Engineers Gate Manager LP decreased its holdings in Finish Line Inc (NASDAQ:FINL) by 29.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 34,949 shares of the specialty retailer’s stock after selling 14,655 shares during the period. Engineers Gate Manager LP owned approximately 0.09% of Finish Line worth $508,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Quantitative Systematic Strategies LLC acquired a new stake in shares of Finish Line during the 4th quarter valued at $207,000. Assenagon Asset Management S.A. acquired a new stake in shares of Finish Line during the 4th quarter valued at $2,307,000. Unison Advisors LLC acquired a new stake in shares of Finish Line during the 4th quarter valued at $232,000. Fox Run Management L.L.C. acquired a new stake in shares of Finish Line during the 4th quarter valued at $293,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Finish Line by 23.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 782,654 shares of the specialty retailer’s stock valued at $11,372,000 after acquiring an additional 150,463 shares in the last quarter. Institutional investors own 97.98% of the company’s stock.
FINL has been the topic of several recent research reports. Zacks Investment Research raised Finish Line from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Thursday, December 28th. BidaskClub raised Finish Line from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Cowen raised Finish Line from an “underperform” rating to a “hold” rating and set a $12.00 price objective on the stock in a report on Thursday, December 21st. Canaccord Genuity set a $9.00 price objective on Finish Line and gave the company a “hold” rating in a report on Wednesday, December 20th. Finally, Deutsche Bank raised Finish Line from a “sell” rating to a “hold” rating and set a $11.00 target price on the stock in a report on Thursday, December 14th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. Finish Line currently has an average rating of “Hold” and an average price target of $11.29.
Finish Line Inc (NASDAQ FINL) opened at $10.41 on Wednesday. The stock has a market capitalization of $414.55, a PE ratio of 17.42, a PEG ratio of 1.51 and a beta of 1.15. Finish Line Inc has a 52 week low of $6.90 and a 52 week high of $18.25.
Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, beating 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%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.24) EPS. equities research analysts anticipate that Finish Line Inc will post 0.65 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 2nd will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.42%. This is an increase from Finish Line’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, March 1st. Finish Line’s payout ratio is currently -157.14%.
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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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