Winmark (NASDAQ:WINA) Shares Gap Up – Time to Buy?

Shares of Winmark Co. (NASDAQ:WINA) gapped up prior to trading on Monday . The stock had previously closed at $403.27, but opened at $424.45. Winmark shares last traded at $430.00, with a volume of 2,197 shares traded.

Winmark Price Performance

The business’s 50 day simple moving average is $383.75 and its 200 day simple moving average is $371.24. The stock has a market cap of $1.48 billion, a P/E ratio of 38.41 and a beta of 0.80.

Winmark (NASDAQ:WINA) last released its earnings results on Wednesday, October 16th. The specialty retailer reported $3.03 EPS for the quarter, missing the consensus estimate of $3.16 by ($0.13). Winmark had a net margin of 49.02% and a negative return on equity of 85.43%. The firm had revenue of $21.51 million during the quarter.

Winmark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Wednesday, November 13th will be issued a dividend of $8.40 per share. This represents a $33.60 dividend on an annualized basis and a yield of 8.00%. This is an increase from Winmark’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend is Wednesday, November 13th. Winmark’s payout ratio is presently 32.94%.

Insider Transactions at Winmark

In other news, major shareholder Ronald G. Olson sold 3,659 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $424.21, for a total transaction of $1,552,184.39. Following the completion of the transaction, the insider now directly owns 146,335 shares in the company, valued at $62,076,770.35. This trade represents a 2.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Renae M. Gaudette sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $380.11, for a total value of $570,165.00. Following the sale, the chief operating officer now directly owns 15,060 shares of the company’s stock, valued at $5,724,456.60. This represents a 9.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,300 shares of company stock worth $4,158,071. 10.60% of the stock is owned by insiders.

Institutional Trading of Winmark

A number of large investors have recently bought and sold shares of WINA. AltraVue Capital LLC lifted its holdings in shares of Winmark by 95.2% during the 2nd quarter. AltraVue Capital LLC now owns 145,914 shares of the specialty retailer’s stock worth $51,454,000 after acquiring an additional 71,145 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Winmark in the 3rd quarter worth about $9,168,000. CWA Asset Management Group LLC bought a new stake in Winmark in the third quarter worth $5,102,000. William Blair Investment Management LLC grew its position in Winmark by 9.0% during the 2nd quarter. William Blair Investment Management LLC now owns 71,426 shares of the specialty retailer’s stock valued at $25,187,000 after purchasing an additional 5,892 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Winmark by 2.3% in the first quarter. Vanguard Group Inc. now owns 162,668 shares of the specialty retailer’s stock worth $58,837,000 after purchasing an additional 3,594 shares during the last quarter. 73.32% of the stock is owned by hedge funds and other institutional investors.

Winmark Company Profile

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.