US Bancorp DE Cuts Stock Position in Winmark Co. (NASDAQ:WINA)

US Bancorp DE cut its holdings in shares of Winmark Co. (NASDAQ:WINA) by 42.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,352 shares of the specialty retailer’s stock after selling 1,000 shares during the quarter. US Bancorp DE’s holdings in Winmark were worth $531,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp increased its holdings in Winmark by 1.9% during the third quarter. State Street Corp now owns 81,185 shares of the specialty retailer’s stock worth $31,088,000 after buying an additional 1,535 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Winmark by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 71,185 shares of the specialty retailer’s stock valued at $27,264,000 after acquiring an additional 1,445 shares during the period. Copeland Capital Management LLC grew its position in shares of Winmark by 2.5% during the 4th quarter. Copeland Capital Management LLC now owns 65,224 shares of the specialty retailer’s stock valued at $25,638,000 after acquiring an additional 1,594 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Winmark by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 24,067 shares of the specialty retailer’s stock worth $9,216,000 after purchasing an additional 555 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Winmark in the 3rd quarter worth approximately $9,168,000. 73.32% of the stock is currently owned by institutional investors.

Winmark Trading Down 0.6 %

Shares of NASDAQ WINA opened at $310.66 on Wednesday. The stock has a fifty day simple moving average of $369.24 and a two-hundred day simple moving average of $379.76. Winmark Co. has a 1-year low of $304.78 and a 1-year high of $431.67. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 28.53 and a beta of 0.89.

Winmark (NASDAQ:WINA) last posted its quarterly earnings results on Wednesday, February 19th. The specialty retailer reported $2.60 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.05). Winmark had a negative return on equity of 93.24% and a net margin of 49.15%. The firm had revenue of $19.55 million for the quarter, compared to the consensus estimate of $20.25 million.

Winmark Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Wednesday, February 12th were paid a $0.90 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.60 annualized dividend and a dividend yield of 1.16%. Winmark’s payout ratio is 33.06%.

Winmark Company Profile

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.