Winmark Co. (NASDAQ:WINA) Sees Large Drop in Short Interest

Winmark Co. (NASDAQ:WINA) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 22,900 shares, a decline of 25.9% from the September 30th total of 30,900 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 7,000 shares, the days-to-cover ratio is presently 3.3 days.

In other Winmark news, VP Renae M. Gaudette sold 450 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $163.06, for a total transaction of $73,377.00. Following the sale, the vice president now owns 6,675 shares of the company’s stock, valued at approximately $1,088,425.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jenele C. Grassle sold 2,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $178.00, for a total transaction of $356,000.00. Following the sale, the director now directly owns 3,800 shares in the company, valued at approximately $676,400. The disclosure for this sale can be found here. Insiders have sold a total of 10,282 shares of company stock worth $1,832,640 in the last three months. Insiders own 31.30% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Zions Bancorporation N.A. bought a new position in shares of Winmark in the second quarter worth $30,000. Bank of Montreal Can bought a new position in shares of Winmark in the second quarter worth $35,000. Envestnet Asset Management Inc. bought a new position in shares of Winmark in the second quarter worth $211,000. Invesco Ltd. bought a new position in shares of Winmark in the second quarter worth $256,000. Finally, Royal Bank of Canada increased its holdings in shares of Winmark by 6.7% in the second quarter. Royal Bank of Canada now owns 2,200 shares of the specialty retailer’s stock worth $381,000 after purchasing an additional 139 shares during the period. 52.75% of the stock is currently owned by hedge funds and other institutional investors.

WINA has been the topic of a number of analyst reports. ValuEngine cut shares of Winmark from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. BidaskClub cut shares of Winmark from a “sell” rating to a “strong sell” rating in a report on Friday.

Winmark stock opened at $178.00 on Friday. The stock has a market cap of $683.42 million, a P/E ratio of 23.50 and a beta of 0.23. Winmark has a fifty-two week low of $144.36 and a fifty-two week high of $194.85. The firm’s fifty day moving average price is $179.15 and its 200-day moving average price is $173.35.

Winmark (NASDAQ:WINA) last released its quarterly earnings results on Wednesday, October 16th. The specialty retailer reported $2.24 earnings per share for the quarter. The firm had revenue of $19.68 million for the quarter. Winmark had a net margin of 43.24% and a negative return on equity of 289.84%.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 6th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $1.00 annualized dividend and a dividend yield of 0.56%.

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.

Featured Story: Why are gap-down stocks important?

Receive News & Ratings for Winmark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Winmark and related companies with MarketBeat.com's FREE daily email newsletter.