Bank of New York Mellon Corp Decreases Stock Position in Winmark Co. (NASDAQ:WINA)

Bank of New York Mellon Corp lessened its position in Winmark Co. (NASDAQ:WINA) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 20,154 shares of the specialty retailer’s stock after selling 865 shares during the quarter. Bank of New York Mellon Corp’s holdings in Winmark were worth $7,922,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp lifted its position 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 in the last quarter. Geode Capital Management LLC lifted its position in Winmark by 2.1% during the third quarter. Geode Capital Management LLC now owns 71,185 shares of the specialty retailer’s stock worth $27,264,000 after buying an additional 1,445 shares in the last quarter. Copeland Capital Management LLC lifted its position in Winmark by 2.5% during the fourth quarter. Copeland Capital Management LLC now owns 65,224 shares of the specialty retailer’s stock worth $25,638,000 after buying an additional 1,594 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Winmark by 2.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 24,067 shares of the specialty retailer’s stock worth $9,216,000 after buying an additional 555 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in Winmark during the third quarter worth approximately $9,168,000. Hedge funds and other institutional investors own 73.32% of the company’s stock.

Winmark Stock Performance

Shares of Winmark stock opened at $313.51 on Friday. Winmark Co. has a one year low of $300.83 and a one year high of $431.67. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 28.79 and a beta of 0.89. The business’s 50 day moving average price is $364.32 and its 200 day moving average price is $378.44.

Winmark (NASDAQ:WINA) last announced its quarterly earnings data on Wednesday, February 19th. The specialty retailer reported $2.60 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.05). Winmark had a negative return on equity of 93.24% and a net margin of 49.15%. The company had revenue of $19.55 million for the quarter, compared to analysts’ expectations of $20.25 million.

Winmark Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Wednesday, February 12th were given a $0.90 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $3.60 dividend on an annualized basis and a yield of 1.15%. Winmark’s dividend payout ratio is currently 33.06%.

Winmark 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.