Winmark (NASDAQ:WINA) Shares Gap Up – What’s Next?

Winmark Co. (NASDAQ:WINA) shares gapped up before the market opened on Monday . The stock had previously closed at $403.27, but opened at $424.45. Winmark shares last traded at $430.00, with a volume of 2,197 shares changing hands.

Winmark Price Performance

The firm has a market cap of $1.50 billion, a PE ratio of 36.90 and a beta of 0.80. The business’s fifty day moving average is $382.53 and its 200-day moving average is $370.92.

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

Winmark Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Wednesday, November 13th will be given a dividend of $8.40 per share. This represents a $33.60 dividend on an annualized basis and a yield of 7.90%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from Winmark’s previous quarterly dividend of $0.90. Winmark’s dividend payout ratio (DPR) is currently 32.94%.

Insider Transactions at Winmark

In related news, COO Renae M. Gaudette sold 1,500 shares of the stock in a transaction 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 sale, the chief operating officer now owns 15,060 shares in the company, valued at approximately $5,724,456.60. This trade represents a 9.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Anthony D. Ishaug sold 2,400 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $382.59, for a total value of $918,216.00. Following the transaction, the chief financial officer now owns 53,875 shares of the company’s stock, valued at approximately $20,612,036.25. The trade was a 4.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 10.60% of the company’s stock.

Institutional Trading of Winmark

A number of large investors have recently modified their holdings of WINA. CWM LLC raised its stake in Winmark by 197.1% in the second quarter. CWM LLC now owns 101 shares of the specialty retailer’s stock valued at $36,000 after purchasing an additional 67 shares in the last quarter. Unique Wealth Strategies LLC bought a new stake in shares of Winmark during the 2nd quarter worth $36,000. Gladius Capital Management LP grew its position in Winmark by 116.8% in the second quarter. Gladius Capital Management LP now owns 206 shares of the specialty retailer’s stock worth $73,000 after acquiring an additional 111 shares in the last quarter. Comerica Bank increased its stake in Winmark by 673.1% in the first quarter. Comerica Bank now owns 201 shares of the specialty retailer’s stock valued at $73,000 after acquiring an additional 175 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in Winmark during the third quarter worth about $77,000. Institutional investors own 73.32% of the company’s 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.