Winmark (NASDAQ:WINA) Sees Strong Trading Volume – Should You Buy?

Shares of Winmark Co. (NASDAQ:WINA) saw unusually-strong trading volume on Wednesday . Approximately 17,002 shares traded hands during trading, an increase of 14% from the previous session’s volume of 14,940 shares.The stock last traded at $386.39 and had previously closed at $385.96.

Winmark Trading Down 3.0 %

The firm has a market capitalization of $1.32 billion, a PE ratio of 34.25 and a beta of 0.83. The stock has a 50 day simple moving average of $402.28 and a 200 day simple moving average of $381.78.

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

Winmark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th were given a dividend of $8.40 per share. This is a positive change from Winmark’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $33.60 dividend on an annualized basis and a yield of 8.98%. Winmark’s dividend payout ratio is presently 32.94%.

Insider Transactions at Winmark

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

Institutional Investors Weigh In On Winmark

Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in Winmark by 36.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,722 shares of the specialty retailer’s stock worth $3,340,000 after purchasing an additional 2,333 shares in the last quarter. Geode Capital Management LLC raised its holdings in Winmark by 2.1% in the third quarter. Geode Capital Management LLC now owns 71,185 shares of the specialty retailer’s stock worth $27,264,000 after buying an additional 1,445 shares during the last quarter. Barclays PLC lifted its stake in shares of Winmark by 117.7% in the third quarter. Barclays PLC now owns 6,073 shares of the specialty retailer’s stock worth $2,325,000 after buying an additional 3,284 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Winmark during the third quarter valued at approximately $388,000. Finally, State Street Corp increased its position in shares of Winmark by 1.9% during the third quarter. State Street Corp now owns 81,185 shares of the specialty retailer’s stock valued at $31,088,000 after acquiring an additional 1,535 shares in the last quarter. Institutional investors 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.