QS Investors LLC raised its stake in The Finish Line, Inc. (NASDAQ:FINL) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 225,029 shares of the specialty retailer’s stock after purchasing an additional 1,212 shares during the quarter. QS Investors LLC owned 0.56% of The Finish Line worth $3,189,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FINL. Robeco Institutional Asset Management B.V. grew its stake in shares of The Finish Line by 1,730.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 602,745 shares of the specialty retailer’s stock valued at $8,541,000 after purchasing an additional 569,823 shares during the last quarter. Numeric Investors LLC grew its stake in shares of The Finish Line by 34.6% in the 2nd quarter. Numeric Investors LLC now owns 1,845,310 shares of the specialty retailer’s stock valued at $26,148,000 after purchasing an additional 474,200 shares during the last quarter. Bank of America Corp DE grew its stake in shares of The Finish Line by 388.8% in the 1st quarter. Bank of America Corp DE now owns 541,195 shares of the specialty retailer’s stock valued at $7,702,000 after purchasing an additional 430,476 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of The Finish Line in the 1st quarter valued at approximately $3,640,000. Finally, Credit Suisse AG grew its stake in shares of The Finish Line by 223.0% in the 1st quarter. Credit Suisse AG now owns 297,867 shares of the specialty retailer’s stock valued at $4,239,000 after purchasing an additional 205,656 shares during the last quarter. Institutional investors own 99.94% of the company’s stock.

Several research analysts have weighed in on FINL shares. Robert W. Baird downgraded The Finish Line to a “neutral” rating and lowered their target price for the company from $15.00 to $8.00 in a research note on Tuesday, August 29th. They noted that the move was a valuation call. Susquehanna Bancshares Inc downgraded The Finish Line from a “positive” rating to a “neutral” rating in a research note on Monday. Canaccord Genuity set a $14.00 target price on The Finish Line and gave the company a “hold” rating in a research note on Thursday, June 22nd. UBS AG reiterated a “sell” rating and issued a $9.00 target price (down from $14.00) on shares of The Finish Line in a research note on Monday, August 21st. Finally, Wells Fargo & Company lowered their target price on The Finish Line from $12.00 to $9.00 and set a “market perform” rating on the stock in a research note on Sunday. Six 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 Finish Line presently has a consensus rating of “Hold” and a consensus price target of $10.85.

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 firm’s market capitalization is $446.95 million. The Finish Line, Inc. has a one year low of $6.90 and a one year high of $24.50.

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

The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 25th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.96%. The Finish Line’s dividend payout ratio (DPR) is -45.83%.

WARNING: “QS Investors LLC Has $3.19 Million Holdings in The Finish Line, Inc. (FINL)” was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.watchlistnews.com/qs-investors-llc-has-3-19-million-holdings-in-the-finish-line-inc-finl/1610053.html.

In other The Finish Line news, COO Melissa A. Greenwell sold 4,077 shares of the company’s stock in a transaction that occurred on Saturday, July 29th. The stock was sold at an average price of $21.67, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Melissa A. Greenwell sold 7,525 shares of the 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 owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The disclosure for this sale can be found here. Corporate insiders own 6.00% of the company’s stock.

The Finish Line 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.