Winmark Corporation reported one significant
on April 22. This buy came from Chairman and CEO John Morgan as
the price is on the decline from its 52-week high.
John Morgan bought 4,100 shares on the April 22. The shares
traded at an average prie of $59.70. This cost Morgan a total of
$244,770. Morgan now holds on to 1,712,310 shares of his
This marks the first insider transaction for John Morgan and
Winmark in 2013. If you look at
John Morgan's market overview
, you can see that Morgan's investments in both Winmark and
Canterbury Park Holding Corporation (
) have consistently succeeded and grown.
Winmark is a franchisor of four different value-oriented retail
stores that buy, sell, trade and consign merchandise. The
company's four retail stores are Play It Again Sports, Plato's
Closet, Once Upon a Child, and Music Go Round.
of Winmark reports that the price of the company is inching
towards a 52-week high price of $64.40. The analysis also states
that the company's operating margin is expanding and that its
dividend yield is close to a three-year high.
This buy also comes after the company reported its first quarter
financials on April 17. Winmark brought in a net income of
$4,057,500, or $0.78 per diluted share, in contrast to the same
period in 2012 when the company brought in $3,516,000 or $0.67
per share. The company also reported that they reduced their bank
debt by $6.3 million during this quarter.
John Morgan said in response to these financials, "Our results
continued to demonstrate the strength of our franchising
business, with solid growth in royalties and new franchise
agreements. Our leasing business, while exhibiting a modest
increase in profitability, achieved more meaningful growth in the
portfolio of our customers and equipment that, along with the
development of our sales staff, positions us well for continued
The company is also introducing their new concept store, Style
Encore, to the market this year.
WINA data by GuruFocus.com
According to Winmark's income statement, its revenue has been
steadily increasing since 2005. The company's net income has
maintained its consistent rise since December 2009.
Market Cap: 303.88 M
Shiller P/E: 35.1
52 Week Low: 47.43
52 Week High: 64.40
Average Volume: 12,428
There are currently no gurus that hold a stake in Winmark.
With its shares up 1.43%, Winmark trades at $61.65.About
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