Winmark (NASDAQ:WINA) Sees Strong Trading Volume – What’s Next?

Winmark Co. (NASDAQ:WINA) shares saw unusually-strong trading volume on Friday . Approximately 20,523 shares changed hands during trading, a decline of 15% from the previous session’s volume of 24,247 shares.The stock last traded at $307.06 and had previously closed at $308.43.

Winmark Trading Up 2.5 %

The firm’s 50-day moving average is $365.83 and its two-hundred day moving average is $378.74. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 28.60 and a beta of 0.89.

Winmark (NASDAQ:WINA) last announced its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $2.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.05). Winmark had a net margin of 49.15% and a negative return on equity of 93.24%. The business had revenue of $19.55 million for the quarter, compared to analysts’ expectations of $20.25 million.

Winmark Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Wednesday, February 12th were paid a dividend of $0.90 per share. The ex-dividend date was Wednesday, February 12th. This represents a $3.60 annualized dividend and a yield of 1.15%. Winmark’s dividend payout ratio is presently 33.06%.

Institutional Trading of Winmark

Hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Winmark in the 4th quarter valued at approximately $31,000. Sterling Capital Management LLC lifted its holdings in shares of Winmark by 820.0% in the 4th quarter. Sterling Capital Management LLC now owns 92 shares of the specialty retailer’s stock worth $36,000 after acquiring an additional 82 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Winmark by 145.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer’s stock worth $93,000 after acquiring an additional 141 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Winmark in the 4th quarter worth approximately $146,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Winmark in the 4th quarter worth approximately $220,000. Hedge funds and other institutional investors own 73.32% of the company’s 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.