Winmark (NASDAQ:WINA) Sees Large Volume Increase - Here's Why

Shares of Winmark Co. (NASDAQ:WINA - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 38,066 shares changed hands during trading, an increase of 59% from the previous session's volume of 23,952 shares.The stock last traded at $358.06 and had previously closed at $343.96.

Winmark Stock Up 1.2 %

The company has a market capitalization of $1.26 billion, a P/E ratio of 32.78 and a beta of 0.64. The business has a fifty day moving average price of $330.99 and a 200 day moving average price of $370.97.

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

Winmark Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of WINA. Raymond James Financial Inc. acquired a new position in Winmark during the fourth quarter worth $12,071,000. William Blair Investment Management LLC grew its stake in Winmark by 17.7% in the 4th quarter. William Blair Investment Management LLC now owns 84,803 shares of the specialty retailer's stock valued at $33,334,000 after buying an additional 12,755 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Winmark by 292.3% in the 4th quarter. Victory Capital Management Inc. now owns 17,020 shares of the specialty retailer's stock valued at $6,690,000 after acquiring an additional 12,682 shares during the period. Congress Asset Management Co. boosted its holdings in shares of Winmark by 73.3% during the fourth quarter. Congress Asset Management Co. now owns 15,823 shares of the specialty retailer's stock worth $6,220,000 after acquiring an additional 6,690 shares during the period. Finally, Neuberger Berman Group LLC increased its stake in shares of Winmark by 2.0% during the fourth quarter. Neuberger Berman Group LLC now owns 333,273 shares of the specialty retailer's stock worth $131,000,000 after purchasing an additional 6,521 shares during the period. 73.32% of the stock is currently owned by institutional investors.

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.

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