Winmark (NASDAQ:WINA) Research Coverage Started at Maxim Group

Maxim Group initiated coverage on shares of Winmark (NASDAQ:WINA - Free Report) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $445.00 target price on the specialty retailer's stock.

Winmark Stock Down 2.4 %

Shares of WINA stock traded down $8.59 on Thursday, reaching $347.11. The company had a trading volume of 11,606 shares, compared to its average volume of 25,424. The stock has a market capitalization of $1.21 billion, a PE ratio of 31.70 and a beta of 0.81. Winmark has a one year low of $314.09 and a one year high of $451.30. The business's 50-day moving average is $357.51 and its 200 day moving average is $374.98.

Winmark (NASDAQ:WINA - Get Free Report) last posted its earnings results on Wednesday, April 17th. The specialty retailer reported $2.41 EPS for the quarter. The firm 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Tuesday, May 14th. This is a positive change from Winmark's previous quarterly dividend of $0.80. Winmark's dividend payout ratio (DPR) is 32.88%.

Insider Activity at Winmark

In related news, CEO Brett D. Heffes sold 8,290 shares of the firm's stock in a transaction that occurred on 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 approximately $41,034,400. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Winmark news, 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 in the company, valued at approximately $20,014,647.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Brett D. Heffes sold 8,290 shares of the firm's stock in a transaction that occurred on Thursday, April 18th. The stock was 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 owns 110,000 shares of the company's stock, valued at approximately $41,034,400. The disclosure for this sale can be found here. 10.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. CWA Asset Management Group LLC acquired a new stake in shares of Winmark during the 3rd quarter worth approximately $3,031,000. Congress Asset Management Co. MA acquired a new stake in shares of Winmark during the 1st quarter worth approximately $2,085,000. Kestra Advisory Services LLC grew its position in shares of Winmark by 527.2% during the 3rd quarter. Kestra Advisory Services LLC now owns 6,128 shares of the specialty retailer's stock worth $2,287,000 after buying an additional 5,151 shares during the period. Mountain Pacific Investment Advisers Inc. ID grew its position in shares of Winmark by 23.0% during the 4th quarter. Mountain Pacific Investment Advisers Inc. ID now owns 25,685 shares of the specialty retailer's stock worth $10,725,000 after buying an additional 4,807 shares during the period. Finally, Triasima Portfolio Management inc. grew its position in shares of Winmark by 69.8% during the 4th quarter. Triasima Portfolio Management inc. now owns 8,963 shares of the specialty retailer's stock worth $3,742,000 after buying an additional 3,683 shares during the period. Institutional investors own 73.32% of the company's stock.

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.