Winmark (NASDAQ:WINA) Shares Gap Down to $361.42

Winmark Co. (NASDAQ:WINA - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $361.42, but opened at $349.32. Winmark shares last traded at $351.15, with a volume of 2,665 shares traded.

Analysts Set New Price Targets

Separately, Maxim Group assumed coverage on Winmark in a research report on Thursday, June 13th. They set a "buy" rating and a $445.00 price objective for the company.

Winmark Stock Down 2.1 %

The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 32.72 and a beta of 0.81. The stock has a fifty day moving average of $359.58 and a 200-day moving average of $369.52.

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

Winmark Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a $0.90 dividend. The ex-dividend date was Tuesday, May 14th. This is a boost from Winmark's previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a yield of 1.02%. Winmark's payout ratio is 32.88%.

Insider Activity at Winmark

In other news, CFO Anthony D. Ishaug sold 4,000 shares of the company's stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $386.51, for a total value of $1,546,040.00. Following the completion of the sale, the chief financial officer now directly owns 51,783 shares of the company's stock, valued at $20,014,647.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Brett D. Heffes sold 8,290 shares of the business'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 in the company, valued at $41,034,400. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Anthony D. Ishaug sold 4,000 shares of the business's stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $386.51, for a total transaction of $1,546,040.00. Following the transaction, the chief financial officer now owns 51,783 shares in the company, valued at $20,014,647.33. The disclosure for this sale can be found here. 10.60% of the stock is owned by corporate insiders.

Institutional Trading of Winmark

Institutional investors and hedge funds have recently modified their holdings of the business. CWA Asset Management Group LLC purchased a new position in shares of Winmark during the third quarter valued at approximately $3,031,000. Congress Asset Management Co. MA purchased a new position in Winmark during the first quarter worth approximately $2,085,000. Mountain Pacific Investment Advisers Inc. ID raised its stake in Winmark by 23.0% during the fourth quarter. Mountain Pacific Investment Advisers Inc. ID now owns 25,685 shares of the specialty retailer's stock worth $10,725,000 after purchasing an additional 4,807 shares during the period. Triasima Portfolio Management inc. raised its stake in Winmark by 69.8% during the fourth quarter. Triasima Portfolio Management inc. now owns 8,963 shares of the specialty retailer's stock worth $3,742,000 after purchasing an additional 3,683 shares during the period. Finally, Vanguard Group Inc. raised its stake in Winmark by 2.3% during the first quarter. Vanguard Group Inc. now owns 162,668 shares of the specialty retailer's stock worth $58,837,000 after purchasing an additional 3,594 shares during the period. 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.