The Finish Line Sees Unusually Large Options Volume (FINL)
The Finish Line, Inc. (NASDAQ:FINL) was the target of unusually large options trading on Friday. Investors purchased 2,273 call options on the company. This is an increase of Infinity compared to the typical daily volume of 0 call options.
Hedge funds and other institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System increased its holdings in shares of The Finish Line by 3.6% in the second quarter. California Public Employees Retirement System now owns 217,659 shares of the specialty retailer’s stock valued at $3,084,000 after buying an additional 7,600 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of The Finish Line by 20.1% in the second quarter. Ameriprise Financial Inc. now owns 255,915 shares of the specialty retailer’s stock valued at $3,626,000 after buying an additional 42,881 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of The Finish Line by 19.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 488,067 shares of the specialty retailer’s stock valued at $6,916,000 after buying an additional 79,086 shares in the last quarter. Gotham Asset Management LLC bought a new position in shares of The Finish Line in the second quarter valued at $452,000. Finally, Airain ltd increased its holdings in shares of The Finish Line by 37.9% in the second quarter. Airain ltd now owns 148,369 shares of the specialty retailer’s stock valued at $2,102,000 after buying an additional 40,791 shares in the last quarter. 98.85% of the stock is currently owned by institutional investors.
A number of analysts have recently issued reports on FINL shares. Jefferies Group LLC set a $13.00 target price on The Finish Line and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Barclays PLC reaffirmed an “equal weight” rating and set a $15.00 target price (down from $18.00) on shares of The Finish Line in a research report on Tuesday, August 29th. Morgan Stanley dropped their target price on The Finish Line from $13.50 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 13th. BidaskClub upgraded The Finish Line from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $8.00 price target (down from $14.00) on shares of The Finish Line in a research note on Tuesday, August 29th. Seven investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $10.60.
Shares of The Finish Line (FINL) opened at $9.10 on Monday. The Finish Line has a twelve month low of $6.90 and a twelve month high of $24.50. The company has a market capitalization of $369.30, a P/E ratio of 14.93, a P/E/G ratio of 1.66 and a beta of 1.33.
The Finish Line (NASDAQ:FINL) last posted its quarterly earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The company had revenue of $469.40 million for the quarter, compared to analysts’ expectations 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 was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. sell-side analysts anticipate that The Finish Line will post 0.53 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 24th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.44 annualized dividend and a dividend yield of 4.84%. The Finish Line’s dividend payout ratio is currently -45.83%.
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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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