Finish Line Target of Unusually High Options Trading (FINL)

Finish Line Inc (NASDAQ:FINL) was the target of some unusual options trading on Friday. Stock investors purchased 12,216 call options on the stock. This represents an increase of 1,919% compared to the typical volume of 605 call options.

Hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its position in shares of Finish Line by 3.6% during the 2nd quarter. California Public Employees Retirement System now owns 217,659 shares of the specialty retailer’s stock worth $3,084,000 after purchasing an additional 7,600 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Finish Line by 20.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 255,915 shares of the specialty retailer’s stock worth $3,626,000 after purchasing an additional 42,881 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Finish Line by 19.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 488,067 shares of the specialty retailer’s stock worth $6,916,000 after purchasing an additional 79,086 shares in the last quarter. Gotham Asset Management LLC bought a new position in shares of Finish Line during the 2nd quarter worth about $452,000. Finally, Trexquant Investment LP bought a new position in shares of Finish Line during the 3rd quarter worth about $1,819,000. 99.96% of the stock is currently owned by institutional investors.

Shares of Finish Line (FINL) traded up $0.33 on Thursday, reaching $13.64. 2,192,954 shares of the company’s stock were exchanged, compared to its average volume of 1,814,157. The company has a market capitalization of $534.98, a PE ratio of 52.46, a P/E/G ratio of 1.92 and a beta of 1.37. Finish Line has a twelve month low of $6.90 and a twelve month high of $18.30.

Finish Line (NASDAQ:FINL) last released its quarterly earnings data on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.10. The company had revenue of $378.50 million for the quarter, compared to analysts’ expectations of $361.46 million. Finish Line had a negative net margin of 0.62% and a positive return on equity of 5.43%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.24) EPS. research analysts forecast that Finish Line will post 0.65 earnings per share for the current fiscal year.

FINL has been the subject of several recent research reports. Wells Fargo & Co reiterated a “market perform” rating and issued a $12.00 price target (up from $9.00) on shares of Finish Line in a research note on Monday, September 25th. FBR & Co set a $10.00 price objective on shares of Finish Line and gave the company a “hold” rating in a research report on Tuesday, October 17th. Cowen restated a “hold” rating and set a $13.00 price objective on shares of Finish Line in a research report on Sunday, September 17th. UBS Group upgraded shares of Finish Line from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 13th. Finally, Deutsche Bank upgraded shares of Finish Line from a “sell” rating to a “hold” rating and set a $11.00 price objective for the company in a research report on Thursday, December 14th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the company. Finish Line currently has a consensus rating of “Hold” and a consensus target price of $11.29.

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About 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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