Winmark (NASDAQ:WINA) Downgraded to “Sell” at BidaskClub

BidaskClub downgraded shares of Winmark (NASDAQ:WINA) from a hold rating to a sell rating in a research report sent to investors on Wednesday, BidAskClub reports.

Separately, TheStreet cut shares of Winmark from a b rating to a c+ rating in a research note on Tuesday, April 7th.

Shares of Winmark stock opened at $158.98 on Wednesday. Winmark has a twelve month low of $115.00 and a twelve month high of $215.00. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.76. The company has a 50-day simple moving average of $163.84 and a two-hundred day simple moving average of $165.54. The stock has a market capitalization of $593.00 million, a price-to-earnings ratio of 21.21 and a beta of 0.83.

Winmark (NASDAQ:WINA) last issued its quarterly earnings data on Wednesday, July 15th. The specialty retailer reported $1.33 earnings per share for the quarter. Winmark had a net margin of 43.68% and a negative return on equity of 306.43%. The business had revenue of $12.39 million during the quarter.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a $0.25 dividend. The ex-dividend date is Tuesday, August 11th. This is a boost from Winmark’s previous quarterly dividend of $0.05. This represents a $1.00 annualized dividend and a dividend yield of 0.63%.

In other news, CEO Brett D. Heffes sold 6,767 shares of the business’s stock in a transaction that occurred on Thursday, July 16th. The shares were sold at an average price of $160.74, for a total value of $1,087,727.58. Following the completion of the transaction, the chief executive officer now directly owns 126,000 shares in the company, valued at approximately $20,253,240. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 16.60% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of WINA. Advisor Group Holdings Inc. acquired a new position in Winmark during the 1st quarter worth approximately $41,000. Great West Life Assurance Co. Can acquired a new position in Winmark during the 4th quarter worth approximately $42,000. Tower Research Capital LLC TRC increased its position in Winmark by 435.1% during the 1st quarter. Tower Research Capital LLC TRC now owns 503 shares of the specialty retailer’s stock worth $65,000 after purchasing an additional 409 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Winmark by 48.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 770 shares of the specialty retailer’s stock worth $98,000 after purchasing an additional 253 shares in the last quarter. Finally, Citigroup Inc. increased its position in Winmark by 64.3% during the 1st quarter. Citigroup Inc. now owns 838 shares of the specialty retailer’s stock worth $107,000 after purchasing an additional 328 shares in the last quarter. Institutional investors own 64.49% of the company’s stock.

About Winmark

Winmark Corporation operates as a franchisor of 5 retail store concepts that buy, sell, trade, and consign merchandise primarily in the United States and Canada. The company operates through two segments, Franchising and Leasing. Its franchises retail stores operate under the Plato's Closet, Once Upon A Child, Play It Again Sports, Music Go Round, and Style Encore brand names.

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