Allspring Global Investments Holdings LLC Buys 2,350 Shares of Winmark Corporation $WINA

Allspring Global Investments Holdings LLC raised its stake in Winmark Corporation (NASDAQ:WINA) by 11.9% during the first quarter, Holdings Channel reports. The fund owned 22,086 shares of the specialty retailer’s stock after buying an additional 2,350 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Winmark were worth $9,565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in Winmark by 31.6% in the 1st quarter. Bank of New York Mellon Corp now owns 30,770 shares of the specialty retailer’s stock valued at $13,156,000 after acquiring an additional 7,384 shares during the period. Illinois Municipal Retirement Fund purchased a new stake in Winmark during the first quarter valued at about $645,000. Principal Financial Group Inc. bought a new position in Winmark during the first quarter worth about $6,144,000. Teachers Retirement System of The State of Kentucky bought a new position in Winmark during the first quarter worth about $277,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of Winmark in the first quarter worth about $313,000. 73.32% of the stock is owned by institutional investors.

Winmark Price Performance

Winmark stock opened at $351.97 on Thursday. The firm has a market capitalization of $1.26 billion, a P/E ratio of 31.94 and a beta of 0.52. Winmark Corporation has a one year low of $338.18 and a one year high of $527.37. The business has a fifty day moving average price of $388.53 and a 200-day moving average price of $413.91.

Winmark (NASDAQ:WINA) last released its quarterly earnings data 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). The company had revenue of $21.97 million for the quarter, compared to the consensus estimate of $21.67 million. Winmark had a net margin of 47.09% and a negative return on equity of 99.47%.

Winmark Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Wednesday, August 12th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, August 12th. Winmark’s dividend payout ratio (DPR) is 37.02%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Winmark in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus 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.