Winmark (NASDAQ:WINA) Sees Large Volume Increase – Still a Buy?

Winmark Corporation (NASDAQ:WINA) shares saw strong trading volume on Wednesday. 52,649 shares changed hands during trading, a decline of 25% from the previous session’s volume of 70,264 shares. The stock last traded at $299.8370 and had previously closed at $305.10.

Wall Street Analysts Forecast Growth

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

Winmark Stock Up 1.9%

The firm has a market cap of $1.02 billion, a P/E ratio of 25.51 and a beta of 0.57. The business has a fifty day moving average of $311.26 and a 200 day moving average of $357.95.

Winmark (NASDAQ:WINA) last issued its quarterly earnings data on Wednesday, October 14th. The specialty retailer reported $3.21 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.02). The business had revenue of $27.89 million for the quarter, compared to analyst estimates of $23.99 million. Winmark had a negative return on equity of 94.74% and a net margin of 45.13%.

Winmark Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be issued 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 1.4%. Winmark’s dividend payout ratio (DPR) is presently 36.40%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Inspire Investing LLC raised its holdings in shares of Winmark by 3.1% in the 1st quarter. Inspire Investing LLC now owns 1,192 shares of the specialty retailer’s stock valued at $510,000 after purchasing an additional 36 shares during the period. State of Wyoming increased its position in Winmark by 144.8% during 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 period. Legacy Wealth Asset Management LLC grew its position in Winmark by 7.7% during the third quarter. Legacy Wealth Asset Management LLC now owns 751 shares of the specialty retailer’s stock worth $225,000 after buying an additional 54 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Winmark by 141.5% in 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 during the period. Finally, Global Retirement Partners LLC bought a new stake in Winmark during the second quarter worth $35,000. 73.32% of the stock is owned by institutional investors and hedge funds.

About Winmark

Winmark Corporation is a franchisor that develops and supports resale and specialty retail businesses in the United States and Canada. Its franchise concepts focus on buying and selling gently used merchandise, offering consumers value-oriented alternatives to traditional retail while providing franchisees with established brand systems and operational support.

The company’s retail brands include Plato’s Closet, which specializes in fashion and accessories for teens and young adults; Once Upon A Child, which sells children’s clothing, toys and equipment; Play It Again Sports, which focuses on new and used sporting goods; Style Encore, which offers women’s resale fashion; and Music Go Round, which specializes in used and new musical instruments and equipment.