Winmark (NASDAQ:WINA) Sees Large Volume Increase – Here’s What Happened

Winmark Co. (NASDAQ:WINA) saw strong trading volume on Wednesday . 17,002 shares were traded during mid-day trading, an increase of 14% from the previous session’s volume of 14,940 shares.The stock last traded at $386.39 and had previously closed at $385.96.

Winmark Stock Performance

The company has a market capitalization of $1.32 billion, a P/E ratio of 34.25 and a beta of 0.83. The stock has a fifty day moving average of $402.28 and a 200 day moving average of $381.78.

Winmark (NASDAQ:WINA) last issued its quarterly earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 EPS for the quarter, missing analysts’ consensus estimates of $3.16 by ($0.13). The company had revenue of $21.51 million during the quarter. Winmark had a negative return on equity of 85.43% and a net margin of 49.02%.

Winmark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th were issued a dividend of $8.40 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $33.60 annualized dividend and a yield of 8.98%. This is an increase from Winmark’s previous quarterly dividend of $0.90. Winmark’s payout ratio is currently 32.94%.

Insider Activity

In other Winmark news, CFO Anthony D. Ishaug sold 2,400 shares of the business’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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Renae M. Gaudette sold 1,500 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $380.11, for a total value of $570,165.00. Following the transaction, the chief operating officer now owns 15,060 shares of the company’s stock, valued at approximately $5,724,456.60. The trade was a 9.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,300 shares of company stock worth $4,158,071 in the last three months. Company insiders own 10.60% of the company’s stock.

Hedge Funds Weigh In On Winmark

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Winmark by 36.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,722 shares of the specialty retailer’s stock worth $3,340,000 after acquiring an additional 2,333 shares in the last quarter. Geode Capital Management LLC lifted its position in Winmark by 2.1% during the third quarter. Geode Capital Management LLC now owns 71,185 shares of the specialty retailer’s stock valued at $27,264,000 after purchasing an additional 1,445 shares during the last quarter. Barclays PLC grew its stake in shares of Winmark by 117.7% in the 3rd quarter. Barclays PLC now owns 6,073 shares of the specialty retailer’s stock worth $2,325,000 after buying an additional 3,284 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Winmark in the 3rd quarter worth $388,000. Finally, State Street Corp increased its holdings in shares of Winmark by 1.9% in the 3rd quarter. State Street Corp now owns 81,185 shares of the specialty retailer’s stock worth $31,088,000 after buying an additional 1,535 shares during the last quarter. 73.32% of the stock is owned by institutional investors.

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.