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

Winmark Co. (NASDAQ:WINA)’s share 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 began coverage on Winmark in a report on Thursday, June 13th. They set a “buy” rating and a $445.00 price target on the stock.

Winmark Stock Down 1.4 %

The company has a fifty day simple moving average of $358.95 and a 200-day simple moving average of $369.26. The firm has a market cap of $1.22 billion, a P/E ratio of 31.85 and a beta of 0.81.

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

Winmark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were issued a dividend of $0.90 per share. The ex-dividend date was Tuesday, May 14th. This is a boost from Winmark’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 1.03%. Winmark’s dividend payout ratio (DPR) is currently 32.88%.

Insider Activity at Winmark

In other news, CEO Brett D. Heffes sold 8,290 shares of Winmark stock in a transaction that occurred on 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 sale, the chief executive officer now owns 110,000 shares in the company, valued at $41,034,400. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of Winmark stock in a transaction on Monday, April 22nd. The shares were 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 directly owns 51,783 shares of the company’s stock, valued at approximately $20,014,647.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brett D. Heffes sold 8,290 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $373.04, for a total transaction of $3,092,501.60. Following the completion of the sale, the chief executive officer now 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

Several large investors have recently added to or reduced their stakes in WINA. BNP Paribas Financial Markets raised its holdings in Winmark by 182.8% during the 4th quarter. BNP Paribas Financial Markets now owns 4,590 shares of the specialty retailer’s stock valued at $1,917,000 after buying an additional 2,967 shares during the period. Congress Asset Management Co. MA bought a new stake in shares of Winmark in the 1st quarter worth about $2,085,000. Mountain Pacific Investment Advisers Inc. ID boosted its stake in shares of Winmark by 23.0% during the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 25,685 shares of the specialty retailer’s stock worth $10,725,000 after purchasing an additional 4,807 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Winmark by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 22,107 shares of the specialty retailer’s stock worth $8,249,000 after purchasing an additional 1,062 shares during the last quarter. Finally, Anchor Capital Advisors LLC grew its stake in shares of Winmark by 14.4% during the fourth quarter. Anchor Capital Advisors LLC now owns 3,101 shares of the specialty retailer’s stock valued at $1,295,000 after buying an additional 391 shares during the last quarter. 73.32% of the stock is owned by institutional investors.

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.