Winmark (NASDAQ:WINA) Issues Quarterly Earnings Results

Winmark (NASDAQ:WINA) released its quarterly earnings results on Wednesday. The specialty retailer reported $2.41 earnings per share (EPS) for the quarter, reports. The firm had revenue of $20.11 million for the quarter. Winmark had a negative return on equity of 87.50% and a net margin of 48.36%.

Winmark Price Performance

WINA stock opened at $366.00 on Friday. The company has a market cap of $1.28 billion, a P/E ratio of 33.42 and a beta of 0.85. Winmark has a 1 year low of $308.92 and a 1 year high of $451.30. The stock’s fifty day moving average price is $362.20 and its 200-day moving average price is $390.25.

Winmark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be paid a $0.90 dividend. This is an increase from Winmark’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Tuesday, May 14th. Winmark’s dividend payout ratio (DPR) is 29.22%.

Hedge Funds Weigh In On Winmark

A number of institutional investors and hedge funds have recently modified their holdings of WINA. Morgan Stanley boosted its stake in shares of Winmark by 45.8% in the 3rd quarter. Morgan Stanley now owns 80,522 shares of the specialty retailer’s stock worth $30,045,000 after buying an additional 25,287 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Winmark by 8.3% in the 4th quarter. Neuberger Berman Group LLC now owns 308,394 shares of the specialty retailer’s stock worth $128,770,000 after buying an additional 23,605 shares during the last quarter. BlackRock Inc. raised its holdings in Winmark by 7.3% in the 2nd quarter. BlackRock Inc. now owns 231,493 shares of the specialty retailer’s stock worth $76,964,000 after purchasing an additional 15,844 shares during the period. State Street Corp raised its holdings in Winmark by 18.7% in the 1st quarter. State Street Corp now owns 78,213 shares of the specialty retailer’s stock worth $25,062,000 after purchasing an additional 12,323 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Winmark by 856.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 10,649 shares of the specialty retailer’s stock worth $2,083,000 after purchasing an additional 9,536 shares during the period. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

About Winmark

Winmark Corporation, a resale company operates as a franchisor for small business in the United States and Canada. The company franchises retail stores concepts that buy, sell and trade merchandise. It also operates middle-market equipment leasing business. In addition, the company buys and sells used clothing and accessories geared toward the teenage and young adult market under Plato's Closet brand; and operates stores which buys and sells used and new children's clothing, toys, furniture, equipment, and accessories primarily to parents of children ages infant to 12 years under the Once Upon A Child brand.