JPMorgan Chase & Co. Purchases 2,025 Shares of Winmark Co. (NASDAQ:WINA)

JPMorgan Chase & Co. boosted its stake in Winmark Co. (NASDAQ:WINA - Free Report) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,747 shares of the specialty retailer's stock after acquiring an additional 2,025 shares during the period. JPMorgan Chase & Co. owned 0.31% of Winmark worth $4,224,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its holdings in Winmark by 145.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 238 shares of the specialty retailer's stock worth $93,000 after acquiring an additional 141 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Winmark in the 4th quarter worth about $236,000. Avantax Advisory Services Inc. grew its position in Winmark by 6.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 641 shares of the specialty retailer's stock valued at $252,000 after purchasing an additional 41 shares during the last quarter. Seizert Capital Partners LLC bought a new stake in Winmark during the 4th quarter valued at about $253,000. Finally, Keybank National Association OH purchased a new position in Winmark in the fourth quarter worth about $279,000. 73.32% of the stock is owned by hedge funds and other institutional investors.

Winmark Stock Performance

Shares of NASDAQ:WINA traded up $2.42 during trading on Wednesday, reaching $354.62. 11,423 shares of the stock traded hands, compared to its average volume of 23,935. Winmark Co. has a 52-week low of $295.79 and a 52-week high of $431.67. The stock has a market cap of $1.26 billion, a P/E ratio of 32.77 and a beta of 0.64. The stock has a 50-day moving average of $330.41 and a two-hundred day moving average of $370.84.

Winmark (NASDAQ:WINA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The specialty retailer reported $2.71 earnings per share for the quarter, missing the consensus estimate of $2.74 by ($0.03). Winmark had a negative return on equity of 93.24% and a net margin of 49.15%. The business had revenue of $21.92 million during the quarter, compared to analysts' expectations of $20.91 million. During the same quarter in the prior year, the firm earned $2.41 EPS.

Winmark Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Wednesday, May 14th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Wednesday, May 14th. This is an increase from Winmark's previous quarterly dividend of $0.90. Winmark's payout ratio is 34.32%.

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.