Winmark (NASDAQ:WINA) Sets New 52-Week Low – What’s Next?

Shares of Winmark Corporation (NASDAQ:WINA) reached a new 52-week low on Monday . The company traded as low as $303.66 and last traded at $305.82, with a volume of 12509 shares trading hands. The stock had previously closed at $308.47.

Wall Street Analyst Weigh In

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

Winmark Stock Up 0.4%

The stock has a fifty day moving average of $351.45 and a 200-day moving average of $386.92. The firm has a market capitalization of $1.11 billion, a P/E ratio of 28.11 and a beta of 0.54.

Winmark (NASDAQ:WINA) last released 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). 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Wednesday, August 12th. Winmark’s payout ratio is currently 37.02%.

Institutional Trading of Winmark

Several institutional investors have recently added to or reduced their stakes in the company. State of Wyoming raised its stake in Winmark by 144.8% in the 1st quarter. State of Wyoming now owns 71 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 42 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Winmark during the second quarter worth approximately $35,000. GAMMA Investing LLC increased its holdings in shares of Winmark by 141.5% during the second quarter. GAMMA Investing LLC now owns 99 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 58 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Winmark in the second quarter valued at approximately $46,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in Winmark during the 4th quarter worth $50,000. 73.32% of the stock is currently owned by institutional investors.

About Winmark

Winmark Corporation (NASDAQ: WINA) is a franchisor that develops and supports resale retail businesses in the United States and Canada. Its portfolio includes Plato’s Closet, which buys and sells gently used apparel and accessories for teens and young adults; Once Upon A Child, which focuses on children’s clothing, toys and equipment; Play It Again Sports, which specializes in new and used sporting goods; Style Encore, which sells secondhand women’s clothing and accessories; and Music Go Round, which offers new and used musical instruments and equipment.

Winmark’s primary business activities include granting franchises, collecting royalties and providing franchisees with operational support, marketing programs, training, technology and store-development resources.