The Finish Line Inc. (NASDAQ:FINL) insider Glenn S. Lyon sold 38,523 shares of the business’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $23.19, for a total value of $893,348.37. Following the completion of the transaction, the insider now directly owns 192,088 shares of the company’s stock, valued at approximately $4,454,520.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of The Finish Line Inc. (NASDAQ:FINL) opened at 23.08 on Friday. The company’s 50-day moving average price is $23.48 and its 200 day moving average price is $20.69. The Finish Line Inc. has a 12-month low of $15.37 and a 12-month high of $24.52. The stock has a market cap of $936.17 million, a price-to-earnings ratio of 73.04 and a beta of 0.90.
The Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, September 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. The firm earned $509.40 million during the quarter. The Finish Line had a return on equity of 8.83% and a net margin of 0.72%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.57 earnings per share. On average, equities analysts predict that The Finish Line Inc. will post $1.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 26th were given a $0.10 dividend. The ex-dividend date was Wednesday, August 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.73%. The Finish Line’s dividend payout ratio (DPR) is presently 108.11%.
A number of equities analysts have weighed in on the company. Zacks Investment Research raised The Finish Line from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Wednesday, August 31st. Citigroup Inc. reissued a “buy” rating and issued a $24.00 target price on shares of The Finish Line in a research report on Tuesday, August 23rd. Canaccord Genuity reissued a “buy” rating and issued a $25.00 target price on shares of The Finish Line in a research report on Wednesday, September 21st. Piper Jaffray Cos. set a $18.00 target price on The Finish Line and gave the stock a “hold” rating in a research report on Wednesday, September 21st. Finally, B. Riley boosted their target price on The Finish Line from $22.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, September 21st. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $22.75.
Hedge funds have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. bought a new stake in The Finish Line during the second quarter valued at approximately $40,831,000. Numeric Investors LLC bought a new stake in The Finish Line during the second quarter valued at approximately $17,972,000. Dimensional Fund Advisors LP increased its stake in The Finish Line by 32.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,569,624 shares of the company’s stock valued at $72,071,000 after buying an additional 880,360 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in The Finish Line during the second quarter valued at approximately $16,645,000. Finally, Landscape Capital Management L.L.C. bought a new stake in The Finish Line during the first quarter valued at approximately $5,275,000.
The Finish Line Company Profile
Finish Line, Inc is a specialty retailer. The Company operates two retail divisions: the Finish Line and JackRabbit brands. Finish Line is a retailer of athletic shoes, apparel and accessories. The Company operates approximately 590 Finish Line stores, which average over 5,550 square feet, in approximately 40 United States’ states and Puerto Rico.
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