NJ State Employees Deferred Compensation Plan continued to hold its position in The Finish Line, Inc. (NASDAQ:FINL) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the specialty retailer’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan owned 0.07% of The Finish Line worth $425,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its stake in The Finish Line by 77.0% in the second quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock worth $112,000 after buying an additional 3,464 shares during the period. Mason Street Advisors LLC increased its stake in The Finish Line by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock worth $135,000 after buying an additional 620 shares during the period. Public Employees Retirement System of Ohio increased its stake in The Finish Line by 7.4% in the first quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock worth $135,000 after buying an additional 650 shares during the period. Weiss Asset Management LP bought a new stake in The Finish Line during the first quarter worth approximately $157,000. Finally, Soros Fund Management LLC bought a new stake in The Finish Line during the first quarter worth approximately $169,000.
Shares of The Finish Line, Inc. (NASDAQ FINL) traded down 8.17% during trading on Friday, hitting $11.01. 3,406,024 shares of the stock were exchanged. The firm’s 50-day moving average is $13.69 and its 200 day moving average is $14.90. The company’s market cap is $442.01 million. The Finish Line, Inc. has a 1-year low of $10.49 and a 1-year high of $24.52.
The Finish Line (NASDAQ:FINL) last posted its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.23. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The company had revenue of $429.80 million during the quarter, compared to the consensus estimate of $433.97 million. During the same quarter last year, the firm earned $0.23 earnings per share. The company’s revenue was up .0% on a year-over-year basis. Equities analysts forecast that The Finish Line, Inc. will post $1.14 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 25th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Wednesday, August 23rd. The Finish Line’s dividend payout ratio (DPR) is presently -89.80%.
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A number of research firms recently commented on FINL. Monness Crespi & Hardt upgraded shares of The Finish Line from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $14.09 to $17.00 in a report on Monday, May 22nd. They noted that the move was a valuation call. BidaskClub upgraded shares of The Finish Line from a “strong sell” rating to a “sell” rating in a report on Friday, August 4th. Canaccord Genuity reaffirmed a “hold” rating and set a $14.00 price objective on shares of The Finish Line in a research report on Friday, May 26th. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of The Finish Line in a research report on Wednesday, June 21st. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $14.00 price objective (down from $16.00) on shares of The Finish Line in a research report on Monday, June 26th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.11.
In related news, COO Melissa A. Greenwell sold 4,077 shares of the business’s stock in a transaction dated Saturday, July 29th. The stock was sold at an average price of $21.67, for a total value of $88,348.59. Following the completion of the transaction, the chief operating officer now owns 11,862 shares of the company’s stock, valued at $257,049.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Melissa A. Greenwell sold 7,525 shares of the business’s stock in a transaction dated Saturday, July 15th. The stock was sold at an average price of $22.71, for a total value of $170,892.75. Following the transaction, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is owned by insiders.
About The Finish Line
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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