Sports Direct International Plc
stated that they own a 35% stake in Finish Line Inc (NASDAQ:FINL) in a Schedule 13D/A disclosure that was filed with the SEC on Friday, January 12th. The investor owns 14,074,181 shares of the stock valued at $190,705,153. The filing is available through the SEC website at this link.
A number of other hedge funds have also recently added to or reduced their stakes in FINL. ING Groep NV acquired a new position in Finish Line in the third quarter valued at $23,459,000. Numeric Investors LLC lifted its holdings in Finish Line by 34.6% in the second quarter. Numeric Investors LLC now owns 1,845,310 shares of the specialty retailer’s stock valued at $26,148,000 after buying an additional 474,200 shares during the period. Koch Industries Inc. acquired a new position in Finish Line in the second quarter valued at $242,000. Trexquant Investment LP acquired a new position in Finish Line in the third quarter valued at $1,819,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Finish Line by 29.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 632,191 shares of the specialty retailer’s stock valued at $7,606,000 after buying an additional 144,124 shares during the period. Institutional investors and hedge funds own 99.96% of the company’s stock.
Finish Line Inc (NASDAQ FINL) traded down $0.09 during trading hours on Friday, hitting $13.55. 1,150,640 shares of the stock traded hands, compared to its average volume of 1,740,422. The company has a market capitalization of $534.98, a P/E ratio of 52.12, a PEG ratio of 1.92 and a beta of 1.37. Finish Line Inc has a one year low of $6.90 and a one year high of $18.30.
Finish Line (NASDAQ:FINL) last posted its earnings results on Thursday, December 21st. The specialty retailer reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.10. The company had revenue of $378.50 million during the quarter, compared to the consensus estimate of $361.46 million. Finish Line had a negative net margin of 0.62% and a positive return on equity of 5.43%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.24) earnings per share. equities research analysts expect that Finish Line Inc will post 0.65 EPS for the current year.
Several research firms recently issued reports on FINL. BidaskClub lowered shares of Finish Line from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research raised shares of Finish Line from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Thursday, December 28th. B. Riley lifted their price target on shares of Finish Line from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, December 28th. Buckingham Research set a $7.00 price target on shares of Finish Line and gave the company a “sell” rating in a research note on Monday, December 25th. Finally, Cowen raised shares of Finish Line from an “underperform” rating to a “hold” rating and set a $12.00 price target for the company in a research note on Thursday, December 21st. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.29.
Finish Line Company 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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