Winmark (NASDAQ:WINA) Announces Quarterly Earnings Results

Winmark (NASDAQ:WINA) announced its earnings results on Wednesday. The specialty retailer reported $2.60 EPS for the quarter, missing the consensus estimate of $2.65 by ($0.05), Zacks reports. Winmark had a net margin of 49.02% and a negative return on equity of 85.43%.

Winmark Stock Performance

WINA stock opened at $367.69 on Thursday. The company has a market capitalization of $1.29 billion, a P/E ratio of 33.64 and a beta of 0.82. Winmark has a 52-week low of $330.25 and a 52-week high of $431.67. The business has a 50-day simple moving average of $389.93 and a two-hundred day simple moving average of $383.25.

Winmark Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Wednesday, February 12th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Wednesday, February 12th. Winmark’s dividend payout ratio is currently 32.94%.

Insiders Place Their Bets

In other news, major shareholder Ronald G. Olson sold 3,659 shares of Winmark stock in a transaction on Monday, November 25th. The stock was sold at an average price of $424.21, for a total value of $1,552,184.39. Following the completion of the transaction, the insider now directly owns 146,335 shares in the company, valued at approximately $62,076,770.35. The trade was a 2.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 10.60% of the company’s stock.

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.