Winmark (NASDAQ:WINA) Issues Quarterly Earnings Results

Winmark (NASDAQ:WINA) announced its quarterly earnings results on Wednesday. The specialty retailer reported $2.41 earnings per share (EPS) for the quarter, reports. Winmark had a net margin of 48.36% and a negative return on equity of 84.36%. The firm had revenue of $20.11 million during the quarter.

Winmark Stock Performance

Shares of NASDAQ WINA opened at $383.69 on Friday. Winmark has a 52-week low of $308.92 and a 52-week high of $451.30. The firm has a 50 day moving average price of $362.27 and a two-hundred day moving average price of $390.31. The stock has a market cap of $1.34 billion, a P/E ratio of 35.04 and a beta of 0.85.

Winmark Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be given a $0.90 dividend. This is a boost from Winmark’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Tuesday, May 14th. Winmark’s dividend payout ratio is 29.22%.

Hedge Funds Weigh In On Winmark

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its position in shares of Winmark by 91.3% during the third quarter. Tower Research Capital LLC TRC now owns 132 shares of the specialty retailer’s stock worth $29,000 after buying an additional 63 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Winmark during the fourth quarter worth $29,000. AJOVista LLC acquired a new stake in shares of Winmark during the fourth quarter worth $43,000. Lazard Asset Management LLC acquired a new stake in shares of Winmark during the first quarter worth $47,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Winmark during the first quarter worth $55,000. 73.32% of the stock is currently owned by institutional investors and hedge funds.

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.