State of Alaska Department of Revenue Purchases 1,286 Shares of Winmark Corporation $WINA

State of Alaska Department of Revenue raised its holdings in shares of Winmark Corporation (NASDAQ:WINA) by 669.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,478 shares of the specialty retailer’s stock after buying an additional 1,286 shares during the period. State of Alaska Department of Revenue’s holdings in Winmark were worth $597,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of WINA. Vest Financial LLC raised its holdings in shares of Winmark by 137.2% in the third quarter. Vest Financial LLC now owns 6,097 shares of the specialty retailer’s stock worth $3,035,000 after buying an additional 3,527 shares during the period. Kingsview Wealth Management LLC purchased a new position in Winmark during the 3rd quarter valued at $4,754,000. Allspring Global Investments Holdings LLC grew its position in Winmark by 31.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 19,736 shares of the specialty retailer’s stock valued at $7,926,000 after acquiring an additional 4,735 shares during the last quarter. William Blair Investment Management LLC grew its position in Winmark by 16.1% in the 3rd quarter. William Blair Investment Management LLC now owns 70,635 shares of the specialty retailer’s stock valued at $35,160,000 after acquiring an additional 9,800 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in Winmark by 33.2% in the third quarter. Fisher Asset Management LLC now owns 109,427 shares of the specialty retailer’s stock worth $54,469,000 after purchasing an additional 27,275 shares during the period. Institutional investors own 73.32% of the company’s stock.

Winmark Price Performance

Shares of WINA stock opened at $400.30 on Friday. The company has a market capitalization of $1.43 billion, a P/E ratio of 36.06 and a beta of 0.69. The company’s 50-day simple moving average is $433.47 and its two-hundred day simple moving average is $430.26. Winmark Corporation has a one year low of $352.18 and a one year high of $527.37.

Winmark (NASDAQ:WINA) last posted its quarterly earnings results on Wednesday, April 22nd. The specialty retailer reported $2.50 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.20). The company had revenue of $20.85 million for the quarter, compared to the consensus estimate of $21.09 million. Winmark had a net margin of 48.19% and a negative return on equity of 100.45%.

Winmark Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Wednesday, May 13th will be given a dividend of $1.02 per share. This is a boost from Winmark’s previous quarterly dividend of $0.96. The ex-dividend date of this dividend is Wednesday, May 13th. This represents a $4.08 dividend on an annualized basis and a yield of 1.0%. Winmark’s dividend payout ratio is presently 34.59%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Winmark from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Winmark presently has a consensus rating of “Hold”.

Winmark Company Profile

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.