Winmark (NASDAQ:WINA) Sets New 52-Week Low – Here’s What Happened

Winmark Co. (NASDAQ:WINA) hit a new 52-week low during trading on Thursday . The stock traded as low as $300.83 and last traded at $304.11, with a volume of 20523 shares. The stock had previously closed at $308.43.

Winmark Trading Down 1.4 %

The company has a market cap of $1.08 billion, a PE ratio of 27.93 and a beta of 0.89. The firm’s fifty day moving average is $367.55 and its 200 day moving average is $379.26.

Winmark (NASDAQ:WINA) last released its earnings results on Wednesday, February 19th. The specialty retailer reported $2.60 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.05). The company had revenue of $19.55 million for the quarter, compared to analysts’ expectations of $20.25 million. Winmark had a negative return on equity of 93.24% and a net margin of 49.15%.

Winmark Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Wednesday, February 12th were given a $0.90 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.60 annualized dividend and a dividend yield of 1.18%. Winmark’s dividend payout ratio (DPR) is presently 33.06%.

Institutional Trading of Winmark

Several large investors have recently made changes to their positions in WINA. Victory Capital Management Inc. boosted its stake in Winmark by 16.4% during the 3rd quarter. Victory Capital Management Inc. now owns 4,338 shares of the specialty retailer’s stock worth $1,661,000 after purchasing an additional 612 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Winmark in the third quarter worth about $271,000. Charles Schwab Investment Management Inc. boosted its position in Winmark by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 24,067 shares of the specialty retailer’s stock worth $9,216,000 after acquiring an additional 555 shares during the last quarter. Eagle Asset Management Inc. grew its stake in Winmark by 14.2% during the 3rd quarter. Eagle Asset Management Inc. now owns 21,372 shares of the specialty retailer’s stock valued at $8,772,000 after acquiring an additional 2,655 shares in the last quarter. Finally, Centaurus Financial Inc. raised its holdings in Winmark by 108.4% in the 3rd quarter. Centaurus Financial Inc. now owns 721 shares of the specialty retailer’s stock valued at $276,000 after acquiring an additional 375 shares during the last quarter. 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.