Winmark (NASDAQ:WINA) Research Coverage Started at Maxim Group

Maxim Group assumed coverage on shares of Winmark (NASDAQ:WINA) in a report published on Thursday, Marketbeat reports. The firm issued a buy rating and a $445.00 price objective on the specialty retailer’s stock.

Winmark Stock Performance

Winmark stock opened at $347.56 on Thursday. The business’s 50-day simple moving average is $357.89 and its 200-day simple moving average is $373.76. Winmark has a 52 week low of $314.09 and a 52 week high of $451.30. The firm has a market capitalization of $1.22 billion, a PE ratio of 31.74 and a beta of 0.81.

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

Winmark Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th were issued a dividend of $0.90 per share. This is an increase from Winmark’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $3.60 annualized dividend and a dividend yield of 1.04%. Winmark’s payout ratio is presently 32.88%.

Insider Activity at Winmark

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Algert Global LLC lifted its holdings in shares of Winmark by 0.7% during the third quarter. Algert Global LLC now owns 3,358 shares of the specialty retailer’s stock valued at $1,253,000 after acquiring an additional 24 shares during the period. Principal Financial Group Inc. lifted its holdings in Winmark by 9.8% during the 4th quarter. Principal Financial Group Inc. now owns 774 shares of the specialty retailer’s stock valued at $323,000 after purchasing an additional 69 shares during the last quarter. Ables Iannone Moore & Associates Inc. acquired a new position in Winmark in the fourth quarter valued at about $29,000. Brandywine Global Investment Management LLC grew its stake in Winmark by 1.7% during the third quarter. Brandywine Global Investment Management LLC now owns 6,100 shares of the specialty retailer’s stock worth $2,276,000 after buying an additional 100 shares during the last quarter. Finally, Swiss National Bank grew its stake in Winmark by 1.6% during the third quarter. Swiss National Bank now owns 6,500 shares of the specialty retailer’s stock worth $2,425,000 after buying an additional 100 shares during 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.