Winmark (NASDAQ:WINA) Sees Large Volume Increase – Should You Buy?

Winmark Co. (NASDAQ:WINA) saw strong trading volume on Wednesday . 17,002 shares changed hands during mid-day 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 Stock Down 0.5 %

The stock’s 50 day moving average price is $401.98 and its two-hundred day moving average price is $381.72. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 35.14 and a beta of 0.83.

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

Winmark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th were issued a $8.40 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This is an increase from Winmark’s previous quarterly dividend of $0.90. This represents a $33.60 dividend on an annualized basis and a yield of 8.75%. Winmark’s payout ratio is presently 32.94%.

Insider Transactions at Winmark

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

Institutional Investors Weigh In On Winmark

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of Winmark by 36.5% in the third quarter. JPMorgan Chase & Co. now owns 8,722 shares of the specialty retailer’s stock valued at $3,340,000 after purchasing an additional 2,333 shares during the period. Geode Capital Management LLC boosted its holdings in Winmark by 2.1% in the 3rd 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 increased its stake in Winmark by 117.7% during the 3rd 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 acquired a new position in shares of Winmark during the third quarter valued at approximately $388,000. Finally, State Street Corp lifted its position in shares of Winmark by 1.9% in 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. Hedge funds and other 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.