The Finish Line, Inc. (NASDAQ:FINL) shares fell 9% on Friday . The stock traded as low as $8.58 and last traded at $9.10. 3,538,417 shares changed hands during mid-day trading, an increase of 92% from the average session volume of 1,841,205 shares. The stock had previously closed at $10.00.

Several research firms have weighed in on FINL. B. Riley reiterated a “neutral” rating on shares of The Finish Line in a research note on Wednesday, November 1st. BidaskClub upgraded shares of The Finish Line from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Canaccord Genuity upped their price objective on shares of The Finish Line from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Monday, September 25th. UBS AG lowered shares of The Finish Line from a “positive” rating to a “neutral” rating in a research note on Monday, October 2nd. Finally, Jefferies Group LLC set a $13.00 price objective on shares of The Finish Line and gave the company a “buy” rating in a research note on Tuesday, August 29th. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the stock. The Finish Line presently has an average rating of “Hold” and an average target price of $10.60.

The firm has a market capitalization of $369.30, a P/E ratio of 14.93, a PEG ratio of 1.66 and a beta of 1.33.

The Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $478.25 million. During the same quarter in the prior year, the company posted $0.53 EPS. The business’s revenue was down 3.3% on a year-over-year basis. equities analysts predict that The Finish Line, Inc. will post 0.53 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 24th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.84%. The ex-dividend date of this dividend is Wednesday, November 22nd. The Finish Line’s dividend payout ratio is -45.83%.

Several institutional investors have recently made changes to their positions in the stock. ING Groep NV acquired a new stake in shares of The Finish Line during the 3rd quarter worth about $23,459,000. Thompson Siegel & Walmsley LLC increased its position in shares of The Finish Line by 8.2% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,917,439 shares of the specialty retailer’s stock worth $27,170,000 after purchasing an additional 146,110 shares in the last quarter. Numeric Investors LLC increased its position in shares of The Finish Line by 34.6% during the 2nd quarter. Numeric Investors LLC now owns 1,845,310 shares of the specialty retailer’s stock worth $26,148,000 after purchasing an additional 474,200 shares in the last quarter. Boston Partners increased its position in shares of The Finish Line by 2.7% during the 2nd quarter. Boston Partners now owns 1,794,536 shares of the specialty retailer’s stock worth $25,429,000 after purchasing an additional 47,012 shares in the last quarter. Finally, State Street Corp increased its position in shares of The Finish Line by 6.5% during the 2nd quarter. State Street Corp now owns 1,470,739 shares of the specialty retailer’s stock worth $20,840,000 after purchasing an additional 90,370 shares in the last quarter. Institutional investors and hedge funds own 99.51% of the company’s stock.

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About The 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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