Winmark (NASDAQ:WINA) Hits New 12-Month Low – What’s Next?

Winmark Corporation (NASDAQ:WINA)’s stock price hit a new 52-week low on Thursday. The stock traded as low as $279.42 and last traded at $286.2240, with a volume of 59,365 shares changing hands. The stock had previously closed at $280.77.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Winmark from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. One research analyst has rated the stock with a Hold rating. According to MarketBeat.com, Winmark currently has a consensus rating of “Hold”.

Winmark Trading Up 1.9%

The firm has a market cap of $1.02 billion, a PE ratio of 25.54 and a beta of 0.57. The stock has a 50 day simple moving average of $312.53 and a 200-day simple moving average of $358.96.

Winmark (NASDAQ:WINA) last posted its quarterly earnings results on Wednesday, October 14th. The specialty retailer reported $3.21 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.02). Winmark had a net margin of 45.13% and a negative return on equity of 94.74%. The business had revenue of $27.89 million for the quarter, compared to the consensus estimate of $23.99 million.

Winmark Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be given a dividend of $1.02 per share. The ex-dividend date is Tuesday, November 10th. This represents a $4.08 annualized dividend and a dividend yield of 1.4%. Winmark’s dividend payout ratio (DPR) is currently 36.40%.

Institutional Trading of Winmark

Several institutional investors and hedge funds have recently added to or reduced their stakes in WINA. Copeland Capital Management LLC lifted its holdings in Winmark by 55.2% in 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. Legacy Wealth Asset Management LLC boosted its stake in Winmark by 7.7% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 751 shares of the specialty retailer’s stock worth $225,000 after purchasing an additional 54 shares during the period. GAMMA Investing LLC grew its holdings in Winmark by 360.6% during the 3rd quarter. GAMMA Investing LLC now owns 456 shares of the specialty retailer’s stock valued at $137,000 after buying an additional 357 shares in the last quarter. Congress Asset Management Co. grew its holdings in Winmark by 21.3% during the 3rd quarter. Congress Asset Management Co. now owns 41,942 shares of the specialty retailer’s stock valued at $12,591,000 after buying an additional 7,361 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Winmark during the 2nd quarter valued at approximately $696,000. Institutional investors own 73.32% of the company’s stock.

Winmark Company Profile

Winmark Corporation is a franchisor that develops and supports resale and specialty retail businesses in the United States and Canada. Its franchise concepts focus on buying and selling gently used merchandise, offering consumers value-oriented alternatives to traditional retail while providing franchisees with established brand systems and operational support.

The company’s retail brands include Plato’s Closet, which specializes in fashion and accessories for teens and young adults; Once Upon A Child, which sells children’s clothing, toys and equipment; Play It Again Sports, which focuses on new and used sporting goods; Style Encore, which offers women’s resale fashion; and Music Go Round, which specializes in used and new musical instruments and equipment.