Winmark (NASDAQ:WINA) Shares Gap Up – Here’s Why
by Kim Johansen · The Markets DailyWinmark Corporation (NASDAQ:WINA – Get Free Report) shares gapped up prior to trading on Friday. The stock had previously closed at $297.97, but opened at $313.31. Winmark shares last traded at $315.7320, with a volume of 2,865 shares trading hands.
Analysts Set New Price Targets
Separately, Weiss Ratings downgraded Winmark from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, Winmark has an average rating of “Hold”.
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Winmark Stock Performance
The company’s fifty day moving average price is $317.71 and its 200 day moving average price is $362.56. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 27.98 and a beta of 0.57.
Winmark (NASDAQ:WINA – Get Free Report) last posted its quarterly earnings data on Wednesday, October 14th. The specialty retailer reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.02). The company had revenue of $27.89 million during the quarter, compared to the consensus estimate of $23.99 million. Winmark had a net margin of 45.13% and a negative return on equity of 90.38%.
Winmark Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, November 10th. Winmark’s dividend payout ratio (DPR) is 36.40%.
Hedge Funds Weigh In On Winmark
Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Winmark during the 2nd quarter worth $207,212,000. Port Capital LLC acquired a new position in Winmark during the second quarter worth $36,709,000. Copeland Capital Management LLC raised its stake in shares of Winmark by 55.2% during the 3rd quarter. Copeland Capital Management LLC now owns 97,891 shares of the specialty retailer’s stock worth $29,386,000 after purchasing an additional 34,832 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Winmark in the second quarter valued at approximately $13,319,000. Finally, Bank of America Corp DE acquired a new position in Winmark in the 2nd quarter valued at about $6,524,000. Institutional investors own 73.32% of the company’s stock.
Winmark Company Profile
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.