Dimensional Fund Advisors LP lessened its holdings in shares of Finish Line Inc (NASDAQ:FINL) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,129,872 shares of the specialty retailer’s stock after selling 286,483 shares during the quarter. Dimensional Fund Advisors LP owned about 7.72% of Finish Line worth $37,651,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. QS Investors LLC increased its position in shares of Finish Line by 0.5% during the 2nd quarter. QS Investors LLC now owns 225,029 shares of the specialty retailer’s stock valued at $3,189,000 after purchasing an additional 1,212 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Finish Line by 1.8% during the 2nd quarter. Teachers Advisors LLC now owns 74,464 shares of the specialty retailer’s stock valued at $1,055,000 after purchasing an additional 1,313 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Finish Line by 15.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock valued at $155,000 after purchasing an additional 1,504 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Finish Line by 14.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 35,695 shares of the specialty retailer’s stock valued at $506,000 after purchasing an additional 4,441 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Finish Line by 7.5% during the 2nd quarter. Legal & General Group Plc now owns 76,273 shares of the specialty retailer’s stock valued at $1,081,000 after acquiring an additional 5,327 shares during the period. 99.96% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on the company. B. Riley restated a “neutral” rating on shares of Finish Line in a report on Wednesday, November 1st. BidaskClub cut Finish Line from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Cowen upgraded Finish Line from an “underperform” rating to a “hold” rating and set a $12.00 target price for the company in a report on Thursday, December 21st. Canaccord Genuity set a $9.00 target price on Finish Line and gave the stock a “hold” rating in a report on Wednesday, December 20th. Finally, Buckingham Research set a $7.00 target price on Finish Line and gave the stock a “sell” rating in a report on Monday, December 25th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $11.29.
Shares of Finish Line Inc (NASDAQ FINL) traded down $0.60 during mid-day trading on Friday, reaching $10.57. The company’s stock had a trading volume of 1,586,587 shares, compared to its average volume of 1,330,085. The stock has a market capitalization of $426.25, a P/E ratio of 17.92, a P/E/G ratio of 1.55 and a beta of 1.15. Finish Line Inc has a 52 week low of $6.90 and a 52 week high of $18.30.
Finish Line (NASDAQ:FINL) last issued its quarterly earnings results on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.10. The company had revenue of $378.50 million for the quarter, compared to the consensus estimate of $361.46 million. Finish Line had a positive return on equity of 5.43% and a negative net margin of 0.62%. Finish Line’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.24) earnings per share. research analysts forecast that Finish Line Inc will post 0.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 2nd will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Thursday, March 1st. This is an increase from Finish Line’s previous quarterly dividend of $0.11. Finish Line’s dividend payout ratio (DPR) is -157.14%.
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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.
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