Winmark (NASDAQ:WINA) Sees Unusually-High Trading Volume

Winmark Co. (NASDAQ:WINA) shares saw strong trading volume on Friday . 18,213 shares traded hands during mid-day trading, a decline of 28% from the previous session’s volume of 25,457 shares.The stock last traded at $354.86 and had previously closed at $352.67.

Analyst Ratings Changes

Separately, Maxim Group initiated coverage on Winmark in a research report on Thursday, June 13th. They set a “buy” rating and a $445.00 target price on the stock.

Winmark Stock Performance

The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 32.21 and a beta of 0.81. The company has a 50 day moving average price of $356.48 and a two-hundred day moving average price of $366.22.

Winmark (NASDAQ:WINA) last announced its earnings results on Wednesday, April 17th. The specialty retailer reported $2.41 earnings per share (EPS) for the quarter. Winmark had a net margin of 48.36% and a negative return on equity of 84.36%. The business had revenue of $20.11 million for the quarter.

Winmark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were paid a $0.90 dividend. This is an increase from Winmark’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Tuesday, May 14th. Winmark’s dividend payout ratio (DPR) is currently 32.88%.

Insider Buying and Selling at Winmark

In other news, CEO Brett D. Heffes sold 8,290 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $373.04, for a total value of $3,092,501.60. Following the completion of the sale, the chief executive officer now directly owns 110,000 shares in the company, valued at $41,034,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Brett D. Heffes sold 8,290 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $373.04, for a total value of $3,092,501.60. Following the completion of the sale, the chief executive officer now owns 110,000 shares of the company’s stock, valued at $41,034,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Anthony D. Ishaug sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $386.51, for a total transaction of $1,546,040.00. Following the sale, the chief financial officer now owns 51,783 shares of the company’s stock, valued at $20,014,647.33. The disclosure for this sale can be found here. 10.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Ables Iannone Moore & Associates Inc. purchased a new position in shares of Winmark during the 4th quarter worth $29,000. AJOVista LLC purchased a new stake in shares of Winmark in the 4th quarter valued at approximately $43,000. Comerica Bank lifted its holdings in shares of Winmark by 673.1% in the 1st quarter. Comerica Bank now owns 201 shares of the specialty retailer’s stock worth $73,000 after acquiring an additional 175 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Winmark during the 4th quarter worth approximately $141,000. Finally, Capstone Investment Advisors LLC acquired a new stake in Winmark in the 1st quarter valued at approximately $247,000. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

About Winmark

Winmark Corporation, a resale company operates as a franchisor for small business in the United States and Canada. The company franchises retail stores concepts that buy, sell and trade merchandise. It also operates middle-market equipment leasing business. In addition, the company buys and sells used clothing and accessories geared toward the teenage and young adult market under Plato's Closet brand; and operates stores which buys and sells used and new children's clothing, toys, furniture, equipment, and accessories primarily to parents of children ages infant to 12 years under the Once Upon A Child brand.