Louisiana State Employees Retirement System lowered its stake in The Finish Line, Inc. (NASDAQ:FINL) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,400 shares of the specialty retailer’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in The Finish Line were worth $232,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. LSV Asset Management raised its position in The Finish Line by 10.6% in the first quarter. LSV Asset Management now owns 2,044,159 shares of the specialty retailer’s stock valued at $29,088,000 after buying an additional 195,891 shares during the last quarter. State Street Corp raised its position in The Finish Line by 17.3% in the first quarter. State Street Corp now owns 1,380,369 shares of the specialty retailer’s stock valued at $19,640,000 after buying an additional 203,325 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in The Finish Line by 2,410.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 554,857 shares of the specialty retailer’s stock valued at $10,437,000 after buying an additional 532,759 shares during the last quarter. Bank of America Corp DE raised its position in The Finish Line by 388.8% in the first quarter. Bank of America Corp DE now owns 541,195 shares of the specialty retailer’s stock valued at $7,702,000 after buying an additional 430,476 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in The Finish Line by 9.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 408,981 shares of the specialty retailer’s stock valued at $5,820,000 after buying an additional 35,872 shares during the last quarter.
Shares of The Finish Line, Inc. (NASDAQ FINL) traded down 8.17% on Friday, reaching $11.01. The company’s stock had a trading volume of 3,406,024 shares. The firm’s market capitalization is $442.01 million. The firm has a 50-day moving average price of $13.69 and a 200 day moving average price of $14.90. The Finish Line, Inc. has a one year low of $10.49 and a one year high of $24.52.
The Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The business had revenue of $429.80 million for the quarter, compared to analysts’ expectations of $433.97 million. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. On average, analysts anticipate that The Finish Line, Inc. will post $1.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 25th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.44 annualized dividend and a yield of 4.00%. The Finish Line’s dividend payout ratio (DPR) is presently -89.80%.
A number of equities research analysts have recently weighed in on the company. Canaccord Genuity set a $14.00 price objective on The Finish Line and gave the stock a “hold” rating in a research report on Thursday, June 22nd. BidaskClub lowered The Finish Line from a “hold” rating to a “sell” rating in a research report on Thursday. FBR & Co reiterated a “buy” rating and issued a $22.00 price objective on shares of The Finish Line in a research report on Tuesday, June 27th. Piper Jaffray Companies set a $13.00 price objective on The Finish Line and gave the stock a “hold” rating in a research report on Saturday, June 24th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 price objective on shares of The Finish Line in a research report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $18.11.
In other The Finish Line news, COO Melissa A. Greenwell sold 7,525 shares of the stock in a transaction on Saturday, July 15th. The stock was sold at an average price of $22.71, for a total transaction of $170,892.75. Following the sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Melissa A. Greenwell sold 4,077 shares of the stock in a transaction on Saturday, July 29th. The shares were sold at an average price of $21.67, for a total value of $88,348.59. Following the sale, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $257,049.54. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by company insiders.
The Finish Line Company Profile
The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.
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