Winmark (NASDAQ:WINA) Sets New 12-Month Low – Here’s What Happened

Winmark Co. (NASDAQ:WINA) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $295.79 and last traded at $310.12, with a volume of 22442 shares changing hands. The stock had previously closed at $323.49.

Winmark Trading Up 1.9 %

The company has a market cap of $1.15 billion, a P/E ratio of 29.78 and a beta of 0.89. The company has a 50-day simple moving average of $344.42 and a 200 day simple moving average of $374.74.

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

Winmark Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Wednesday, February 12th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Wednesday, February 12th. Winmark’s dividend payout ratio (DPR) is presently 33.06%.

Institutional Trading of Winmark

A number of hedge funds have recently added to or reduced their stakes in WINA. Raymond James Financial Inc. bought a new position in shares of Winmark in the 4th quarter worth $12,071,000. William Blair Investment Management LLC increased its position in Winmark by 17.7% during the 4th quarter. William Blair Investment Management LLC now owns 84,803 shares of the specialty retailer’s stock valued at $33,334,000 after buying an additional 12,755 shares in the last quarter. Victory Capital Management Inc. raised its stake in Winmark by 292.3% in the fourth quarter. Victory Capital Management Inc. now owns 17,020 shares of the specialty retailer’s stock valued at $6,690,000 after buying an additional 12,682 shares during the last quarter. Congress Asset Management Co. increased its holdings in shares of Winmark by 73.3% during the fourth quarter. Congress Asset Management Co. now owns 15,823 shares of the specialty retailer’s stock valued at $6,220,000 after acquiring an additional 6,690 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Winmark by 2.0% in the 4th quarter. Neuberger Berman Group LLC now owns 333,273 shares of the specialty retailer’s stock worth $131,000,000 after purchasing an additional 6,521 shares in the last quarter. 73.32% of the stock is owned by hedge funds and other institutional investors.

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.