Winmark (NASDAQ:WINA) Stock Price Crosses Below Two Hundred Day Moving Average of $366.22

Shares of Winmark Co. (NASDAQ:WINA) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $366.22 and traded as low as $345.00. Winmark shares last traded at $352.67, with a volume of 9,773 shares.

Wall Street Analyst Weigh In

Separately, Maxim Group initiated coverage on Winmark in a research report on Thursday, June 13th. They issued a “buy” rating and a $445.00 target price on the stock.

Winmark Trading Up 2.2 %

The company has a market cap of $1.23 billion, a P/E ratio of 32.21 and a beta of 0.81. The company’s 50-day moving average price is $356.48 and its two-hundred day moving average price is $366.22.

Winmark (NASDAQ:WINA) last announced its quarterly earnings data on Wednesday, April 17th. The specialty retailer reported $2.41 earnings per share for the quarter. Winmark had a negative return on equity of 84.36% and a net margin of 48.36%. The firm had revenue of $20.11 million during the quarter.

Winmark Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a dividend of $0.90 per share. This is a positive change from Winmark’s previous quarterly dividend of $0.80. This represents a $3.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Tuesday, May 14th. Winmark’s dividend payout ratio is currently 32.88%.

Insiders Place Their Bets

In other Winmark news, CFO Anthony D. Ishaug sold 4,000 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $386.51, for a total transaction of $1,546,040.00. Following the sale, the chief financial officer now directly owns 51,783 shares of the company’s stock, valued at $20,014,647.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Anthony D. Ishaug sold 4,000 shares of Winmark stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $386.51, for a total value of $1,546,040.00. Following the completion of the transaction, the chief financial officer now directly owns 51,783 shares of the company’s stock, valued at approximately $20,014,647.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brett D. Heffes sold 8,290 shares of the stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $373.04, for a total transaction of $3,092,501.60. Following the sale, the chief executive officer now owns 110,000 shares in the company, valued at approximately $41,034,400. The disclosure for this sale can be found here. 10.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Winmark

Hedge funds have recently made changes to their positions in the stock. Comerica Bank grew its stake in Winmark by 673.1% during the 1st quarter. Comerica Bank now owns 201 shares of the specialty retailer’s stock worth $73,000 after buying an additional 175 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Winmark by 198.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,776 shares of the specialty retailer’s stock worth $642,000 after acquiring an additional 1,181 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Winmark by 14.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 816 shares of the specialty retailer’s stock worth $296,000 after acquiring an additional 103 shares during the period. BOKF NA bought a new stake in Winmark in the 1st quarter valued at about $270,000. Finally, Bessemer Group Inc. boosted its stake in Winmark by 7.9% during the 1st quarter. Bessemer Group Inc. now owns 48,215 shares of the specialty retailer’s stock valued at $17,439,000 after purchasing an additional 3,512 shares during the period. Institutional investors own 73.32% of the company’s stock.

About Winmark

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.