Sports Direct International Plc

stated that they own 19.7% of The Finish Line, Inc. (NASDAQ:FINL) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Monday, August 14th. The investor owns 7,895,538 shares of the stock valued at about $105,721,254. The filing is available through Edgar at this link.

Sports Direct International Plc

provided the following explanation of their ownership:

Warning: file_get_contents(): php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/acctmp/public_html/download.php on line 6

Warning: file_get_contents(https://whalewisdom.com
7,895,538
): failed to open stream: php_network_getaddresses: getaddrinfo failed: Name or service not known in /home/acctmp/public_html/download.php on line 6

Other large investors also recently modified their holdings of the company. Trexquant Investment LP acquired a new stake in The Finish Line during the first quarter valued at approximately $3,143,000. State of Tennessee Treasury Department raised its stake in The Finish Line by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 39,843 shares of the specialty retailer’s stock valued at $567,000 after buying an additional 6,013 shares in the last quarter. American Century Companies Inc. raised its stake in The Finish Line by 1.7% in the first quarter. American Century Companies Inc. now owns 156,144 shares of the specialty retailer’s stock valued at $2,222,000 after buying an additional 2,553 shares in the last quarter. First Trust Advisors LP raised its stake in The Finish Line by 87.1% in the first quarter. First Trust Advisors LP now owns 59,019 shares of the specialty retailer’s stock valued at $840,000 after buying an additional 27,469 shares in the last quarter. Finally, LSV Asset Management raised its stake in The Finish Line by 10.6% in the first quarter. LSV Asset Management now owns 2,044,159 shares of the specialty retailer’s stock valued at $29,088,000 after buying an additional 195,891 shares in the last quarter.

Shares of The Finish Line, Inc. (NASDAQ FINL) traded down 0.3682% during mid-day trading on Monday, hitting $13.3407. The stock had a trading volume of 370,264 shares. The Finish Line, Inc. has a one year low of $12.25 and a one year high of $24.52. The firm’s market cap is $535.58 million. The company has a 50-day moving average of $13.96 and a 200 day moving average of $15.08.

The Finish Line (NASDAQ:FINL) last posted its quarterly earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.23. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The company had revenue of $429.80 million during the quarter, compared to the consensus estimate of $433.97 million. During the same period last year, the business earned $0.23 EPS. The business’s quarterly revenue was up .0% on a year-over-year basis. On average, equities research analysts forecast that The Finish Line, Inc. will post $1.14 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Wednesday, August 23rd. The Finish Line’s dividend payout ratio (DPR) is presently -89.80%.

WARNING: “19.7% Stake of The Finish Line, Inc. (NASDAQ:FINL) Held by Sports Direct International Plc” was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://www.watchlistnews.com/19-7-stake-of-the-finish-line-inc-nasdaqfinl-held-by-sports-direct-international-plc/1487597.html.

Several equities research analysts recently commented on the stock. Monness Crespi & Hardt upgraded shares of The Finish Line from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $14.09 to $17.00 in a research report on Monday, May 22nd. They noted that the move was a valuation call. BidaskClub upgraded shares of The Finish Line from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. Canaccord Genuity reiterated a “hold” rating and issued a $14.00 price objective on shares of The Finish Line in a research report on Friday, May 26th. Piper Jaffray Companies reissued a “neutral” rating on shares of The Finish Line in a research note on Wednesday, June 21st. Finally, Bank of America Corporation reissued a “neutral” rating and issued a $14.00 target price (down previously from $16.00) on shares of The Finish Line in a research note on Monday, June 26th. Nineteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.11.

In other news, COO Melissa A. Greenwell sold 4,077 shares of the firm’s stock in a transaction dated Saturday, July 29th. The stock was sold at an average price of $21.67, for a total transaction of $88,348.59. Following the completion of the sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at approximately $257,049.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Melissa A. Greenwell sold 7,525 shares of the firm’s stock in a transaction dated Saturday, July 15th. The stock was sold at an average price of $22.71, for a total value of $170,892.75. Following the sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding FINL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Finish Line, Inc. (NASDAQ:FINL).

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

Receive News & Ratings for The Finish Line Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Finish Line Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.