Eagle Asset Management Inc. Raises Holdings in Winmark Co. (NASDAQ:WINA)

Eagle Asset Management Inc. increased its stake in shares of Winmark Co. (NASDAQ:WINA) by 14.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,372 shares of the specialty retailer’s stock after acquiring an additional 2,655 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.61% of Winmark worth $8,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. AltraVue Capital LLC grew its holdings in shares of Winmark by 95.2% in the second quarter. AltraVue Capital LLC now owns 145,914 shares of the specialty retailer’s stock worth $51,454,000 after purchasing an additional 71,145 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Winmark by 55.8% in the 2nd quarter. Victory Capital Management Inc. now owns 3,726 shares of the specialty retailer’s stock worth $1,314,000 after acquiring an additional 1,334 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Winmark by 30.4% in the second quarter. Envestnet Asset Management Inc. now owns 11,373 shares of the specialty retailer’s stock valued at $4,011,000 after acquiring an additional 2,653 shares during the period. Liontrust Investment Partners LLP raised its stake in shares of Winmark by 35.4% during the second quarter. Liontrust Investment Partners LLP now owns 11,043 shares of the specialty retailer’s stock valued at $3,894,000 after acquiring an additional 2,888 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Winmark by 9.7% during the first quarter. Russell Investments Group Ltd. now owns 5,294 shares of the specialty retailer’s stock worth $1,915,000 after purchasing an additional 468 shares during the period. 73.32% of the stock is owned by hedge funds and other institutional investors.

Winmark Price Performance

NASDAQ WINA opened at $403.27 on Monday. The business’s 50-day moving average is $382.53 and its 200 day moving average is $370.92. The stock has a market capitalization of $1.42 billion, a PE ratio of 36.90 and a beta of 0.80. Winmark Co. has a 1 year low of $330.25 and a 1 year high of $451.30.

Winmark (NASDAQ:WINA) last posted its earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.16 by ($0.13). Winmark had a net margin of 49.02% and a negative return on equity of 85.43%. The business had revenue of $21.51 million for the quarter.

Winmark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 13th will be given a $8.40 dividend. This represents a $33.60 annualized dividend and a dividend yield of 8.33%. This is a boost from Winmark’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Wednesday, November 13th. Winmark’s dividend payout ratio (DPR) is currently 32.94%.

Insider Activity

In other Winmark news, COO Renae M. Gaudette sold 1,500 shares of Winmark stock in a transaction on Friday, October 25th. The stock was sold at an average price of $380.11, for a total transaction of $570,165.00. Following the completion of the transaction, the chief operating officer now owns 15,060 shares in the company, valued at approximately $5,724,456.60. The trade was a 9.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Anthony D. Ishaug sold 2,400 shares of Winmark stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $382.59, for a total value of $918,216.00. Following the completion of the transaction, the chief financial officer now directly owns 53,875 shares of the company’s stock, valued at approximately $20,612,036.25. This represents a 4.26 % decrease in their position. The disclosure for this sale can be found here. Insiders own 10.60% of the company’s stock.

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.