Finish Line, Inc. (NASDAQ:FINL) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 6,766,671 shares, a decrease of 34.5% from the April 13th total of 10,328,734 shares. Approximately 20.5% of the shares of the company are short sold. Based on an average trading volume of 954,995 shares, the days-to-cover ratio is presently 7.1 days.
Finish Line opened at $13.57 on Monday, according to Marketbeat Ratings. The firm has a market cap of $546.42 million, a price-to-earnings ratio of 19.67, a P/E/G ratio of 1.81 and a beta of 0.89. Finish Line has a 52-week low of $6.90 and a 52-week high of $15.28.
Finish Line (NASDAQ:FINL) last posted its quarterly earnings data on Thursday, March 29th. The specialty retailer reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.01. The business had revenue of $561.30 million for the quarter, compared to the consensus estimate of $575.43 million. Finish Line had a net margin of 0.78% and a return on equity of 6.32%. The company’s revenue was up .7% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. equities research analysts predict that Finish Line will post 0.7 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Shareholders of record on Friday, May 18th will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, May 17th. Finish Line’s payout ratio is 66.67%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in Finish Line during the fourth quarter valued at $167,000. Tower Research Capital LLC TRC purchased a new position in Finish Line during the fourth quarter valued at $181,000. Teacher Retirement System of Texas purchased a new position in Finish Line during the fourth quarter valued at $202,000. Quantitative Systematic Strategies LLC purchased a new position in Finish Line during the fourth quarter valued at $207,000. Finally, Unison Advisors LLC purchased a new position in Finish Line during the fourth quarter valued at $232,000. 88.40% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on FINL shares. ValuEngine upgraded shares of Finish Line from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded shares of Finish Line from a “sell” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Friday, March 2nd. B. Riley set a $13.00 price target on shares of Finish Line and gave the company a “hold” rating in a research report on Monday, March 26th. Canaccord Genuity restated a “hold” rating and set a $14.00 price target on shares of Finish Line in a research report on Monday, March 26th. Finally, BidaskClub upgraded shares of Finish Line from a “sell” rating to a “hold” rating in a research report on Tuesday, March 27th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.53.
Finish Line Company Profile
The Finish Line, Inc, together with its subsidiaries, operates as a retailer of athletic shoes, apparel, and accessories for men, women, and kids in the United States. The company offers athletic shoes, as well as an assortment of apparel and accessories of Nike, Brand Jordan, adidas, Under Armour, Puma, and other brands.
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