SEB Asset Management AB Makes New Investment in Winmark Corporation $WINA

SEB Asset Management AB acquired a new position in Winmark Corporation (NASDAQ:WINA) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,674 shares of the specialty retailer’s stock, valued at approximately $1,143,000. SEB Asset Management AB owned 0.07% of Winmark as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Winmark by 3.5% in the fourth quarter. Vanguard Group Inc. now owns 186,832 shares of the specialty retailer’s stock valued at $75,656,000 after acquiring an additional 6,235 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Winmark by 56.0% during the 4th quarter. First Trust Advisors LP now owns 152,018 shares of the specialty retailer’s stock worth $61,558,000 after purchasing an additional 54,567 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Winmark by 18.3% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 96,314 shares of the specialty retailer’s stock valued at $39,001,000 after acquiring an additional 14,881 shares in the last quarter. State Street Corp grew its stake in shares of Winmark by 11.1% in the fourth quarter. State Street Corp now owns 83,822 shares of the specialty retailer’s stock worth $33,943,000 after acquiring an additional 8,372 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of Winmark by 97.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 82,386 shares of the specialty retailer’s stock worth $33,361,000 after buying an additional 40,699 shares in the last quarter. 73.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Winmark in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Winmark currently has an average rating of “Hold”.

Winmark Stock Performance

WINA stock opened at $335.67 on Friday. The stock has a market capitalization of $1.21 billion, a PE ratio of 30.46 and a beta of 0.52. Winmark Corporation has a one year low of $334.52 and a one year high of $527.37. The company has a fifty day moving average of $388.01 and a 200-day moving average of $413.44.

Winmark (NASDAQ:WINA) last released its earnings results on Wednesday, July 15th. The specialty retailer reported $2.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.14 by ($0.33). Winmark had a negative return on equity of 99.47% and a net margin of 47.09%.The business had revenue of $21.97 million for the quarter, compared to analyst estimates of $21.67 million.

Winmark Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Wednesday, August 12th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Winmark’s payout ratio is currently 37.02%.

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.