Sports Direct International Plc
stated that they own 9.2% of Finish Line Inc (NASDAQ:FINL) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Friday, May 19th. The investor owns 3,716,003 shares of the stock worth $50,797,761. The disclosure is available through EDGAR at this hyperlink.
Other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Finish Line by 148.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,935 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 3,549 shares during the period. Mason Street Advisors LLC boosted its stake in shares of Finish Line by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 620 shares during the period. Weiss Asset Management LP acquired a new stake in shares of Finish Line during the first quarter valued at approximately $157,000. Soros Fund Management LLC acquired a new stake in shares of Finish Line during the first quarter valued at approximately $169,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Finish Line during the first quarter valued at approximately $198,000.
Finish Line Inc (NASDAQ:FINL) traded up 1.46% on Friday, reaching $13.87. 5,489,869 shares of the company’s stock traded hands. Finish Line Inc has a 52-week low of $12.46 and a 52-week high of $24.52. The company’s 50 day moving average is $14.95 and its 200-day moving average is $17.92. The stock’s market cap is $559.70 million.
Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Friday, March 24th. The specialty retailer reported $0.50 EPS for the quarter, missing the consensus estimate of $0.70 by $0.20. The company had revenue of $557.50 million during the quarter, compared to the consensus estimate of $544.88 million. Finish Line had a positive return on equity of 11.57% and a negative net margin of 0.25%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. Equities analysts expect that Finish Line Inc will post $1.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Friday, May 26th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.22%. The ex-dividend date is Wednesday, May 24th. Finish Line’s dividend payout ratio is -285.71%.
Several equities research analysts have commented on the stock. Mizuho cut shares of Finish Line from a “buy” rating to a “neutral” rating and cut their price target for the stock from $23.00 to $18.00 in a research report on Thursday, March 9th. Zacks Investment Research raised shares of Finish Line from a “sell” rating to a “hold” rating in a research report on Thursday, March 9th. FBR & Co cut their price target on shares of Finish Line from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, March 27th. Susquehanna Bancshares Inc cut their price target on shares of Finish Line from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, January 30th. Finally, B. Riley reissued a “neutral” rating and set a $20.00 price target on shares of Finish Line in a research report on Wednesday, March 22nd. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $19.76.
In other Finish Line news, COO Melissa A. Greenwell sold 4,077 shares of Finish Line stock in a transaction dated Saturday, July 29th. The shares were sold at an average price of $21.67, for a total value of $88,348.59. Following the sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at $257,049.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Melissa A. Greenwell sold 7,525 shares of Finish Line stock in a transaction dated Saturday, July 15th. The stock was sold at an average price of $22.71, for a total transaction of $170,892.75. Following the completion of the sale, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $269,386.02. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.
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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