Winmark Corporation $WINA Shares Sold by Laurus Global Equity Management Inc.

Laurus Global Equity Management Inc. trimmed its stake in Winmark Corporation (NASDAQ:WINA) by 33.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,600 shares of the specialty retailer’s stock after selling 1,280 shares during the period. Winmark makes up approximately 0.9% of Laurus Global Equity Management Inc.’s holdings, making the stock its 25th biggest position. Laurus Global Equity Management Inc.’s holdings in Winmark were worth $1,053,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Tower Research Capital LLC TRC grew its holdings in shares of Winmark by 19.0% during the second quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer’s stock valued at $80,000 after buying an additional 34 shares in the last quarter. Mariner LLC grew its holdings in shares of Winmark by 3.9% during the third quarter. Mariner LLC now owns 933 shares of the specialty retailer’s stock valued at $464,000 after buying an additional 35 shares in the last quarter. Anchor Capital Advisors LLC grew its holdings in shares of Winmark by 1.3% during the third quarter. Anchor Capital Advisors LLC now owns 3,402 shares of the specialty retailer’s stock valued at $1,693,000 after buying an additional 43 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Winmark by 1.0% during the third quarter. JPMorgan Chase & Co. now owns 4,229 shares of the specialty retailer’s stock valued at $2,105,000 after buying an additional 43 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Winmark by 2.3% during the third quarter. Franklin Resources Inc. now owns 2,025 shares of the specialty retailer’s stock valued at $1,008,000 after buying an additional 45 shares in the last quarter. 73.32% of the stock is currently owned by institutional investors and hedge funds.

Winmark Stock Down 0.8%

Shares of Winmark stock traded down $3.37 on Thursday, hitting $408.29. 3,952 shares of the company traded hands, compared to its average volume of 89,532. The company has a 50-day moving average price of $434.25 and a 200 day moving average price of $430.47. Winmark Corporation has a 12-month low of $352.18 and a 12-month high of $527.37. The company has a market cap of $1.46 billion, a PE ratio of 36.78 and a beta of 0.69.

Winmark (NASDAQ:WINA) last posted its quarterly earnings results on Wednesday, April 15th. The specialty retailer reported $2.50 EPS for the quarter, missing the consensus estimate of $2.70 by ($0.20). Winmark had a net margin of 48.19% and a negative return on equity of 100.45%. The company had revenue of $20.85 million for the quarter, compared to analysts’ expectations of $21.09 million.

Winmark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.0%. This is an increase from Winmark’s previous quarterly dividend of $0.96. The ex-dividend date is Wednesday, May 13th. Winmark’s dividend payout ratio is presently 34.59%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Winmark from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 30th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Winmark currently has a consensus rating of “Hold”.

Winmark Company Profile

Winmark Corporation (NASDAQ: WINA) is a franchisor of retail resale stores, specializing in the resale of apparel, sporting goods, children’s and maternity clothing, toys, and entertainment media. Through its portfolio of well-known brands—such as Plato’s Closet, Once Upon a Child, Play It Again Sports, and Style Encore—Winmark provides aspiring entrepreneurs the opportunity to own and operate neighborhood resale businesses. The company supports its franchisees with site selection, store design, training programs, and ongoing marketing assistance, emphasizing a turnkey approach to retail entrepreneurship.

Each of Winmark’s franchised brands targets a distinct consumer segment.