Winmark (NASDAQ:WINA) Share Price Crosses Below 200-Day Moving Average of $366.22

Winmark Co. (NASDAQ:WINA) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analysts Set New Price Targets

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

Winmark Price Performance

The firm’s 50 day simple moving average is $356.48 and its 200-day simple moving average is $366.22. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 32.21 and a beta of 0.81.

Winmark (NASDAQ:WINA) last announced its earnings results on Wednesday, April 17th. The specialty retailer reported $2.41 earnings per share (EPS) 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 firm also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Wednesday, May 15th were given a $0.90 dividend. This is an increase from Winmark’s previous quarterly dividend of $0.80. The ex-dividend date was Tuesday, May 14th. This represents a $3.60 annualized dividend and a yield of 1.02%. Winmark’s dividend payout ratio is 32.88%.

Insider Buying and Selling

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

Institutional Trading of Winmark

Several hedge funds and other institutional investors have recently made changes to their positions in WINA. Deutsche Bank AG boosted its holdings in Winmark by 16.4% in the 3rd quarter. Deutsche Bank AG now owns 1,252 shares of the specialty retailer’s stock valued at $467,000 after purchasing an additional 176 shares in the last quarter. Trexquant Investment LP purchased a new stake in shares of Winmark in the third quarter valued at approximately $450,000. GSA Capital Partners LLP acquired a new position in Winmark during the third quarter worth $1,112,000. Vanguard Group Inc. raised its position in Winmark by 1.5% in the third quarter. Vanguard Group Inc. now owns 154,934 shares of the specialty retailer’s stock worth $57,811,000 after acquiring an additional 2,247 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Winmark by 71.3% in the third quarter. Public Employees Retirement System of Ohio now owns 6,898 shares of the specialty retailer’s stock valued at $2,574,000 after acquiring an additional 2,870 shares during the period. Hedge funds and other 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.