Sports Direct International Plc

stated that they own a 19.7% stake in The Finish Line, Inc. (NASDAQ:FINL) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission on Wednesday, August 16th. The investor owns 7,895,538 shares of the stock valued at about $99,010,047. The disclosure is available through EDGAR at this hyperlink.

Sports Direct International Plc

provided the following explanation of their ownership:

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A number of other institutional investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its position in shares of The Finish Line by 1,730.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 602,745 shares of the specialty retailer’s stock worth $8,541,000 after buying an additional 569,823 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of The Finish Line by 2,410.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 554,857 shares of the specialty retailer’s stock worth $10,437,000 after buying an additional 532,759 shares during the period. Numeric Investors LLC raised its position in shares of The Finish Line by 34.6% in the second quarter. Numeric Investors LLC now owns 1,845,310 shares of the specialty retailer’s stock worth $26,148,000 after buying an additional 474,200 shares during the period. Bank of America Corp DE raised its position in shares of The Finish Line by 388.8% in the first quarter. Bank of America Corp DE now owns 541,195 shares of the specialty retailer’s stock worth $7,702,000 after buying an additional 430,476 shares during the period. Finally, Koch Industries Inc. purchased a new position in shares of The Finish Line during the second quarter worth about $242,000.

The Finish Line, Inc. (NASDAQ:FINL) traded down 0.837% during midday trading on Wednesday, reaching $12.435. The company had a trading volume of 492,936 shares. The Finish Line, Inc. has a 1-year low of $12.25 and a 1-year high of $24.52. The firm’s 50 day moving average is $13.91 and its 200 day moving average is $14.99. The stock’s market capitalization is $499.22 million.

The Finish Line (NASDAQ:FINL) last posted its quarterly earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.23. The firm had revenue of $429.80 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. On average, equities analysts anticipate that The Finish Line, Inc. will post $1.14 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 25th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.51%. The Finish Line’s dividend payout ratio (DPR) is presently -89.80%.

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FINL has been the subject of a number of research analyst reports. Monness Crespi & Hardt upgraded The Finish Line from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.09 to $17.00 in a research note on Monday, May 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded The Finish Line from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. FBR & Co restated a “buy” rating and issued a $22.00 target price on shares of The Finish Line in a research note on Tuesday, June 27th. Canaccord Genuity restated a “hold” rating and issued a $14.00 target price on shares of The Finish Line in a research note on Friday, May 26th. Finally, Bank of America Corporation lifted their price objective on The Finish Line from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, July 21st. Nineteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.11.

In other The Finish Line news, COO Melissa A. Greenwell sold 7,525 shares of the stock in a transaction dated Saturday, July 15th. The shares were sold at an average price of $22.71, for a total value of $170,892.75. Following the completion of the transaction, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at $269,386.02. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Melissa A. Greenwell sold 4,077 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at $257,049.54. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

The 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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Institutional Ownership by Quarter for The Finish Line (NASDAQ:FINL)

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