Winmark (NASDAQ:WINA) Shares Gap Down to $361.42

Winmark Co. (NASDAQ:WINA)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $361.42, but opened at $349.32. Winmark shares last traded at $351.15, with a volume of 2,665 shares.

Analysts Set New Price Targets

Separately, Maxim Group assumed coverage on shares of Winmark in a report on Thursday, June 13th. They set a “buy” rating and a $445.00 price objective for the company.

Winmark Trading Down 0.9 %

The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 33.01 and a beta of 0.81. The stock’s 50 day moving average price is $359.58 and its 200 day moving average price is $369.52.

Winmark (NASDAQ:WINA) last released its quarterly earnings data on Wednesday, April 17th. The specialty retailer reported $2.41 earnings per share for the quarter. Winmark had a net margin of 48.36% and a negative return on equity of 84.36%. The company had revenue of $20.11 million for the quarter.

Winmark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were issued a $0.90 dividend. This is a boost from Winmark’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Tuesday, May 14th. Winmark’s dividend payout ratio is currently 32.88%.

Insider Transactions at Winmark

In other news, CEO Brett D. Heffes sold 8,290 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $373.04, for a total value of $3,092,501.60. Following the completion of the sale, the chief executive officer now owns 110,000 shares of the company’s stock, valued at $41,034,400. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $386.51, for a total transaction of $1,546,040.00. Following the transaction, the chief financial officer now owns 51,783 shares in the company, valued at approximately $20,014,647.33. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brett D. Heffes sold 8,290 shares of the stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $373.04, for a total value of $3,092,501.60. Following the sale, the chief executive officer now directly owns 110,000 shares in the company, valued at $41,034,400. The disclosure for this sale can be found here. 10.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Winmark

A number of large investors have recently modified their holdings of WINA. Charles Schwab Investment Management Inc. increased its holdings in shares of Winmark by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 22,107 shares of the specialty retailer’s stock worth $8,249,000 after buying an additional 1,062 shares in the last quarter. Deutsche Bank AG raised its position in Winmark by 16.4% in the third quarter. Deutsche Bank AG now owns 1,252 shares of the specialty retailer’s stock valued at $467,000 after purchasing an additional 176 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Winmark by 15.3% during the third quarter. Rhumbline Advisers now owns 9,912 shares of the specialty retailer’s stock valued at $3,698,000 after purchasing an additional 1,317 shares in the last quarter. Dark Forest Capital Management LP grew its holdings in shares of Winmark by 26.1% during the third quarter. Dark Forest Capital Management LP now owns 1,426 shares of the specialty retailer’s stock worth $532,000 after purchasing an additional 295 shares during the last quarter. Finally, Algert Global LLC increased its stake in shares of Winmark by 0.7% in the third quarter. Algert Global LLC now owns 3,358 shares of the specialty retailer’s stock valued at $1,253,000 after buying an additional 24 shares during the period. Institutional investors and hedge funds own 73.32% 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.