Winmark (NASDAQ:WINA) Shares Gap Up After Dividend Announcement

Shares of Winmark Co. (NASDAQ:WINA) gapped up before the market opened on Friday following a dividend announcement from the company. The stock had previously closed at $185.48, but opened at $191.07. Winmark shares last traded at $191.10, with a volume of 40 shares trading hands.

The newly announced dividend which will be paid on Tuesday, June 1st. Stockholders of record on Wednesday, May 12th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Tuesday, May 11th. This is a positive change from Winmark’s previous quarterly dividend of $0.25.

The company has a market cap of $729.32 million, a P/E ratio of 25.47 and a beta of 0.70. The firm’s 50 day moving average price is $184.76 and its 200-day moving average price is $180.41.

Winmark (NASDAQ:WINA) last issued its earnings results on Wednesday, February 24th. The specialty retailer reported $2.09 earnings per share (EPS) for the quarter. The company had revenue of $16.80 million for the quarter. Winmark had a net margin of 44.96% and a negative return on equity of 251.84%.

In other news, Director Paul C. Reyelts sold 2,900 shares of the firm’s stock in a transaction dated Friday, March 5th. The shares were sold at an average price of $180.00, for a total value of $522,000.00. 16.60% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in WINA. William Blair Investment Management LLC boosted its stake in Winmark by 512.0% during the 4th quarter. William Blair Investment Management LLC now owns 91,651 shares of the specialty retailer’s stock worth $17,029,000 after acquiring an additional 76,676 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in Winmark by 36,421.1% during the 4th quarter. Kestra Advisory Services LLC now owns 6,939 shares of the specialty retailer’s stock worth $1,285,000 after buying an additional 6,920 shares during the period. BlackRock Inc. raised its holdings in Winmark by 2.2% during the 4th quarter. BlackRock Inc. now owns 210,867 shares of the specialty retailer’s stock worth $39,177,000 after buying an additional 4,635 shares during the period. Bank of New York Mellon Corp raised its holdings in Winmark by 24.3% during the 4th quarter. Bank of New York Mellon Corp now owns 19,507 shares of the specialty retailer’s stock worth $3,624,000 after buying an additional 3,811 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Winmark by 24.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 19,332 shares of the specialty retailer’s stock worth $3,329,000 after buying an additional 3,792 shares during the period. 68.83% of the stock is currently owned by institutional investors and hedge funds.

Winmark Company Profile (NASDAQ:WINA)

Winmark Corporation operates as a franchisor of five retail store concepts that buy, sell, trade, and consign used merchandise primarily in the United States and Canada. The company operates through two segments, Franchising and Leasing. Its franchises retail stores operate under the Plato's Closet, Once Upon A Child, Play It Again Sports, Style Encore, and Music Go Round brand names.

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