Winmark (NASDAQ:WINA) Announces Earnings Results

Winmark (NASDAQ:WINA) released its earnings results on Wednesday. The specialty retailer reported $2.41 EPS for the quarter, reports. Winmark had a net margin of 48.36% and a negative return on equity of 84.36%. The firm had revenue of $20.11 million during the quarter.

Winmark Stock Up 4.8 %

Shares of NASDAQ WINA opened at $383.69 on Friday. The company’s fifty day moving average is $362.27 and its 200-day moving average is $390.31. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 35.04 and a beta of 0.85. Winmark has a twelve month low of $308.92 and a twelve month high of $451.30.

Winmark Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from Winmark’s previous quarterly dividend of $0.80. The ex-dividend date is Tuesday, May 14th. Winmark’s dividend payout ratio (DPR) is currently 29.22%.

Hedge Funds Weigh In On Winmark

A number of hedge funds and other institutional investors have recently made changes to their positions in WINA. MetLife Investment Management LLC boosted its position in shares of Winmark by 60.3% during the first quarter. MetLife Investment Management LLC now owns 1,827 shares of the specialty retailer’s stock worth $402,000 after purchasing an additional 687 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Winmark by 1.5% during the first quarter. Vanguard Group Inc. now owns 150,356 shares of the specialty retailer’s stock worth $33,079,000 after purchasing an additional 2,275 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Winmark during the first quarter worth $47,000. Charles Schwab Investment Management Inc. boosted its position in shares of Winmark by 2.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 22,796 shares of the specialty retailer’s stock worth $5,016,000 after purchasing an additional 601 shares in the last quarter. Finally, Penn Capital Management Company LLC bought a new position in shares of Winmark during the first quarter worth $541,000. 73.32% of the stock is 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.