Winmark (NASDAQ:WINA) Reaches New 1-Year Low – What’s Next?

Winmark Corporation (NASDAQ:WINA)’s stock price hit a new 52-week low on Tuesday. The company traded as low as $275.07 and last traded at $275.89, with a volume of 36,580 shares. The stock had previously closed at $283.16.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Winmark Price Performance

The firm has a market capitalization of $987.05 million, a PE ratio of 24.77 and a beta of 0.57. The firm has a fifty day moving average price of $302.82 and a 200 day moving average price of $378.40.

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

Winmark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be issued a dividend of $1.02 per share. The ex-dividend date is Tuesday, November 10th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.5%. Winmark’s payout ratio is currently 36.40%.

Hedge Funds Weigh In On Winmark

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WINA. BlackRock Inc. purchased a new position in Winmark during the 2nd quarter worth approximately $207,212,000. Copeland Capital Management LLC lifted its holdings in shares of Winmark by 55.2% in the third quarter. Copeland Capital Management LLC now owns 97,891 shares of the specialty retailer’s stock valued at $29,386,000 after purchasing an additional 34,832 shares in the last quarter. Port Capital LLC purchased a new stake in shares of Winmark in the second quarter valued at $36,709,000. Dimensional Fund Advisors LP lifted its holdings in shares of Winmark by 5.3% in the first quarter. Dimensional Fund Advisors LP now owns 74,379 shares of the specialty retailer’s stock valued at $31,800,000 after purchasing an additional 3,771 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Winmark by 3.5% in the first quarter. Bessemer Group Inc. now owns 42,738 shares of the specialty retailer’s stock worth $18,273,000 after buying an additional 1,440 shares during the period. Institutional investors and hedge funds own 73.32% of the company’s stock.

About Winmark

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.