The Finish Line, Inc. (NASDAQ:FINL) was the recipient of some unusual options trading activity on Monday. Traders acquired 5,012 put options on the stock. This represents an increase of approximately 332% compared to the average daily volume of 1,159 put options.
In other news, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line stock in a transaction that occurred on Saturday, July 15th. The shares were sold at an average price of $22.71, for a total transaction of $170,892.75. Following the completion of the sale, the chief operating officer now owns 11,862 shares in the company, valued at approximately $269,386.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction that occurred on Saturday, July 29th. The stock was sold at an average price of $21.67, for a total transaction of $88,348.59. Following the sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at approximately $257,049.54. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. LSV Asset Management increased its position 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. Quantbot Technologies LP increased its position in shares of The Finish Line by 359.1% in the first quarter. Quantbot Technologies LP now owns 63,173 shares of the specialty retailer’s stock worth $898,000 after buying an additional 49,413 shares during the last quarter. State of Tennessee Treasury Department increased its position in shares of The Finish Line by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 39,843 shares of the specialty retailer’s stock worth $567,000 after buying an additional 6,013 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of The Finish Line by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the specialty retailer’s stock worth $235,000 after buying an additional 200 shares during the last quarter. Finally, Clearline Capital LP acquired a new position in shares of The Finish Line during the first quarter worth about $1,028,000.
The Finish Line (FINL) opened at 10.67 on Friday. The Finish Line has a 52 week low of $9.80 and a 52 week high of $24.52. The company’s market cap is $428.36 million. The firm has a 50-day moving average of $13.13 and a 200-day moving average of $14.66.
The Finish Line (NASDAQ:FINL) last released its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $433.97 million. During the same period in the prior year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Equities analysts forecast that The Finish Line will post $1.10 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 25th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.12%. The Finish Line’s dividend payout ratio is currently -89.80%.
Several equities research analysts have recently commented on FINL shares. Canaccord Genuity set a $14.00 price target on shares of The Finish Line and gave the stock a “hold” rating in a research report on Thursday, June 22nd. UBS AG reiterated a “sell” rating and set a $9.00 price target (down previously from $14.00) on shares of The Finish Line in a research report on Monday, August 21st. BidaskClub cut shares of The Finish Line from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. FBR & Co reiterated a “buy” rating and set a $22.00 price target on shares of The Finish Line in a research report on Tuesday, June 27th. Finally, Piper Jaffray Companies set a $13.00 price target on shares of The Finish Line and gave the stock a “hold” rating in a research report on Saturday, June 24th. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.68.
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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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