Winmark (NASDAQ:WINA) Stock Price Down 5.3% – Here’s What Happened

Winmark Corporation (NASDAQ:WINA)’s share price dropped 5.3% during trading on Wednesday . The stock traded as low as $348.93 and last traded at $350.34. Approximately 26,831 shares were traded during mid-day trading, a decline of 61% from the average session volume of 68,249 shares. The stock had previously closed at $369.95.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Winmark in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Winmark Price Performance

The stock has a market cap of $1.26 billion, a P/E ratio of 31.87 and a beta of 0.53. The firm’s 50-day moving average price is $383.32 and its 200-day moving average price is $405.83.

Winmark (NASDAQ:WINA) last released its earnings results on Wednesday, July 15th. The specialty retailer reported $2.81 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.33). Winmark had a negative return on equity of 99.47% and a net margin of 47.09%.The company had revenue of $21.97 million during the quarter, compared to analysts’ expectations of $21.67 million.

Winmark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be paid a $1.02 dividend. The ex-dividend date is Wednesday, August 12th. This represents a $4.08 annualized dividend and a yield of 1.2%. Winmark’s payout ratio is presently 37.02%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its position in shares of Winmark by 7.7% in the first quarter. Royal Bank of Canada now owns 9,885 shares of the specialty retailer’s stock worth $3,143,000 after buying an additional 708 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Winmark by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,736 shares of the specialty retailer’s stock valued at $552,000 after buying an additional 77 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in Winmark by 36.8% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 766 shares of the specialty retailer’s stock valued at $243,000 after buying an additional 206 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Winmark by 28.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,279 shares of the specialty retailer’s stock valued at $6,764,000 after buying an additional 4,653 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Winmark by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,252 shares of the specialty retailer’s stock worth $1,987,000 after acquiring an additional 386 shares during the last quarter. Institutional investors own 73.32% of the company’s stock.

About Winmark

Winmark Corporation (NASDAQ: WINA) is a franchisor of retail resale stores, specializing in the resale of apparel, sporting goods, children’s and maternity clothing, toys, and entertainment media. Through its portfolio of well-known brands—such as Plato’s Closet, Once Upon a Child, Play It Again Sports, and Style Encore—Winmark provides aspiring entrepreneurs the opportunity to own and operate neighborhood resale businesses. The company supports its franchisees with site selection, store design, training programs, and ongoing marketing assistance, emphasizing a turnkey approach to retail entrepreneurship.

Each of Winmark’s franchised brands targets a distinct consumer segment.