Winmark (NASDAQ:WINA) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Winmark (NASDAQ:WINA) released its quarterly earnings data on Wednesday. The specialty retailer reported $2.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.05), Zacks reports. Winmark had a net margin of 49.15% and a negative return on equity of 93.24%. The firm had revenue of $19.55 million during the quarter, compared to analyst estimates of $20.25 million.

Winmark Price Performance

Winmark stock opened at $352.03 on Friday. The business has a 50 day moving average of $388.76 and a 200-day moving average of $383.04. Winmark has a 1 year low of $330.25 and a 1 year high of $431.67. The company has a market capitalization of $1.24 billion, a P/E ratio of 32.33 and a beta of 0.82.

Winmark Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Wednesday, February 12th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Wednesday, February 12th. Winmark’s dividend payout ratio is currently 33.06%.

Insider Activity

In related news, major shareholder Ronald G. Olson sold 3,659 shares of the company’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 in the company, valued at $62,076,770.35. This represents a 2.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 10.60% of the stock is currently owned by insiders.

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.