Winmark (NASDAQ:WINA) Downgraded by BidaskClub to Sell

BidaskClub downgraded shares of Winmark (NASDAQ:WINA) from a hold rating to a sell rating in a research note issued to investors on Thursday, BidAskClub reports.

Separately, ValuEngine downgraded shares of Winmark from a sell rating to a strong sell rating in a research report on Wednesday, October 2nd.

NASDAQ:WINA opened at $179.00 on Thursday. The firm’s 50 day simple moving average is $172.23 and its 200 day simple moving average is $174.22. Winmark has a one year low of $144.36 and a one year high of $194.85. The company has a market cap of $674.40 million, a PE ratio of 23.50 and a beta of 0.25.

Winmark (NASDAQ:WINA) last posted its earnings results on Wednesday, October 16th. The specialty retailer reported $2.24 EPS for the quarter. Winmark had a net margin of 43.24% and a negative return on equity of 234.31%. The business had revenue of $19.68 million for the quarter.

In other news, VP Renae M. Gaudette sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $163.06, for a total value of $73,377.00. Following the transaction, the vice president now owns 6,675 shares in the company, valued at approximately $1,088,425.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Steven Murphy sold 4,794 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $169.77, for a total transaction of $813,877.38. Following the completion of the transaction, the insider now owns 1,296 shares in the company, valued at approximately $220,021.92. The disclosure for this sale can be found here. Insiders sold a total of 23,581 shares of company stock worth $4,007,730 in the last 90 days. Corporate insiders own 31.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Winmark by 7.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 148,968 shares of the specialty retailer’s stock worth $25,794,000 after purchasing an additional 10,525 shares during the period. BlackRock Inc. lifted its position in shares of Winmark by 8.1% in the 2nd quarter. BlackRock Inc. now owns 146,492 shares of the specialty retailer’s stock worth $25,364,000 after purchasing an additional 11,032 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Winmark by 14.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 16,293 shares of the specialty retailer’s stock worth $2,821,000 after purchasing an additional 2,065 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Winmark in the 2nd quarter worth approximately $1,905,000. Finally, Bahl & Gaynor Inc. lifted its position in shares of Winmark by 2.2% in the 2nd quarter. Bahl & Gaynor Inc. now owns 6,515 shares of the specialty retailer’s stock worth $1,128,000 after purchasing an additional 141 shares during the period. Hedge funds and other institutional investors own 54.20% of the company’s stock.

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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