Nationwide Fund Advisors reduced its holdings in Finish Line Inc (NASDAQ:FINL) by 67.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,552 shares of the specialty retailer’s stock after selling 54,174 shares during the quarter. Nationwide Fund Advisors owned approximately 0.07% of Finish Line worth $319,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Eqis Capital Management Inc. acquired a new position in Finish Line during the 3rd quarter worth $124,000. Public Employees Retirement System of Ohio raised its position 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 acquiring an additional 1,504 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of Finish Line during the 2nd quarter valued at $242,000. 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 acquiring an additional 90,370 shares during the last quarter. Finally, Gotham Asset Management LLC bought a new stake in shares of Finish Line in the 2nd quarter valued at $452,000.
A number of equities analysts have issued reports on the company. Susquehanna Bancshares reiterated a “neutral” rating and set a $12.00 target price on shares of Finish Line in a report on Friday, September 29th. Zacks Investment Research upgraded shares of Finish Line from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. B. Riley restated a “neutral” rating and set a $10.00 price objective on shares of Finish Line in a research note on Friday, December 22nd. Wells Fargo & Co reiterated 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. Finally, Cowen upgraded shares of Finish Line from an “underperform” rating to a “hold” rating and set a $12.00 target price for the company in a research note on Thursday, December 21st. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $11.29.
Finish Line Inc (FINL) opened at $13.20 on Friday. The company has a market cap of $530.56, a price-to-earnings ratio of 50.77, a PEG ratio of 1.90 and a beta of 1.37. Finish Line Inc has a fifty-two week low of $6.90 and a fifty-two week high of $18.30.
Finish Line (NASDAQ:FINL) last issued its quarterly earnings results on Thursday, December 21st. The specialty retailer reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.10. The company had revenue of $378.50 million for the quarter, compared to analyst estimates of $361.46 million. Finish Line had a negative net margin of 0.62% and a positive return on equity of 5.43%. Finish Line’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.24) earnings per share. equities research analysts expect that Finish Line Inc will post 0.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Investors of record on Friday, March 2nd will be issued a $0.115 dividend. This is a positive change from Finish Line’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, March 1st. This represents a $0.46 annualized dividend and a yield of 3.48%. Finish Line’s payout ratio is presently 169.23%.
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About Finish Line
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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