Winmark (NASDAQ:WINA) Announces Earnings Results

Winmark (NASDAQ:WINA) announced its earnings results on Wednesday. The specialty retailer reported $2.85 EPS for the quarter, topping the consensus estimate of $2.77 by $0.08, Yahoo Finance reports. Winmark had a negative return on equity of 82.26% and a net margin of 48.57%. The company had revenue of $20.12 million for the quarter.

Winmark Price Performance

Shares of NASDAQ WINA traded down $12.62 during midday trading on Friday, hitting $386.20. The stock had a trading volume of 24,910 shares, compared to its average volume of 26,148. The firm has a market cap of $1.35 billion, a P/E ratio of 36.42 and a beta of 0.81. Winmark has a fifty-two week low of $330.25 and a fifty-two week high of $451.30. The company’s 50-day simple moving average is $360.54 and its 200 day simple moving average is $363.65.

Winmark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 14th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 0.93%. The ex-dividend date is Wednesday, August 14th. Winmark’s dividend payout ratio is 32.88%.

Insider Activity

In related news, CFO Anthony D. Ishaug sold 4,000 shares of Winmark stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $386.51, for a total value of $1,546,040.00. Following the completion of the sale, the chief financial officer now directly owns 51,783 shares in the company, valued at $20,014,647.33. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Maxim Group assumed coverage on shares of Winmark in a report on Thursday, June 13th. They set a “buy” rating and a $445.00 price objective on the stock.

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.