Winmark (NASDAQ:WINA) Sets New 12-Month Low – Here’s What Happened

Shares of Winmark Corporation (NASDAQ:WINA) hit a new 52-week low on Tuesday . The company traded as low as $317.83 and last traded at $326.1120, with a volume of 1959 shares changing hands. The stock had previously closed at $332.72.

Analyst Upgrades and Downgrades

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

Winmark Stock Down 1.2%

The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 29.73 and a beta of 0.54. The firm has a 50 day moving average price of $370.37 and a two-hundred day moving average price of $395.53.

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

Winmark Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given 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 dividend yield of 1.2%. Winmark’s dividend payout ratio (DPR) is presently 37.02%.

Institutional Trading of Winmark

Several institutional investors have recently added to or reduced their stakes in WINA. California State Teachers Retirement System boosted its stake in Winmark by 34,956.1% during the 2nd quarter. California State Teachers Retirement System now owns 1,392,779 shares of the specialty retailer’s stock valued at $589,257,000 after acquiring an additional 1,388,806 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Winmark in the 2nd quarter valued at about $207,212,000. Port Capital LLC bought a new position in shares of Winmark during the second quarter worth about $36,709,000. Alliancebernstein L.P. grew its stake in Winmark by 2,358.0% in the second quarter. Alliancebernstein L.P. now owns 73,739 shares of the specialty retailer’s stock worth $27,845,000 after purchasing an additional 70,739 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Winmark by 534.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 81,433 shares of the specialty retailer’s stock valued at $40,535,000 after buying an additional 68,603 shares during the last quarter. 73.32% of the stock is owned by institutional investors and hedge funds.

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.