Principal Financial Group Inc. lessened its stake in shares of The Finish Line, Inc. (NASDAQ:FINL) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 306,927 shares of the specialty retailer’s stock after selling 2,145 shares during the period. Principal Financial Group Inc. owned approximately 0.76% of The Finish Line worth $4,349,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Texas Permanent School Fund increased its position in The Finish Line by 0.3% during the 2nd quarter. Texas Permanent School Fund now owns 29,462 shares of the specialty retailer’s stock valued at $417,000 after buying an additional 96 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in The Finish Line by 0.6% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 23,854 shares of the specialty retailer’s stock valued at $338,000 after buying an additional 154 shares in the last quarter. Arizona State Retirement System increased its position in The Finish Line by 1.0% during the 1st quarter. Arizona State Retirement System now owns 21,119 shares of the specialty retailer’s stock valued at $301,000 after buying an additional 200 shares in the last quarter. NGAM Advisors L.P. increased its position in The Finish Line by 1.6% during the 2nd quarter. NGAM Advisors L.P. now owns 15,461 shares of the specialty retailer’s stock valued at $219,000 after buying an additional 240 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC increased its position in The Finish Line by 3.2% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 14,353 shares of the specialty retailer’s stock valued at $208,000 after buying an additional 446 shares in the last quarter. 99.94% of the stock is owned by institutional investors.

A number of research analysts recently weighed in on the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $19.00 price objective on shares of The Finish Line in a research report on Friday, June 9th. Bank of America Corporation lifted their target price on The Finish Line from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Friday, July 21st. Wedbush reissued a “neutral” rating and issued a $15.00 target price on shares of The Finish Line in a report on Friday, June 16th. FBR & Co reissued a “buy” rating and issued a $22.00 target price on shares of The Finish Line in a report on Tuesday, June 27th. Finally, BidaskClub lowered The Finish Line from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $10.85.

In other The Finish Line news, COO Melissa A. Greenwell sold 7,525 shares of the company’s stock in a transaction on Saturday, July 15th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Melissa A. Greenwell sold 4,077 shares of the company’s stock in a transaction on 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 sale, the chief operating officer now directly owns 11,862 shares in the company, valued at $257,049.54. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by corporate insiders.

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The Finish Line, Inc. (NASDAQ:FINL) opened at 11.12 on Thursday. The company’s 50-day moving average price is $10.19 and its 200 day moving average price is $13.29. The stock’s market capitalization is $446.95 million. The Finish Line, Inc. has a 52-week low of $6.90 and a 52-week high of $24.50.

The Finish Line (NASDAQ:FINL) last posted its quarterly earnings results on Friday, September 22nd. The specialty retailer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The Finish Line had a negative net margin of 2.13% and a positive return on equity of 5.44%. The company had revenue of $469.40 million for the quarter, compared to analyst estimates of $478.25 million. During the same period in the prior year, the company earned $0.53 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. On average, equities research analysts predict that The Finish Line, Inc. will post $0.54 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 25th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.96%. The ex-dividend date was Wednesday, August 23rd. The Finish Line’s payout ratio is -45.83%.

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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