Finish Line Inc (NASDAQ:FINL) declared a quarterly dividend on Thursday, April 13th. Investors of record on Friday, May 26th will be paid a dividend of 0.11 per share by the specialty retailer on Monday, June 12th. This represents a $0.44 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Wednesday, May 24th.
Finish Line (NASDAQ:FINL) opened at 14.17 on Tuesday. Finish Line has a one year low of $12.46 and a one year high of $24.52. The company’s market cap is $571.80 million. The company has a 50-day moving average of $14.95 and a 200-day moving average of $17.86.
Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, March 24th. The specialty retailer reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.20. The business had revenue of $557.50 million for the quarter, compared to the consensus estimate of $544.88 million. Finish Line had a negative net margin of 0.25% and a positive return on equity of 11.57%. Finish Line’s revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 EPS. Equities research analysts expect that Finish Line will post $1.15 EPS for the current fiscal year.
In other news, COO Melissa A. Greenwell sold 4,077 shares of the firm’s stock in a transaction dated Saturday, July 29th. The stock was sold at an average price of $21.67, for a total value of $88,348.59. Following the transaction, the chief operating officer now owns 11,862 shares of the company’s stock, valued at $257,049.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Melissa A. Greenwell sold 7,525 shares of the firm’s stock in a transaction dated Saturday, July 15th. The stock was sold at an average price of $22.71, for a total value of $170,892.75. Following the completion of the transaction, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $269,386.02. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp increased its position in Finish Line by 17.3% in the first quarter. State Street Corp now owns 1,380,369 shares of the specialty retailer’s stock valued at $19,640,000 after buying an additional 203,325 shares during the period. Geode Capital Management LLC increased its position in Finish Line by 5.7% in the first quarter. Geode Capital Management LLC now owns 335,248 shares of the specialty retailer’s stock valued at $4,770,000 after buying an additional 17,951 shares during the period. Finally, Teachers Advisors LLC increased its position in Finish Line by 4.1% in the first quarter. Teachers Advisors LLC now owns 73,151 shares of the specialty retailer’s stock valued at $1,041,000 after buying an additional 2,850 shares during the period.
A number of equities analysts recently commented on the company. Jefferies Group LLC set a $19.00 target price on Finish Line and gave the company a “buy” rating in a report on Saturday, March 25th. B. Riley restated a “neutral” rating and set a $20.00 target price on shares of Finish Line in a report on Wednesday, March 22nd. Monness Crespi & Hardt upgraded Finish Line from a “neutral” rating to a “buy” rating and upped their target price for the company from $14.09 to $17.00 in a report on Monday. They noted that the move was a valuation call. FBR & Co decreased their target price on Finish Line from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, March 27th. Finally, Zacks Investment Research cut Finish Line from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 29th. One analyst has rated the stock with a sell rating, eighteen have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.33.
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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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