Winmark (NASDAQ:WINA) Shares Gap Down to $361.42

Winmark Co. (NASDAQ:WINA) gapped down prior to trading on Wednesday . The stock had previously closed at $361.42, but opened at $349.32. Winmark shares last traded at $351.15, with a volume of 2,665 shares traded.

Analyst Upgrades and Downgrades

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

Winmark Trading Down 0.9 %

The company’s 50 day moving average is $359.58 and its 200 day moving average is $369.52. The company has a market cap of $1.25 billion, a PE ratio of 33.01 and a beta of 0.81.

Winmark (NASDAQ:WINA) last issued its earnings results on Wednesday, April 17th. The specialty retailer reported $2.41 EPS for the quarter. The business had revenue of $20.11 million for the quarter. Winmark had a net margin of 48.36% and a negative return on equity of 84.36%.

Winmark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.60 annualized dividend and a dividend yield of 1.00%. This is a positive change from Winmark’s previous quarterly dividend of $0.80. Winmark’s dividend payout ratio (DPR) is currently 32.88%.

Insider Activity at Winmark

In other news, CEO Brett D. Heffes sold 8,290 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $373.04, for a total value of $3,092,501.60. Following the completion of the sale, the chief executive officer now owns 110,000 shares of the company’s stock, valued at approximately $41,034,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of Winmark stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $386.51, for a total value of $1,546,040.00. Following the transaction, the chief financial officer now owns 51,783 shares in the company, valued at $20,014,647.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brett D. Heffes sold 8,290 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $373.04, for a total transaction of $3,092,501.60. Following the completion of the transaction, the chief executive officer now owns 110,000 shares of the company’s stock, valued at $41,034,400. The disclosure for this sale can be found here. 10.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of WINA. BNP Paribas Financial Markets raised its position in shares of Winmark by 182.8% in the 4th quarter. BNP Paribas Financial Markets now owns 4,590 shares of the specialty retailer’s stock valued at $1,917,000 after purchasing an additional 2,967 shares during the last quarter. Congress Asset Management Co. MA acquired a new stake in shares of Winmark during the first quarter worth $2,085,000. Mountain Pacific Investment Advisers Inc. ID lifted its stake in shares of Winmark by 23.0% during the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 25,685 shares of the specialty retailer’s stock worth $10,725,000 after buying an additional 4,807 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Winmark by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,107 shares of the specialty retailer’s stock valued at $8,249,000 after buying an additional 1,062 shares during the last quarter. Finally, Anchor Capital Advisors LLC increased its position in shares of Winmark by 14.4% in the 4th quarter. Anchor Capital Advisors LLC now owns 3,101 shares of the specialty retailer’s stock valued at $1,295,000 after acquiring an additional 391 shares during the period. Hedge funds and other institutional investors own 73.32% of the company’s stock.

About Winmark

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.