State Street Corp raised its stake in shares of The Finish Line, Inc. (NASDAQ:FINL) by 17.3% during the first quarter, Holdings Channel reports. The firm owned 1,380,369 shares of the specialty retailer’s stock after buying an additional 203,325 shares during the period. State Street Corp’s holdings in The Finish Line were worth $19,640,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Mason Street Advisors LLC increased its stake in The Finish Line by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 620 shares during the period. Weiss Asset Management LP acquired a new stake in The Finish Line during the first quarter valued at approximately $157,000. Quantitative Systematic Strategies LLC acquired a new stake in The Finish Line during the first quarter valued at approximately $198,000. Ngam Advisors L.P. increased its stake in The Finish Line by 42.2% in the first quarter. Ngam Advisors L.P. now owns 15,221 shares of the specialty retailer’s stock valued at $216,000 after buying an additional 4,520 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in The Finish Line by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the specialty retailer’s stock valued at $235,000 after buying an additional 200 shares during the period.

The Finish Line, Inc. (NASDAQ FINL) traded down 4.65% during trading on Tuesday, hitting $12.72. 627,411 shares of the stock were exchanged. The stock’s 50 day moving average is $13.95 and its 200-day moving average is $15.02. The company’s market cap is $510.66 million. The Finish Line, Inc. has a one year low of $12.25 and a one year high of $24.52.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors 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 3.30%. The ex-dividend date of this dividend is Wednesday, August 23rd. The Finish Line’s dividend payout ratio is currently -89.80%.

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Several analysts recently commented on the stock. Monness Crespi & Hardt upgraded shares of The Finish Line from a “neutral” rating to a “buy” rating and upped their price target for the company 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 target on shares of The Finish Line in a research report on Friday, May 26th. Piper Jaffray Companies reiterated a “neutral” rating on shares of The Finish Line in a research report on Wednesday, June 21st. Finally, Bank of America Corporation reiterated a “neutral” rating and issued a $14.00 price target (down previously from $16.00) on shares of The Finish Line in a research report on Monday, June 26th. Nineteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $18.11.

In related news, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line stock in a transaction dated Saturday, July 15th. The shares were sold at an average price of $22.71, for a total transaction of $170,892.75. Following the sale, the chief operating officer now directly owns 11,862 shares in the company, valued at $269,386.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line 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 sale, the chief operating officer now 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 owned by 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.

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

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