Port Capital LLC Makes New $36.71 Million Investment in Winmark Corporation $WINA

Port Capital LLC purchased a new stake in Winmark Corporation (NASDAQ:WINA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 86,767 shares of the specialty retailer’s stock, valued at approximately $36,709,000. Winmark accounts for about 1.5% of Port Capital LLC’s holdings, making the stock its 26th biggest position.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Winmark by 7.7% during the 1st quarter. Royal Bank of Canada now owns 9,885 shares of the specialty retailer’s stock valued at $3,143,000 after acquiring an additional 708 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in 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 purchasing an additional 77 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in Winmark by 36.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 766 shares of the specialty retailer’s stock worth $243,000 after purchasing an additional 206 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Winmark by 28.0% during the first 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 lifted its stake in Winmark by 6.6% during the first 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.

Winmark Price Performance

Winmark stock opened at $346.07 on Thursday. The firm has a market capitalization of $1.24 billion, a P/E ratio of 31.40 and a beta of 0.53. The stock has a fifty day moving average price of $374.15 and a two-hundred day moving average price of $397.88. Winmark Corporation has a 52-week low of $325.06 and a 52-week high of $527.37.

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

Winmark Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be given a $1.02 dividend. The ex-dividend date 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 37.02%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Winmark in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently 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.