Tocqueville Asset Management L.P. cut 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,100 shares of the specialty retailer’s stock after selling 11,754 shares during the period. Tocqueville Asset Management L.P.’s holdings in Finish Line were worth $205,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the business. State Street Corp raised its position in shares of Finish Line by 6.5% during the 2nd quarter. State Street Corp now owns 1,470,739 shares of the specialty retailer’s stock valued at $20,840,000 after buying an additional 90,370 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings 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. Aperio Group LLC grew its holdings in Finish Line by 72.2% in the 3rd quarter. Aperio Group LLC now owns 21,160 shares of the specialty retailer’s stock worth $255,000 after acquiring an additional 8,869 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in Finish Line in the 3rd quarter worth $176,000. Finally, Prudential Financial Inc. grew its holdings in Finish Line by 3.3% in the 3rd quarter. Prudential Financial Inc. now owns 462,090 shares of the specialty retailer’s stock worth $5,559,000 after acquiring an additional 14,900 shares during the last quarter. 88.62% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on FINL. B. Riley reissued a “neutral” rating and issued a $10.00 price target on shares of Finish Line in a report on Friday, December 22nd. ValuEngine raised shares of Finish Line from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised shares of Finish Line from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Thursday, December 28th. Susquehanna Bancshares cut shares of Finish Line from a “positive” rating to a “neutral” rating in a research report on Monday, March 26th. Finally, UBS raised shares of Finish Line from a “neutral” rating to a “positive” rating in a report on Monday, February 26th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $11.53.
NASDAQ FINL opened at $13.51 on Friday. The stock has a market capitalization of $551.26, a PE ratio of 19.58, a P/E/G ratio of 1.83 and a beta of 0.89. Finish Line Inc has a 12 month low of $6.90 and a 12 month high of $16.38.
Finish Line (NASDAQ:FINL) last issued its earnings results on Thursday, March 29th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.01. The company had revenue of $561.30 million for the quarter, compared to analysts’ expectations of $575.43 million. Finish Line had a net margin of 0.78% and a return on equity of 6.32%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. research analysts predict that Finish Line Inc will post 0.7 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 19th. Investors of record on Friday, March 2nd were given a $0.115 dividend. This is a positive change from Finish Line’s previous quarterly dividend of $0.11. This represents a $0.46 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Thursday, March 1st. Finish Line’s dividend payout ratio (DPR) is presently 66.67%.
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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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