The Finish Line, Inc. (FINL) Stock Price Up 6.5%

The Finish Line, Inc. (NASDAQ:FINL) rose 6.5% during mid-day trading on Wednesday . The stock traded as high as $10.66 and last traded at $10.37. Approximately 3,639,652 shares were traded during trading, an increase of 69% from the average daily volume of 2,150,650 shares. The stock had previously closed at $9.74.

FINL has been the subject of several research analyst reports. Robert W. Baird lowered The Finish Line to a “neutral” rating and dropped their price target for the stock from $15.00 to $8.00 in a research note on Tuesday, August 29th. They noted that the move was a valuation call. Canaccord Genuity set a $14.00 price target on The Finish Line and gave the stock a “hold” rating in a research note on Thursday, June 22nd. UBS AG reaffirmed a “sell” rating and set a $9.00 price target (down previously from $14.00) on shares of The Finish Line in a research note on Monday, August 21st. BidaskClub lowered The Finish Line from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, FBR & Co reissued a “buy” rating and issued a $22.00 target price on shares of The Finish Line in a research note on Tuesday, June 27th. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $11.85.

The firm’s market capitalization is $410.09 million. The company’s 50-day moving average price is $11.36 and its 200-day moving average price is $13.90.

The Finish Line (NASDAQ:FINL) last announced 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 business had revenue of $429.80 million during the quarter, compared to the consensus estimate of $433.97 million. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. On average, equities research analysts forecast that The Finish Line, Inc. will post $0.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 25th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend was Wednesday, August 23rd. The Finish Line’s payout ratio is currently -89.80%.

In other news, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction that occurred on Saturday, July 29th. The shares were sold at an average price of $21.67, for a total transaction of $88,348.59. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, 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 company insiders.

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of The Finish Line during the second quarter valued at approximately $102,000. State of Alaska Department of Revenue raised its stake in shares of The Finish Line by 77.0% during the second quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock valued at $112,000 after acquiring an additional 3,464 shares in the last quarter. Mason Street Advisors LLC raised its stake in shares of The Finish Line by 7.0% during the first quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 620 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of The Finish Line by 7.4% during the first quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 650 shares in the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of The Finish Line during the first quarter valued at approximately $157,000. 99.94% of the stock is owned by hedge funds and other institutional investors.

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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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