Winmark (NASDAQ:WINA) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Winmark Co. (NASDAQ:WINA) saw strong trading volume on Monday . 84,605 shares changed hands during mid-day trading, an increase of 92% from the previous session’s volume of 44,015 shares.The stock last traded at $434.31 and had previously closed at $432.26.

Winmark Price Performance

The company has a market cap of $1.47 billion, a P/E ratio of 38.16 and a beta of 0.61. The stock has a 50-day moving average of $377.23 and a 200 day moving average of $374.10.

Winmark (NASDAQ:WINA) last posted its quarterly earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 EPS for the quarter, missing analysts’ consensus estimates of $2.74 by ($0.03). Winmark had a negative return on equity of 93.24% and a net margin of 49.15%. The business had revenue of $21.92 million for the quarter, compared to analyst estimates of $20.91 million. During the same period last year, the firm posted $2.41 EPS.

Winmark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Wednesday, May 14th were issued a dividend of $0.96 per share. This is a boost from Winmark’s previous quarterly dividend of $0.90. This represents a $3.84 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Wednesday, May 14th. Winmark’s payout ratio is 34.32%.

Insider Activity

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $425.95, for a total transaction of $1,703,800.00. Following the transaction, the chief financial officer now directly owns 56,683 shares in the company, valued at approximately $24,144,123.85. This represents a 6.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 10.10% of the company’s stock.

Hedge Funds Weigh In On Winmark

Large investors have recently modified their holdings of the company. Neuberger Berman Group LLC lifted its holdings in shares of Winmark by 2.0% in the 4th quarter. Neuberger Berman Group LLC now owns 333,273 shares of the specialty retailer’s stock worth $131,000,000 after purchasing an additional 6,521 shares in the last quarter. Vanguard Group Inc. lifted its stake in Winmark by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 171,334 shares of the specialty retailer’s stock valued at $54,462,000 after acquiring an additional 2,382 shares in the last quarter. William Blair Investment Management LLC lifted its stake in Winmark by 17.7% during the 4th quarter. William Blair Investment Management LLC now owns 84,803 shares of the specialty retailer’s stock valued at $33,334,000 after acquiring an additional 12,755 shares in the last quarter. Nine Ten Capital Management LLC lifted its stake in Winmark by 5.5% during the 4th quarter. Nine Ten Capital Management LLC now owns 83,900 shares of the specialty retailer’s stock valued at $32,979,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Winmark by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 71,451 shares of the specialty retailer’s stock valued at $28,092,000 after acquiring an additional 266 shares in the last quarter. 73.32% of the stock is currently owned by 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.