Winmark (NASDAQ:WINA) Announces Earnings Results

Winmark (NASDAQ:WINA) issued its earnings results on Wednesday. The specialty retailer reported $2.81 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.33), Zacks reports. The company had revenue of $21.97 million for the quarter, compared to analyst estimates of $21.67 million. Winmark had a negative return on equity of 96.84% and a net margin of 47.09%.

Winmark Stock Up 3.2%

WINA stock opened at $388.95 on Friday. Winmark has a 52-week low of $338.18 and a 52-week high of $527.37. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 35.29 and a beta of 0.52. The business has a fifty day moving average of $387.90 and a two-hundred day moving average of $414.93.

Winmark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.08 annualized dividend and a yield of 1.0%. Winmark’s dividend payout ratio (DPR) is 37.02%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of WINA. First Trust Advisors LP raised its stake in shares of Winmark by 56.0% in the 4th quarter. First Trust Advisors LP now owns 152,018 shares of the specialty retailer’s stock valued at $61,558,000 after acquiring an additional 54,567 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Winmark by 18.3% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 96,314 shares of the specialty retailer’s stock valued at $39,001,000 after purchasing an additional 14,881 shares during the period. State Street Corp boosted its position in shares of Winmark by 11.1% during the fourth quarter. State Street Corp now owns 83,822 shares of the specialty retailer’s stock worth $33,943,000 after buying an additional 8,372 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Winmark by 97.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 82,386 shares of the specialty retailer’s stock valued at $33,361,000 after buying an additional 40,699 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Winmark by 7.2% in the third quarter. Alliancebernstein L.P. now owns 79,025 shares of the specialty retailer’s stock valued at $39,336,000 after buying an additional 5,286 shares in the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Winmark in a report on Tuesday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

About Winmark

Winmark Corporation (NASDAQ: WINA) is a franchisor of retail resale stores, specializing in the resale of apparel, sporting goods, children’s and maternity clothing, toys, and entertainment media. Through its portfolio of well-known brands—such as Plato’s Closet, Once Upon a Child, Play It Again Sports, and Style Encore—Winmark provides aspiring entrepreneurs the opportunity to own and operate neighborhood resale businesses. The company supports its franchisees with site selection, store design, training programs, and ongoing marketing assistance, emphasizing a turnkey approach to retail entrepreneurship.

Each of Winmark’s franchised brands targets a distinct consumer segment.