Fisher Asset Management LLC Buys 27,275 Shares of Winmark Corporation $WINA

Fisher Asset Management LLC boosted its stake in shares of Winmark Corporation (NASDAQ:WINA) by 33.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,427 shares of the specialty retailer’s stock after purchasing an additional 27,275 shares during the quarter. Fisher Asset Management LLC’s holdings in Winmark were worth $54,469,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its stake in shares of Winmark by 775.0% in the third quarter. Geneos Wealth Management Inc. now owns 70 shares of the specialty retailer’s stock worth $35,000 after buying an additional 62 shares during the last quarter. Cornerstone Planning Group LLC acquired a new position in Winmark during the 3rd quarter worth $36,000. Elevation Point Wealth Partners LLC bought a new stake in Winmark during the second quarter valued at about $43,000. CWM LLC grew its position in shares of Winmark by 358.8% in the second quarter. CWM LLC now owns 156 shares of the specialty retailer’s stock valued at $59,000 after purchasing an additional 122 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Winmark by 19.0% in the second quarter. Tower Research Capital LLC TRC now owns 213 shares of the specialty retailer’s stock valued at $80,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 73.32% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Winmark from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Winmark Stock Performance

NASDAQ:WINA opened at $480.67 on Wednesday. The firm’s 50-day moving average is $440.28 and its 200-day moving average is $444.18. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 42.50 and a beta of 0.68. Winmark Corporation has a 52-week low of $295.79 and a 52-week high of $527.37.

Winmark (NASDAQ:WINA) last issued its quarterly earnings results on Wednesday, February 18th. The specialty retailer reported $2.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.09). The firm had revenue of $21.09 million for the quarter, compared to the consensus estimate of $21.09 million. Winmark had a net margin of 48.40% and a negative return on equity of 102.34%.

Winmark Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 11th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Wednesday, February 11th. Winmark’s dividend payout ratio is presently 33.95%.

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.