Winmark Corporation (NASDAQ:WINA) Short Interest Up 55.4% in January

Winmark Corporation (NASDAQ:WINA) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 317,625 shares, a growth of 55.4% from the January 15th total of 204,447 shares. Approximately 9.9% of the shares of the company are short sold. Based on an average trading volume of 134,942 shares, the days-to-cover ratio is presently 2.4 days. Based on an average trading volume of 134,942 shares, the days-to-cover ratio is presently 2.4 days. Approximately 9.9% of the shares of the company are short sold.

Hedge Funds Weigh In On Winmark

A number of hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its holdings in Winmark by 775.0% in the 3rd quarter. Geneos Wealth Management Inc. now owns 70 shares of the specialty retailer’s stock valued at $35,000 after purchasing an additional 62 shares during the period. Cornerstone Planning Group LLC bought a new position in shares of Winmark during the third quarter worth approximately $36,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Winmark in the second quarter valued at approximately $43,000. CWM LLC boosted its stake in shares of Winmark by 358.8% in the second quarter. CWM LLC now owns 156 shares of the specialty retailer’s stock valued at $59,000 after buying an additional 122 shares during the period. Finally, Global Retirement Partners LLC grew its position in Winmark by 265.4% during the fourth quarter. Global Retirement Partners LLC now owns 190 shares of the specialty retailer’s stock worth $77,000 after buying an additional 138 shares in the last quarter. 73.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Winmark in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Winmark currently has an average rating of “Buy”.

Winmark Stock Up 3.8%

Shares of NASDAQ:WINA opened at $455.77 on Monday. The stock has a market cap of $1.62 billion, a PE ratio of 40.62 and a beta of 0.68. Winmark has a 12-month low of $295.79 and a 12-month high of $527.37. The business has a 50 day moving average of $432.54 and a 200-day moving average of $439.01.

Winmark Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Wednesday, February 11th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 11th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. Winmark’s dividend payout ratio (DPR) is currently 34.22%.

About Winmark

Winmark Corporation (NASDAQ: WINA) is a franchisor of retail resale stores, specializing in the resale of apparel, sporting goods, children’s and maternity clothing, toys, and entertainment media. Through its portfolio of well-known brands—such as Plato’s Closet, Once Upon a Child, Play It Again Sports, and Style Encore—Winmark provides aspiring entrepreneurs the opportunity to own and operate neighborhood resale businesses. The company supports its franchisees with site selection, store design, training programs, and ongoing marketing assistance, emphasizing a turnkey approach to retail entrepreneurship.

Each of Winmark’s franchised brands targets a distinct consumer segment.