Winmark (NASDAQ:WINA) Shares Gap Up – Here’s Why

Winmark Co. (NASDAQ:WINA)’s share price gapped up prior to trading on Monday . The stock had previously closed at $403.27, but opened at $424.45. Winmark shares last traded at $430.00, with a volume of 2,197 shares.

Winmark Trading Down 0.6 %

The stock has a 50 day simple moving average of $383.75 and a 200-day simple moving average of $371.24. The firm has a market cap of $1.48 billion, a PE ratio of 38.41 and a beta of 0.80.

Winmark (NASDAQ:WINA) last announced its earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.13). The business had revenue of $21.51 million for the quarter. Winmark had a net margin of 49.02% and a negative return on equity of 85.43%.

Winmark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be given a dividend of $8.40 per share. This represents a $33.60 annualized dividend and a dividend yield of 8.00%. This is a positive change from Winmark’s previous quarterly dividend of $0.90. The ex-dividend date is Wednesday, November 13th. Winmark’s dividend payout ratio is presently 32.94%.

Insider Buying and Selling

In other news, COO Renae M. Gaudette sold 1,500 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $380.11, for a total transaction of $570,165.00. Following the transaction, the chief operating officer now owns 15,060 shares in the company, valued at $5,724,456.60. This trade represents a 9.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Anthony D. Ishaug sold 2,400 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $382.59, for a total value of $918,216.00. Following the completion of the transaction, the chief financial officer now owns 53,875 shares in the company, valued at $20,612,036.25. The trade was a 4.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,300 shares of company stock worth $4,158,071 in the last ninety days. 10.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of WINA. Unique Wealth Strategies LLC acquired a new stake in shares of Winmark during the second quarter worth about $36,000. CWM LLC lifted its stake in shares of Winmark by 197.1% in the second quarter. CWM LLC now owns 101 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 67 shares during the period. nVerses Capital LLC acquired a new stake in shares of Winmark in the 3rd quarter worth approximately $77,000. Comerica Bank boosted its position in shares of Winmark by 673.1% in the 1st quarter. Comerica Bank now owns 201 shares of the specialty retailer’s stock worth $73,000 after buying an additional 175 shares in the last quarter. Finally, Gladius Capital Management LP increased its stake in shares of Winmark by 116.8% during the 2nd quarter. Gladius Capital Management LP now owns 206 shares of the specialty retailer’s stock worth $73,000 after purchasing an additional 111 shares in the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

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.