Raymond James Financial Inc. Buys Shares of 30,709 Winmark Co. (NASDAQ:WINA)

Raymond James Financial Inc. acquired a new position in Winmark Co. (NASDAQ:WINA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 30,709 shares of the specialty retailer's stock, valued at approximately $12,071,000. Raymond James Financial Inc. owned approximately 0.87% of Winmark as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Seizert Capital Partners LLC bought a new position in Winmark in the fourth quarter worth approximately $253,000. Victory Capital Management Inc. grew its stake in Winmark by 292.3% in the fourth quarter. Victory Capital Management Inc. now owns 17,020 shares of the specialty retailer's stock worth $6,690,000 after purchasing an additional 12,682 shares in the last quarter. Keybank National Association OH bought a new position in Winmark in the fourth quarter worth approximately $279,000. Charles Schwab Investment Management Inc. grew its stake in Winmark by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 24,246 shares of the specialty retailer's stock worth $9,530,000 after purchasing an additional 179 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake 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 purchasing an additional 141 shares in the last quarter. Institutional investors own 73.32% of the company's stock.

Winmark Stock Down 0.9 %

NASDAQ:WINA traded down $2.90 during midday trading on Friday, hitting $319.52. The stock had a trading volume of 31,076 shares, compared to its average volume of 24,420. Winmark Co. has a one year low of $300.83 and a one year high of $431.67. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 29.34 and a beta of 0.89. The stock has a 50-day moving average of $358.03 and a 200 day moving average of $377.11.

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Winmark (NASDAQ:WINA - Get Free Report) last announced its earnings results on Wednesday, February 19th. The specialty retailer reported $2.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.05). The company had revenue of $19.55 million for the quarter, compared to the consensus estimate of $20.25 million. Winmark had a net margin of 49.15% and a negative return on equity of 93.24%.

Winmark Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Wednesday, February 12th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.60 annualized dividend and a yield of 1.13%. Winmark's dividend payout ratio (DPR) is presently 33.06%.

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.