Lawrence A. Barbetta, a director at Winmark Corp (NASDAQ:WINA), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Barbetta sold a total of 3,021 shares of Winmark's common stock on November 25, 2024. The shares were sold at prices ranging from $425.21 to $426.02, amounting to a total transaction value of approximately $1.29 million.
Following these transactions, Barbetta's direct ownership stands at 1,501 shares. The sales were executed in two separate transactions, with 1,986 shares sold at an average price of $425.21 and 1,035 shares sold at an average price of $426.02.
Barbetta's role as a director does not involve any officer responsibilities, and he is not a ten-percent owner of the company. Winmark Corp, headquartered in Minneapolis, is known for its retail operations under various brand names.
InvestingPro Insights
To provide additional context to Lawrence A. Barbetta's recent stock sale, let's examine some key financial metrics and insights for Winmark Corp (NASDAQ:WINA) from InvestingPro.
Winmark's stock has shown strong performance recently, with InvestingPro data indicating a 15.42% price total return over the past month and a 16.75% return over the last three months. This upward trend might have influenced Barbetta's decision to sell a portion of his holdings, potentially capitalizing on the stock's recent gains.
Despite the director's sale, Winmark maintains a solid financial position. An InvestingPro Tip highlights that the company has maintained dividend payments for 15 consecutive years, demonstrating a commitment to shareholder returns. This is further supported by the current dividend yield of 2.86% and an impressive dividend growth of 73.91% over the last twelve months.
The company's valuation metrics present an interesting picture. Winmark is trading at a high P/E ratio of 36.38, which aligns with an InvestingPro Tip noting that the company is trading at a high earnings multiple. This elevated valuation could be another factor that prompted the insider sale.
It's worth noting that Winmark's financials appear robust, with an operating income margin of 64.42% for the last twelve months as of Q3 2024. Additionally, an InvestingPro Tip indicates that the company's cash flows can sufficiently cover interest payments, suggesting financial stability.
For investors seeking a more comprehensive analysis, InvestingPro offers 11 additional tips for Winmark Corp, providing a deeper understanding of the company's financial health and market position.
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