Winmark (NASDAQ:WINA) Sees Large Volume Increase

Winmark Co. (NASDAQ:WINAGet Free Report) shares saw an uptick in trading volume on Wednesday . 36,512 shares were traded during trading, an increase of 35% from the previous session’s volume of 27,104 shares.The stock last traded at $369.56 and had previously closed at $367.45.

Analyst Upgrades and Downgrades

Separately, Maxim Group began coverage on Winmark in a research note on Thursday, June 13th. They issued a “buy” rating and a $445.00 price objective for the company.

View Our Latest Analysis on Winmark

Winmark Stock Performance

The stock has a market capitalization of $1.30 billion, a PE ratio of 33.79 and a beta of 0.81. The company’s fifty day simple moving average is $370.67 and its two-hundred day simple moving average is $364.79.

Winmark (NASDAQ:WINAGet Free Report) last issued its quarterly earnings data on Wednesday, July 17th. The specialty retailer reported $2.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.08. The firm had revenue of $20.12 million during the quarter. Winmark had a negative return on equity of 85.12% and a net margin of 48.57%.

Winmark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Wednesday, August 14th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, August 14th. Winmark’s dividend payout ratio is presently 32.88%.

Insider Buying and Selling

In related news, Director Lawrence A. Barbetta sold 2,412 shares of Winmark stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $395.30, for a total transaction of $953,463.60. Following the completion of the sale, the director now owns 4,522 shares in the company, valued at approximately $1,787,546.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Winmark news, Director Lawrence A. Barbetta sold 583 shares of Winmark stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $405.09, for a total value of $236,167.47. Following the completion of the sale, the director now owns 7,058 shares in the company, valued at approximately $2,859,125.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lawrence A. Barbetta sold 2,412 shares of Winmark stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $395.30, for a total value of $953,463.60. Following the completion of the sale, the director now owns 4,522 shares of the company’s stock, valued at approximately $1,787,546.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,119 shares of company stock worth $1,239,645. 10.60% of the stock is owned by corporate insiders.

Institutional Trading of Winmark

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AltraVue Capital LLC lifted its stake in shares of Winmark by 95.2% in the 2nd quarter. AltraVue Capital LLC now owns 145,914 shares of the specialty retailer’s stock valued at $51,454,000 after purchasing an additional 71,145 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Winmark by 9.0% in the 2nd quarter. William Blair Investment Management LLC now owns 71,426 shares of the specialty retailer’s stock valued at $25,187,000 after purchasing an additional 5,892 shares in the last quarter. Congress Asset Management Co. MA acquired a new position in shares of Winmark in the 1st quarter valued at about $2,085,000. Mountain Pacific Investment Advisers Inc. ID lifted its stake in shares of Winmark by 23.0% in the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 25,685 shares of the specialty retailer’s stock valued at $10,725,000 after purchasing an additional 4,807 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Winmark by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 162,668 shares of the specialty retailer’s stock valued at $58,837,000 after purchasing an additional 3,594 shares in the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

About Winmark

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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.

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