Winmark Corp. (WINA) Announces Quarterly Earnings Results
Winmark Corp. (NASDAQ:WINA) released its quarterly earnings results on Wednesday. The company reported $1.41 EPS for the quarter. The company earned $16.70 million during the quarter, compared to analyst estimates of $16 million. Winmark Corp. had a negative return on equity of 72.34% and a net margin of 32.02%.
Shares of Winmark Corp. (NASDAQ:WINA) traded down 1.65% during mid-day trading on Wednesday, reaching $104.60. 1,814 shares of the company’s stock traded hands. The company’s 50-day moving average price is $105.14 and its 200-day moving average price is $99.89. The stock has a market capitalization of $429.80 million, a PE ratio of 21.59 and a beta of 0.67. Winmark Corp. has a 12-month low of $82.69 and a 12-month high of $109.49.
In related news, insider Steven C. Zola sold 6,649 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $99.97, for a total transaction of $664,700.53. Following the completion of the transaction, the insider now owns 2,553 shares in the company, valued at approximately $255,223.41. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Ronald G. Olson sold 7,000 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $99.88, for a total transaction of $699,160.00. Following the transaction, the insider now owns 553,859 shares of the company’s stock, valued at approximately $55,319,436.92. The disclosure for this sale can be found here. 38.40% of the stock is currently owned by company insiders.
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About Winmark Corp.
Winmark Corporation is a franchisor of five retail store concepts that buy, sell and trade used merchandise. The Company operates in two business segments: franchising and leasing. The franchising segment franchises retail store concepts that buy, sell, trade and consign merchandise. The leasing segment includes Winmark Capital Corporation, which is the Company’s middle-market equipment leasing business, and Wirth Business Credit, Inc, its small-ticket financing business.
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