Tocqueville Asset Management L.P. reduced its holdings in shares of Finish Line Inc (NASDAQ:FINL) by 45.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,100 shares of the specialty retailer’s stock after selling 11,754 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Finish Line were worth $205,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its position in shares of Finish Line by 15.9% in 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 period. Municipal Employees Retirement System of Michigan boosted its position in shares of Finish Line by 27.3% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 25,960 shares of the specialty retailer’s stock valued at $312,000 after purchasing an additional 5,570 shares during the period. Aperio Group LLC boosted its position in shares of Finish Line by 72.2% in the 3rd quarter. Aperio Group LLC now owns 21,160 shares of the specialty retailer’s stock valued at $255,000 after purchasing an additional 8,869 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Finish Line by 25.9% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 44,947 shares of the specialty retailer’s stock valued at $541,000 after purchasing an additional 9,252 shares during the period. Finally, Fernwood Investment Management LLC acquired a new stake in shares of Finish Line in the 3rd quarter valued at about $120,000. 88.88% of the stock is owned by institutional investors and hedge funds.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Finish Line from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Thursday, December 28th. BidaskClub raised Finish Line from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. B. Riley upped their target price on Finish Line from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, December 28th. Buckingham Research set a $7.00 target price on Finish Line and gave the company a “sell” rating in a research report on Monday, December 25th. Finally, Deutsche Bank raised Finish Line from a “sell” rating to a “hold” rating and set a $11.00 price objective for the company in a research note on Thursday, December 14th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. Finish Line presently has an average rating of “Hold” and an average target price of $10.60.
Finish Line Inc (FINL) opened at $10.21 on Thursday. The stock has a market capitalization of $417.78, a P/E ratio of 17.56, a PEG ratio of 1.31 and a beta of 1.16. Finish Line Inc has a one year low of $6.90 and a one year high of $17.24.
Finish Line (NASDAQ:FINL) last issued its 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 business had revenue of $378.50 million during 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 company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.24) EPS. analysts anticipate that Finish Line Inc will post 0.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.51%. 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 dividend payout ratio is -164.28%.
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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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