Deutsche Bank AG Makes New Investment in Winmark Corporation $WINA

Deutsche Bank AG acquired a new position in Winmark Corporation (NASDAQ:WINA) in the 2nd quarter, Holdings Channel reports. The firm acquired 4,107 shares of the specialty retailer’s stock, valued at approximately $1,738,000.

A number of other hedge funds have also made changes to their positions in the business. Royal Bank of Canada lifted its stake in shares of Winmark by 7.7% during the first quarter. Royal Bank of Canada now owns 9,885 shares of the specialty retailer’s stock worth $3,143,000 after purchasing an additional 708 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Winmark by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,736 shares of the specialty retailer’s stock valued at $552,000 after buying an additional 77 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of Winmark by 36.8% in the first quarter. Dynamic Technology Lab Private Ltd now owns 766 shares of the specialty retailer’s stock valued at $243,000 after buying an additional 206 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Winmark by 28.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 21,279 shares of the specialty retailer’s stock valued at $6,764,000 after buying an additional 4,653 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Winmark by 6.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,252 shares of the specialty retailer’s stock worth $1,987,000 after acquiring an additional 386 shares in the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

Winmark Trading Up 0.6%

WINA stock opened at $337.25 on Friday. The firm has a 50 day simple moving average of $371.59 and a 200-day simple moving average of $396.64. The company has a market capitalization of $1.21 billion, a P/E ratio of 30.60 and a beta of 0.53. Winmark Corporation has a twelve month low of $325.06 and a twelve month high of $527.37.

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

Winmark Dividend Announcement

The company 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 $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, August 12th. Winmark’s payout ratio is currently 37.02%.

Analyst Upgrades and Downgrades

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

About Winmark

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.