Finish Line Inc (NASDAQ:FINL) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 6,662,469 shares, a decrease of 23.1% from the November 15th total of 8,659,834 shares. Currently, 22.4% of the shares of the stock are sold short. Based on an average daily volume of 1,384,609 shares, the days-to-cover ratio is presently 4.8 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its position in Finish Line by 10.9% during the 3rd quarter. California Public Employees Retirement System now owns 241,306 shares of the specialty retailer’s stock valued at $2,903,000 after purchasing an additional 23,647 shares during the last quarter. Point72 Asset Management L.P. raised its position in Finish Line by 137.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 110,600 shares of the specialty retailer’s stock valued at $1,331,000 after purchasing an additional 64,100 shares during the last quarter. Engineers Gate Manager LP bought a new position in Finish Line during the 3rd quarter valued at approximately $597,000. Mackenzie Financial Corp raised its position in Finish Line by 9.4% during the 3rd quarter. Mackenzie Financial Corp now owns 349,361 shares of the specialty retailer’s stock valued at $4,203,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Finish Line by 29.5% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 632,191 shares of the specialty retailer’s stock valued at $7,606,000 after purchasing an additional 144,124 shares during the last quarter. 99.96% of the stock is owned by institutional investors and hedge funds.

Finish Line (NASDAQ FINL) opened at $12.13 on Friday. The company has a market capitalization of $475.36, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 2.17 and a beta of 1.39. Finish Line has a 52-week low of $6.90 and a 52-week high of $23.61.

Finish Line (NASDAQ:FINL) last released its quarterly earnings results on Friday, September 22nd. The specialty retailer reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $469.40 million during the quarter, compared to analyst estimates of $478.25 million. Finish Line had a positive return on equity of 5.44% and a negative net margin of 2.13%. Finish Line’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 EPS. equities analysts predict that Finish Line will post 0.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Shareholders of record on Friday, November 24th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date was Wednesday, November 22nd. Finish Line’s payout ratio is -45.83%.

FINL has been the subject of a number of research reports. Jefferies Group set a $17.00 price objective on Finish Line and gave the stock a “buy” rating in a report on Sunday, August 20th. Monness Crespi & Hardt cut Finish Line from a “buy” rating to a “neutral” rating in a report on Monday, August 21st. UBS restated a “sell” rating and set a $9.00 target price (down from $14.00) on shares of Finish Line in a report on Monday, August 21st. Zacks Investment Research cut Finish Line from a “hold” rating to a “sell” rating in a report on Monday, August 28th. Finally, FBR & Co cut Finish Line from a “buy” rating to a “neutral” rating and dropped their target price for the company from $22.00 to $9.00 in a report on Tuesday, August 29th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $11.00.

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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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