Winmark (NASDAQ:WINA) Announces Earnings Results

Winmark (NASDAQ:WINA) issued its earnings results on Wednesday. The specialty retailer reported $2.85 earnings per share 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 business had revenue of $20.12 million for the quarter.

Winmark Stock Performance

Shares of NASDAQ WINA traded down $3.54 during trading on Friday, reaching $395.28. The stock had a trading volume of 10,199 shares, compared to its average volume of 26,041. The business’s 50-day moving average price is $360.54 and its 200-day moving average price is $363.65. Winmark has a fifty-two week low of $330.25 and a fifty-two week high of $451.30. The company has a market cap of $1.38 billion, a P/E ratio of 36.42 and a beta of 0.81.

Winmark Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 14th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Wednesday, August 14th. Winmark’s dividend payout ratio (DPR) is 32.88%.

Analysts Set New Price Targets

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

Insider Activity at Winmark

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

Winmark Company Profile

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.