NGAM Advisors L.P. increased its position in The Finish Line, Inc. (NASDAQ:FINL) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,461 shares of the specialty retailer’s stock after buying an additional 240 shares during the period. NGAM Advisors L.P.’s holdings in The Finish Line were worth $219,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. LSV Asset Management increased its stake in shares of 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 worth $29,088,000 after buying an additional 195,891 shares during the last quarter. State Street Corp increased its stake in shares of 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 worth $19,640,000 after buying an additional 203,325 shares during the last quarter. Bank of America Corp DE increased its stake in shares of 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 worth $7,702,000 after buying an additional 430,476 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of 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 worth $5,820,000 after buying an additional 35,872 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of The Finish Line by 19.7% in the first quarter. Canada Pension Plan Investment Board now owns 361,408 shares of the specialty retailer’s stock worth $5,143,000 after buying an additional 59,500 shares during the last quarter.
The Finish Line, Inc. (NASDAQ FINL) opened at 11.01 on Monday. The company has a 50-day moving average price of $13.69 and a 200 day moving average price of $14.90. The stock’s market capitalization is $442.01 million. The Finish Line, Inc. has a 12 month low of $10.49 and a 12 month high of $24.52.
The Finish Line (NASDAQ:FINL) last issued its quarterly earnings data on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 firm had revenue of $429.80 million during the quarter, compared to the consensus estimate of $433.97 million. During the same period in the previous year, the firm posted $0.23 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. Equities analysts predict that The Finish Line, Inc. will post $1.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors 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 dividend yield of 4.00%. The Finish Line’s dividend payout ratio is currently -89.80%.
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A number of research firms recently weighed in on FINL. Canaccord Genuity set a $14.00 price target on The Finish Line and gave the stock a “hold” rating in a report on Thursday, June 22nd. BidaskClub cut The Finish Line from a “hold” rating to a “sell” rating in a report on Thursday. FBR & Co reissued a “buy” rating and set a $22.00 target price on shares of The Finish Line in a report on Tuesday, June 27th. Piper Jaffray Companies set a $13.00 target price on The Finish Line and gave the company a “hold” rating in a report on Saturday, June 24th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $17.00 target price on shares of The Finish Line in a report on Friday, June 23rd. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have assigned a buy rating to the company’s stock. The Finish Line has an average rating of “Hold” and an average price target of $18.11.
In other The Finish Line news, COO Melissa A. Greenwell sold 7,525 shares of the business’s stock in a transaction on Saturday, July 15th. The stock was sold at an average price of $22.71, for a total value of $170,892.75. Following the completion of the transaction, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $269,386.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Melissa A. Greenwell sold 4,077 shares of the business’s 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 completion of the transaction, the chief operating officer now owns 11,862 shares of the company’s stock, valued at $257,049.54. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.
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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