Schroder Investment Management Group lessened its holdings in Winmark Co. (NASDAQ:WINA) by 53.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 335 shares of the specialty retailer’s stock after selling 392 shares during the quarter. Schroder Investment Management Group’s holdings in Winmark were worth $58,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN lifted its stake in Winmark by 11.3% in the 2nd quarter. Wells Fargo & Company MN now owns 5,933 shares of the specialty retailer’s stock worth $1,028,000 after acquiring an additional 601 shares in the last quarter. Swiss National Bank raised its holdings in shares of Winmark by 6.5% during the second quarter. Swiss National Bank now owns 4,900 shares of the specialty retailer’s stock worth $848,000 after acquiring an additional 300 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Winmark during the second quarter worth $211,000. Anchor Capital Advisors LLC acquired a new stake in Winmark during the second quarter valued at $734,000. Finally, Creative Planning acquired a new stake in Winmark during the second quarter valued at $782,000. 54.20% of the stock is owned by institutional investors and hedge funds.
In other Winmark news, CEO Brett D. Heffes sold 6,726 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $171.09, for a total transaction of $1,150,751.34. Following the transaction, the chief executive officer now directly owns 120,494 shares of the company’s stock, valued at $20,615,318.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Leah A. Goff sold 1,675 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $164.36, for a total value of $275,303.00. Following the transaction, the vice president now owns 10,500 shares in the company, valued at $1,725,780. The disclosure for this sale can be found here. Insiders have sold a total of 26,792 shares of company stock worth $4,570,344 in the last 90 days. 31.30% of the stock is owned by insiders.
Winmark (NASDAQ:WINA) last posted its earnings results on Wednesday, July 17th. The specialty retailer reported $1.79 earnings per share (EPS) for the quarter. The firm had revenue of $17.40 million during the quarter. Winmark had a net margin of 42.54% and a negative return on equity of 236.11%.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, August 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.62%.
WINA has been the topic of several research reports. BidaskClub lowered Winmark from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. ValuEngine lowered Winmark from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.
Winmark Company Profile
Winmark Corporation operates as a franchisor of 5 retail store concepts that buy, sell, trade, and consign merchandise primarily in the United States and Canada. The company operates through two segments, Franchising and Leasing. Its franchises retail stores operate under the Plato's Closet, Once Upon A Child, Play It Again Sports, Music Go Round, and Style Encore brand names.
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