John L. Morgan, CEO of Winmark Corp., bought 2,000 shares of Winmark Corp. (Stock Symbol: WINA) at $65.8 per share for a total amount of $131.6 thousand on June 16, 2014.
Winmark Corp. is headquartered in Minneapolis, Minnesota.
On April 30, 2014, Winmark Corp. announced that its Board of Directors has approved an increase in its regular quarterly cash dividend to shareholders. The quarterly dividend of $0.06 per share represents an increase of $0.01 from its previous dividend rate. The cash dividend will be paid on June 2, 2014 to shareholders of record on the close of business on May 14, 2014. Future dividends will be subject to Board approval.
On April 16, 2014, Winmark Corp. announced its latest quarterly results. Their net income for the quarter ended March 29, 2014 of $4,551,900 (or $.86 per share diluted) compared to net income of $4,057,500 (or $.78 per share diluted) in the first quarter of 2013.
According to Capital IQ, Winmark Corp. has a market cap of $339.06 million, an enterprise value of $350.47 million, and trailing 12 month revenues of $57.14 million.
Winmark Corporation operates as a franchisor of five retail store concepts that buy, sell, trade, and consign merchandise. It operates in two segments, franchising and leasing. The company franchises retail stores under the Platos Closet, Once Upon A Child, Play It Again Sports, Music Go Round, and Style Encore brand names. The Platos Closet brand stores buy and sell used clothing and accessories for the teenage and young adult market; and Once Upon A Child brand stores buy and sell used and new childrens clothing, toys, furniture, equipment, and accessories primarily targeting parents of children ages infant to 12 years. The Play It Again Sports brand stores buy, sell, trade, and consign used and new sporting goods, equipment, and accessories for various athletic activities, including team sports, fitness, ski/snowboard, golf, and others; and Music Go Round brand stores buy, sell, trade, and consign used and new musical instruments, speakers, amplifiers, music-related electronics, and related accessories, as well as Style Encore brand stores buy and sell used womens apparel, shoes, and accessories. The company also engages in middle-market equipment leasing business focusing on technology-based assets for large and medium-sized businesses; and operates a small-ticket financing business. As of December 28, 2013, it had 1,005 franchised stores in the United States and Canada.
John L. Morgan’s most recent annual compensation from Winmark Corp. is a salary of $570,000, $8,475 in other compensation, and a total compensation of $534,500. Mr. Morgan is 72 years old.
According to his biography, Mr. John L. Morgan serves as the Chairman of the Board and Chief Executive Officer of Winmark Corp. In addition, Mr. Morgan currently serves as Chairman and Chief Executive Officer of Tomsten, Inc. (d/b/a Archiver’s) pursuant to a management agreement entered into in December 2009 between Winmark and Tomsten, Inc. He was an independent investor/business consultant from April 1999 to February 2000. He was the founder of Winthrop Resources Corporation, a business equipment leasing company, and served as its President from March 1982 through March 1999. In addition, Mr. Morgan is currently a private investor and serves as a member of Rush River Group, LLC.
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