Winmark (NASDAQ:WINA) Announces Earnings Results

Winmark (NASDAQ:WINA) posted its quarterly earnings data on Wednesday. The specialty retailer reported $2.81 EPS for the quarter, missing the consensus estimate of $3.14 by ($0.33), Zacks reports. Winmark had a negative return on equity of 100.45% and a net margin of 48.19%.The company had revenue of $21.97 million for the quarter, compared to analyst estimates of $21.67 million.

Winmark Stock Down 1.8%

Shares of WINA stock traded down $6.79 on Wednesday, hitting $369.87. The company had a trading volume of 17,300 shares, compared to its average volume of 70,370. The firm has a market cap of $1.32 billion, a P/E ratio of 33.32 and a beta of 0.52. The company has a 50-day moving average price of $387.37 and a 200-day moving average price of $415.37. Winmark has a twelve month low of $338.18 and a twelve month high of $527.37.

Institutional Investors Weigh In On Winmark

A number of hedge funds and other institutional investors have recently made changes to their positions in WINA. Royal Bank of Canada boosted its holdings in Winmark by 7.7% during the first quarter. Royal Bank of Canada now owns 9,885 shares of the specialty retailer’s stock worth $3,143,000 after buying an additional 708 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Winmark by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,736 shares of the specialty retailer’s stock worth $552,000 after acquiring an additional 77 shares during the period. Dynamic Technology Lab Private Ltd grew its position in shares of Winmark by 36.8% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 766 shares of the specialty retailer’s stock valued at $243,000 after acquiring an additional 206 shares during the period. Goldman Sachs Group Inc. raised its holdings in Winmark by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 21,279 shares of the specialty retailer’s stock worth $6,764,000 after purchasing an additional 4,653 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Winmark by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,252 shares of the specialty retailer’s stock worth $1,987,000 after purchasing an additional 386 shares during the period. Institutional investors and hedge funds own 73.32% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Winmark from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

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.