Winmark (NASDAQ:WINA) Stock Price Down 5.3% – Time to Sell?

Winmark Corporation (NASDAQ:WINA) shares dropped 5.3% on Wednesday . The stock traded as low as $348.93 and last traded at $350.34. Approximately 26,831 shares traded hands during trading, a decline of 61% from the average daily volume of 68,249 shares. The stock had previously closed at $369.95.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Winmark in a report on Tuesday, July 14th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Winmark Trading Up 0.7%

The firm has a market cap of $1.26 billion, a P/E ratio of 32.05 and a beta of 0.53. The stock has a 50 day simple moving average of $382.11 and a 200-day simple moving average of $404.35.

Winmark (NASDAQ:WINA) last posted its earnings results on Wednesday, July 15th. The specialty retailer reported $2.81 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.33). Winmark had a net margin of 47.09% and a negative return on equity of 99.47%. The firm had revenue of $21.97 million for the quarter, compared to the consensus estimate of $21.67 million.

Winmark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be given a dividend of $1.02 per share. The ex-dividend date is Wednesday, August 12th. This represents a $4.08 annualized dividend and a yield of 1.2%. Winmark’s dividend payout ratio (DPR) is 37.02%.

Institutional Trading of Winmark

A number of large investors have recently made changes to their positions in WINA. OMERS ADMINISTRATION Corp bought a new stake in Winmark during the second quarter worth approximately $627,000. Landscape Capital Management L.L.C. bought a new stake in shares of Winmark in the 2nd quarter valued at approximately $2,625,000. OneAscent Financial Services LLC bought a new stake in shares of Winmark in the 2nd quarter valued at approximately $363,000. Vise Technologies Inc. purchased a new position in shares of Winmark in the 2nd quarter worth approximately $210,000. Finally, BlackRock Inc. purchased a new position in shares of Winmark in the 2nd quarter worth approximately $207,212,000. 73.32% of the stock is currently owned by institutional investors.

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.