The Finish Line, Inc. (NASDAQ:FINL) saw a significant decrease in short interest during the month of October. As of October 13th, there was short interest totalling 9,246,071 shares, a decrease of 17.4% from the September 29th total of 11,187,311 shares. Approximately 35.6% of the shares of the company are sold short. Based on an average daily volume of 1,519,894 shares, the days-to-cover ratio is currently 6.1 days.
The Finish Line (FINL) traded down $0.90 during trading on Friday, hitting $9.10. 3,538,700 shares of the company’s stock traded hands, compared to its average volume of 1,841,206. The Finish Line has a 1 year low of $6.90 and a 1 year high of $24.50. The company has a market cap of $333.21, a PE ratio of 16.39, a P/E/G ratio of 1.82 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 EPS for the quarter, topping analysts’ consensus estimates 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 negative net margin of 2.13% and a positive return on equity of 5.44%. The Finish Line’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. research 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. Investors 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 dividend on an annualized basis and a dividend yield of 4.84%. The Finish Line’s dividend payout ratio (DPR) is presently 137.50%.
FINL has been the topic of several research reports. Robert W. Baird downgraded The Finish Line to a “neutral” rating and decreased their target price for the company from $15.00 to $8.00 in a research report 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 report on Monday, October 2nd. Cowen and Company set a $10.00 price target on The Finish Line and gave the stock a “hold” rating in a research report on Monday, October 23rd. UBS AG reissued a “sell” rating and set a $9.00 price target (down previously from $14.00) on shares of The Finish Line in a research report on Monday, August 21st. Finally, Wells Fargo & Company reduced their price target on The Finish Line from $12.00 to $9.00 and set a “market perform” rating on the stock in a research report on Sunday, October 1st. Seven analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company’s stock. The Finish Line has a consensus rating of “Hold” and an average price target of $10.60.
Large investors have recently bought and sold shares of the stock. California Public Employees Retirement System raised its holdings in shares of The Finish Line by 3.6% in the 2nd quarter. California Public Employees Retirement System now owns 217,659 shares of the specialty retailer’s stock worth $3,084,000 after purchasing an additional 7,600 shares during the period. Ameriprise Financial Inc. raised its holdings in The Finish Line by 20.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 255,915 shares of the specialty retailer’s stock valued at $3,626,000 after acquiring an additional 42,881 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in The Finish Line by 19.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 488,067 shares of the specialty retailer’s stock valued at $6,916,000 after acquiring an additional 79,086 shares during the period. Gotham Asset Management LLC bought a new stake in The Finish Line during the 2nd quarter valued at $452,000. Finally, Airain ltd raised its holdings in The Finish Line by 37.9% during the 2nd quarter. Airain ltd now owns 148,369 shares of the specialty retailer’s stock valued at $2,102,000 after acquiring an additional 40,791 shares during the period. 99.51% of the stock is currently owned by institutional investors.
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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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