Principal Financial Group Inc. Acquires 110 Shares of Winmark Co. (NASDAQ:WINA)

Principal Financial Group Inc. increased its holdings in shares of Winmark Co. (NASDAQ:WINA) by 7.6% during the second quarter, HoldingsChannel.com reports. The fund owned 1,558 shares of the specialty retailer’s stock after buying an additional 110 shares during the quarter. Principal Financial Group Inc.’s holdings in Winmark were worth $549,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TrueMark Investments LLC purchased a new position in shares of Winmark in the 2nd quarter worth about $374,000. Liontrust Investment Partners LLP raised its position in Winmark by 35.4% in the second quarter. Liontrust Investment Partners LLP now owns 11,043 shares of the specialty retailer’s stock worth $3,894,000 after acquiring an additional 2,888 shares during the period. Bank of New York Mellon Corp boosted its stake in Winmark by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 23,259 shares of the specialty retailer’s stock valued at $8,202,000 after acquiring an additional 947 shares during the last quarter. Unique Wealth Strategies LLC bought a new position in shares of Winmark during the 2nd quarter valued at approximately $36,000. Finally, Gladius Capital Management LP increased its stake in shares of Winmark by 116.8% during the 2nd quarter. Gladius Capital Management LP now owns 206 shares of the specialty retailer’s stock worth $73,000 after purchasing an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

Insiders Place Their Bets

In other news, Director Lawrence A. Barbetta sold 2,412 shares of Winmark stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $395.30, for a total value of $953,463.60. Following the completion of the transaction, the director now directly owns 4,522 shares in the company, valued at $1,787,546.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Winmark news, Director Lawrence A. Barbetta sold 124 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $403.34, for a total value of $50,014.16. Following the completion of the transaction, the director now directly owns 6,934 shares of the company’s stock, valued at approximately $2,796,759.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lawrence A. Barbetta sold 2,412 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $395.30, for a total transaction of $953,463.60. Following the completion of the transaction, the director now directly owns 4,522 shares in the company, valued at approximately $1,787,546.60. The disclosure for this sale can be found here. Insiders have sold a total of 3,119 shares of company stock worth $1,239,645 over the last 90 days. Corporate insiders own 10.60% of the company’s stock.

Winmark Stock Performance

Shares of WINA opened at $363.06 on Friday. Winmark Co. has a fifty-two week low of $330.25 and a fifty-two week high of $451.30. The business has a 50-day moving average of $372.39 and a 200 day moving average of $361.82. The firm has a market cap of $1.28 billion, a P/E ratio of 33.16 and a beta of 0.80.

Winmark (NASDAQ:WINA) last posted its earnings results on Wednesday, July 17th. The specialty retailer reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.77 by $0.08. The firm had revenue of $20.12 million during the quarter. Winmark had a net margin of 48.57% and a negative return on equity of 85.12%.

Winmark Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Wednesday, August 14th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $3.60 dividend on an annualized basis and a yield of 0.99%. Winmark’s payout ratio is 32.88%.

Analyst Upgrades and Downgrades

Separately, Maxim Group started coverage on Winmark in a research note on Thursday, June 13th. They issued a “buy” rating and a $445.00 price objective on the stock.

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.