisor for small business in the United States and Canada. The company franchises retail stores concepts that buy, sell and trade merchandise. It also operates middle-market equipment leasing business. In addition, the company buys and sells used clothing and accessories geared toward the teenage and young adult market under Plato's Closet brand; and operates stores which buys and sells used and new children's clothing, toys, furniture, equipment, and accessories primarily to parents of children ages infant to 12 years under the Once Upon A Child brand.