Winmark (NASDAQ:WINA) Shares Up 3.2% Following Dividend Announcement

Winmark Corporation (NASDAQ:WINA)’s stock price traded up 3.2% during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $291.49 and last traded at $291.5450. 25,867 shares traded hands during trading, a decline of 63% from the average daily volume of 69,673 shares. The stock had previously closed at $282.38.

The newly announced dividend which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be given a dividend of $1.02 per share. The ex-dividend date is Tuesday, November 10th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.3%. Winmark’s dividend payout ratio (DPR) is 36.40%.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Winmark from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 18th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Winmark Stock Performance

The firm has a market capitalization of $1.13 billion, a P/E ratio of 28.03 and a beta of 0.57. The stock has a 50-day moving average of $317.71 and a 200 day moving average of $362.56.

Winmark (NASDAQ:WINA) last released its quarterly earnings results on Wednesday, October 14th. The specialty retailer reported $3.21 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.02). Winmark had a net margin of 45.13% and a negative return on equity of 90.38%. The business had revenue of $27.89 million for the quarter, compared to analyst estimates of $23.99 million.

Institutional Trading of Winmark

Hedge funds and other institutional investors have recently made changes to their positions in the business. Inspire Investing LLC grew its holdings in Winmark by 3.1% during the 1st quarter. Inspire Investing LLC now owns 1,192 shares of the specialty retailer’s stock worth $510,000 after acquiring an additional 36 shares during the last quarter. State of Wyoming raised its stake in shares of Winmark by 144.8% in the first quarter. State of Wyoming now owns 71 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 42 shares during the last quarter. Mountain Pacific Investment Advisers LLC raised its stake in shares of Winmark by 1.2% in the first quarter. Mountain Pacific Investment Advisers LLC now owns 4,473 shares of the specialty retailer’s stock worth $1,912,000 after acquiring an additional 54 shares during the last quarter. Legacy Wealth Asset Management LLC raised its stake in shares of Winmark by 7.7% in the third quarter. Legacy Wealth Asset Management LLC now owns 751 shares of the specialty retailer’s stock worth $225,000 after acquiring an additional 54 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Winmark by 141.5% during the second quarter. GAMMA Investing LLC now owns 99 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 58 shares in the last quarter. 73.32% of the stock is currently owned by institutional investors and hedge funds.

About Winmark

Winmark Corporation is a franchising and equipment-leasing company headquartered in Minneapolis, Minnesota. Through its franchise business, the company supports a portfolio of retail brands focused primarily on the resale of apparel, children’s products, sporting goods and musical instruments.

Winmark’s principal franchise concepts include Plato’s Closet, Once Upon a Child, Play It Again Sports, Style Encore and Music Go Round. These stores acquire and resell gently used merchandise, offering consumers lower-cost alternatives while providing opportunities for individuals to operate locally owned businesses.