Bank of New York Mellon Corp lowered its stake in Finish Line Inc (NASDAQ:FINL) by 6.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 633,026 shares of the specialty retailer’s stock after selling 40,548 shares during the quarter. Bank of New York Mellon Corp owned about 1.56% of Finish Line worth $7,615,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Finish Line during the 2nd quarter valued at about $102,000. Eqis Capital Management Inc. bought a new position in Finish Line during the 3rd quarter valued at about $124,000. Public Employees Retirement System of Ohio grew its holdings in 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 bought a new position in Finish Line in the 2nd quarter worth about $174,000. Finally, Crossmark Global Holdings Inc. bought a new position in Finish Line in the 3rd quarter worth about $176,000. Institutional investors and hedge funds own 99.96% of the company’s stock.
Finish Line Inc (NASDAQ:FINL) opened at $13.55 on Friday. Finish Line Inc has a one year low of $6.90 and a one year high of $18.30. The stock has a market cap of $534.98, a P/E ratio of 52.12, a PEG ratio of 1.92 and a beta of 1.37.
Finish Line (NASDAQ:FINL) last released its quarterly earnings data on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.36) by $0.10. Finish Line had a negative net margin of 0.62% and a positive return on equity of 5.43%. The firm had revenue of $378.50 million for the quarter, compared to the consensus estimate of $361.46 million. During the same period last year, the firm earned ($0.24) earnings per share. The company’s quarterly revenue was up 1.8% on a year-over-year basis. equities analysts expect that Finish Line Inc will post 0.65 EPS for the current fiscal year.
A number of equities analysts have commented on FINL shares. Cowen restated a “hold” rating and issued a $13.00 target price on shares of Finish Line in a research note on Sunday, September 17th. Piper Jaffray Companies restated an “underweight” rating and issued a $8.00 target price on shares of Finish Line in a research note on Monday, September 18th. Zacks Investment Research upgraded shares of Finish Line from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. FBR & Co restated a “hold” rating and issued a $9.00 target price on shares of Finish Line in a research note on Friday, September 22nd. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $12.00 target price (up from $9.00) on shares of Finish Line in a research note on Monday, September 25th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $11.29.
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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