Winmark (NASDAQ:WINA) Releases Earnings Results, Misses Expectations By $0.33 EPS

Winmark (NASDAQ:WINA) released its earnings results on Wednesday. The specialty retailer reported $2.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.33), Zacks reports. The business had revenue of $21.97 million for the quarter, compared to analysts’ expectations of $21.67 million. Winmark had a negative return on equity of 100.45% and a net margin of 48.19%.

Winmark Price Performance

NASDAQ:WINA opened at $376.76 on Thursday. The company’s 50-day moving average is $387.48 and its two-hundred day moving average is $415.08. Winmark has a 1-year low of $338.18 and a 1-year high of $527.37. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 33.94 and a beta of 0.52.

Winmark Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.1%. The ex-dividend date is Wednesday, August 12th. Winmark’s payout ratio is presently 36.76%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Winmark in a research report on Tuesday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Trading of Winmark

Several institutional investors have recently made changes to their positions in WINA. Tower Research Capital LLC TRC raised its holdings in Winmark by 19.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer’s stock valued at $80,000 after buying an additional 34 shares during the period. Mariner LLC lifted its position in Winmark by 3.9% in the third quarter. Mariner LLC now owns 933 shares of the specialty retailer’s stock valued at $464,000 after buying an additional 35 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Winmark by 1.0% during the third quarter. JPMorgan Chase & Co. now owns 4,229 shares of the specialty retailer’s stock worth $2,105,000 after buying an additional 43 shares during the period. Franklin Resources Inc. boosted its stake in Winmark by 2.3% during the third quarter. Franklin Resources Inc. now owns 2,025 shares of the specialty retailer’s stock worth $1,008,000 after buying an additional 45 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Winmark by 3.7% during the second quarter. The Manufacturers Life Insurance Company now owns 1,573 shares of the specialty retailer’s stock valued at $594,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 73.32% of the company’s stock.

About Winmark

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.