Crossmark Global Holdings Inc. bought a new stake in shares of Finish Line Inc (NASDAQ:FINL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,610 shares of the specialty retailer’s stock, valued at approximately $176,000.
Several other institutional investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. increased its holdings in Finish Line by 1,730.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 602,745 shares of the specialty retailer’s stock worth $8,541,000 after acquiring an additional 569,823 shares during the last quarter. Numeric Investors LLC increased its holdings in Finish Line by 34.6% in the 2nd quarter. Numeric Investors LLC now owns 1,845,310 shares of the specialty retailer’s stock worth $26,148,000 after acquiring an additional 474,200 shares during the last quarter. Koch Industries Inc. purchased a new stake in Finish Line in the 2nd quarter worth about $242,000. State Street Corp increased its holdings in Finish Line by 17.3% in the 1st quarter. State Street Corp now owns 1,380,369 shares of the specialty retailer’s stock worth $19,640,000 after acquiring an additional 203,325 shares during the last quarter. Finally, Capital Fund Management S.A. increased its holdings in Finish Line by 200.6% in the 2nd quarter. Capital Fund Management S.A. now owns 264,669 shares of the specialty retailer’s stock worth $3,750,000 after acquiring an additional 176,629 shares during the last quarter. 99.96% of the stock is owned by hedge funds and other institutional investors.
Shares of Finish Line Inc (FINL) opened at $11.06 on Tuesday. The firm has a market capitalization of $433.99, a P/E ratio of 17.54, a P/E/G ratio of 1.99 and a beta of 1.39. Finish Line Inc has a 12-month low of $6.90 and a 12-month high of $24.50.
Finish Line (NASDAQ:FINL) last released its earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. The company had revenue of $469.40 million during the quarter, compared to the consensus estimate of $478.25 million. Finish Line had a positive return on equity of 5.44% and a negative net margin of 2.13%. Finish Line’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS. equities analysts forecast that Finish Line Inc will post 0.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 24th will be given a $0.11 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $0.44 dividend on an annualized basis and a yield of 3.98%. Finish Line’s payout ratio is -45.83%.
Several brokerages have commented on FINL. Zacks Investment Research upgraded Finish Line from a “sell” rating to a “hold” rating in a research note on Monday, November 20th. Buckingham Research raised their target price on Finish Line from $5.00 to $7.00 and gave the stock an “underperform” rating in a research note on Monday, November 20th. Cowen downgraded Finish Line from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $10.00 to $7.00 in a research note on Friday, November 10th. B. Riley restated a “neutral” rating on shares of Finish Line in a research note on Wednesday, November 1st. Finally, FBR & Co set a $10.00 target price on Finish Line and gave the stock a “hold” rating in a research note on Tuesday, October 17th. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company’s stock. Finish Line has an average rating of “Hold” and a consensus price target of $10.70.
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Finish Line Profile
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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