Vestcor Inc Lowers Holdings in Winmark Co. (NASDAQ:WINA)

Vestcor Inc trimmed its position in Winmark Co. (NASDAQ:WINA) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,284 shares of the specialty retailer’s stock after selling 628 shares during the period. Vestcor Inc’s holdings in Winmark were worth $8,759,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Winmark during the 4th quarter worth $12,071,000. Rockefeller Capital Management L.P. purchased a new stake in shares of Winmark during the 3rd quarter worth $9,168,000. Victory Capital Management Inc. boosted its position in shares of Winmark by 292.3% during the 4th quarter. Victory Capital Management Inc. now owns 17,020 shares of the specialty retailer’s stock worth $6,690,000 after purchasing an additional 12,682 shares in the last quarter. Congress Asset Management Co. boosted its position in shares of Winmark by 73.3% during the 4th quarter. Congress Asset Management Co. now owns 15,823 shares of the specialty retailer’s stock worth $6,220,000 after purchasing an additional 6,690 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Winmark by 117.7% during the 3rd quarter. Barclays PLC now owns 6,073 shares of the specialty retailer’s stock worth $2,325,000 after purchasing an additional 3,284 shares in the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

Winmark Stock Performance

Shares of NASDAQ WINA opened at $308.43 on Thursday. The firm has a market capitalization of $1.09 billion, a P/E ratio of 28.32 and a beta of 0.89. Winmark Co. has a one year low of $304.78 and a one year high of $431.67. The company’s fifty day moving average is $369.24 and its two-hundred day moving average is $379.76.

Winmark (NASDAQ:WINA) last released its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $2.60 EPS for the quarter, missing the consensus estimate of $2.65 by ($0.05). Winmark had a negative return on equity of 93.24% and a net margin of 49.15%. The business had revenue of $19.55 million during the quarter, compared to analysts’ expectations of $20.25 million.

Winmark Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Wednesday, February 12th were given a $0.90 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.60 annualized dividend and a dividend yield of 1.17%. Winmark’s dividend payout ratio is presently 33.06%.

Winmark Company Profile

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.