Winmark (NASDAQ:WINA) Share Price Passes Below 200-Day Moving Average of $375.12

Winmark Co. (NASDAQ:WINA - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $375.12 and traded as low as $346.78. Winmark shares last traded at $355.70, with a volume of 32,625 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Maxim Group initiated coverage on shares of Winmark in a research report on Thursday. They set a "buy" rating and a $445.00 target price on the stock.

Winmark Stock Performance

The firm has a market capitalization of $1.21 billion, a P/E ratio of 31.70 and a beta of 0.81. The firm's 50-day moving average is $357.51 and its 200 day moving average is $374.98.

Winmark (NASDAQ:WINA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 17th. The specialty retailer reported $2.41 EPS for the quarter. Winmark had a net margin of 48.36% and a negative return on equity of 84.36%. The business had revenue of $20.11 million for the quarter.

Winmark Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were given a $0.90 dividend. This is a boost from Winmark's previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a yield of 1.04%. The ex-dividend date was Tuesday, May 14th. Winmark's dividend payout ratio is 32.88%.

Insider Transactions at Winmark

In related news, CEO Brett D. Heffes sold 8,290 shares of the firm's stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $373.04, for a total transaction of $3,092,501.60. Following the transaction, the chief executive officer now directly owns 110,000 shares of the company's stock, valued at $41,034,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Brett D. Heffes sold 8,290 shares of Winmark stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $373.04, for a total value of $3,092,501.60. Following the completion of the transaction, the chief executive officer now owns 110,000 shares in the company, valued at $41,034,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Anthony D. Ishaug sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $386.51, for a total transaction of $1,546,040.00. Following the completion of the transaction, the chief financial officer now owns 51,783 shares of the company's stock, valued at $20,014,647.33. The disclosure for this sale can be found here. 10.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Winmark

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ables Iannone Moore & Associates Inc. purchased a new position in Winmark during the fourth quarter valued at $29,000. AJOVista LLC purchased a new position in Winmark during the 4th quarter valued at about $43,000. Comerica Bank boosted its stake in Winmark by 673.1% during the first quarter. Comerica Bank now owns 201 shares of the specialty retailer's stock worth $73,000 after acquiring an additional 175 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Winmark in the fourth quarter worth about $141,000. Finally, Capstone Investment Advisors LLC purchased a new stake in Winmark in the first quarter worth about $247,000. Hedge funds and other 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.