SEB Asset Management AB Takes $1.14 Million Position in Winmark Corporation $WINA

SEB Asset Management AB bought a new stake in shares of Winmark Corporation (NASDAQ:WINA) during the first quarter, HoldingsChannel reports. The fund bought 2,674 shares of the specialty retailer’s stock, valued at approximately $1,143,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Winmark in the 4th quarter worth approximately $50,000. Global Retirement Partners LLC increased its stake in Winmark by 265.4% in the fourth quarter. Global Retirement Partners LLC now owns 190 shares of the specialty retailer’s stock valued at $77,000 after purchasing an additional 138 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Winmark by 19.0% during the second quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer’s stock worth $80,000 after buying an additional 34 shares during the period. Smartleaf Asset Management LLC lifted its position in Winmark by 48.5% during the second quarter. Smartleaf Asset Management LLC now owns 355 shares of the specialty retailer’s stock worth $133,000 after buying an additional 116 shares during the period. Finally, CWM LLC boosted its stake in Winmark by 24.3% in the 4th quarter. CWM LLC now owns 476 shares of the specialty retailer’s stock worth $193,000 after buying an additional 93 shares during the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.

Winmark Price Performance

Winmark stock opened at $335.67 on Friday. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 30.46 and a beta of 0.52. Winmark Corporation has a 12 month low of $334.52 and a 12 month high of $527.37. The stock’s 50-day moving average is $388.01 and its 200-day moving average is $413.44.

Winmark (NASDAQ:WINA) last issued its earnings results on Wednesday, July 15th. The specialty retailer reported $2.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.33). Winmark had a negative return on equity of 99.47% and a net margin of 47.09%.The firm had revenue of $21.97 million for the quarter, compared to analysts’ expectations of $21.67 million.

Winmark Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 12th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, August 12th. Winmark’s payout ratio is currently 37.02%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Winmark in a report on Tuesday, July 14th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Winmark currently has an average rating of “Hold”.

Winmark 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.