Principal Financial Group Inc. Purchases New Holdings in Winmark Corporation $WINA

Principal Financial Group Inc. acquired a new stake in shares of Winmark Corporation (NASDAQ:WINA) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,371 shares of the specialty retailer’s stock, valued at approximately $6,144,000.

Other hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Winmark during the fourth quarter worth approximately $50,000. Global Retirement Partners LLC grew its position in Winmark by 265.4% in the 4th quarter. Global Retirement Partners LLC now owns 190 shares of the specialty retailer’s stock valued at $77,000 after buying an additional 138 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Winmark by 19.0% in the 2nd 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 during the last quarter. Smartleaf Asset Management LLC increased its stake in Winmark by 48.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 355 shares of the specialty retailer’s stock valued at $133,000 after buying an additional 116 shares during the period. Finally, CWM LLC increased its stake in Winmark by 24.3% in the 4th quarter. CWM LLC now owns 476 shares of the specialty retailer’s stock valued at $193,000 after buying an additional 93 shares during the period. 73.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Winmark in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Winmark Trading Up 2.8%

Shares of WINA opened at $341.91 on Tuesday. Winmark Corporation has a twelve month low of $330.63 and a twelve month high of $527.37. The stock’s 50 day moving average is $387.41 and its two-hundred day moving average is $412.13. The firm has a market capitalization of $1.23 billion, a PE ratio of 31.03 and a beta of 0.52.

Winmark (NASDAQ:WINA) last issued its earnings results on Wednesday, July 15th. The specialty retailer reported $2.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.33). The business had revenue of $21.97 million for the quarter, compared to analysts’ expectations of $21.67 million. Winmark had a negative return on equity of 99.47% and a net margin of 47.09%.

Winmark Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Wednesday, August 12th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 12th. Winmark’s dividend payout ratio is currently 37.02%.

Winmark 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.