Winmark (NASDAQ:WINA) Sets New 1-Year Low – What’s Next?

Winmark Corporation (NASDAQ:WINA)’s share price hit a new 52-week low during trading on Tuesday. The stock traded as low as $275.07 and last traded at $275.89, with a volume of 36,580 shares. The stock had previously closed at $283.16.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Winmark from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, September 18th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Winmark presently has a consensus rating of “Hold”.

Winmark Trading Down 3.2%

The company’s 50-day simple moving average is $298.23 and its 200 day simple moving average is $375.85. The stock has a market cap of $956.18 million, a P/E ratio of 23.96 and a beta of 0.56.

Winmark (NASDAQ:WINA) last released its earnings results on Wednesday, October 14th. The specialty retailer reported $3.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.02). The business had revenue of $27.89 million during the quarter, compared to the consensus estimate of $23.99 million. Winmark had a net margin of 45.13% and a negative return on equity of 94.74%.

Winmark Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Wednesday, November 11th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $4.08 annualized dividend and a dividend yield of 1.5%. Winmark’s dividend payout ratio (DPR) is currently 36.40%.

Institutional Investors Weigh In On Winmark

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in Winmark by 5.3% during the first quarter. Dimensional Fund Advisors LP now owns 74,379 shares of the specialty retailer’s stock worth $31,800,000 after buying an additional 3,771 shares during the last quarter. Bank of America Corp DE bought a new stake in Winmark in the second quarter worth about $6,524,000. Bank of New York Mellon Corp purchased a new position in Winmark in the second quarter valued at about $13,319,000. Port Capital LLC purchased a new position in Winmark in the second quarter valued at about $36,709,000. Finally, Principal Financial Group Inc. purchased a new position in Winmark in the first quarter valued at about $6,144,000. 73.32% of the stock is currently owned by institutional investors.

About Winmark

Winmark Corporation is a franchisor that develops and supports resale and specialty retail businesses in the United States and Canada. Its franchise concepts focus on buying and selling gently used merchandise, offering consumers value-oriented alternatives to traditional retail while providing franchisees with established brand systems and operational support.

The company’s retail brands include Plato’s Closet, which specializes in fashion and accessories for teens and young adults; Once Upon A Child, which sells children’s clothing, toys and equipment; Play It Again Sports, which focuses on new and used sporting goods; Style Encore, which offers women’s resale fashion; and Music Go Round, which specializes in used and new musical instruments and equipment.