Short Interest in The Finish Line, Inc. (FINL) Rises By 27.5%

The Finish Line, Inc. (NASDAQ:FINL) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 7,596,393 shares, a growth of 27.5% from the May 15th total of 5,958,457 shares. Currently, 19.3% of the shares of the stock are sold short. Based on an average trading volume of 1,688,879 shares, the short-interest ratio is currently 4.5 days.

FINL has been the topic of a number of research analyst reports. Zacks Investment Research lowered The Finish Line from a “hold” rating to a “sell” rating in a research note on Thursday, March 2nd. Mizuho lowered The Finish Line from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $23.00 to $18.00 in a research note on Thursday, March 9th. Wedbush reaffirmed a “neutral” rating and issued a $18.00 price target (down from $20.00) on shares of The Finish Line in a research note on Friday, March 17th. Canaccord Genuity reaffirmed a “hold” rating and issued a $18.00 price target on shares of The Finish Line in a research note on Tuesday, March 21st. Finally, B. Riley reaffirmed a “neutral” rating and issued a $20.00 price target on shares of The Finish Line in a research note on Wednesday, March 22nd. Nineteen research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.33.

In other news, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line stock in a transaction that occurred on Saturday, July 15th. The stock was sold at an average price of $22.71, for a total value of $170,892.75. Following the sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at $269,386.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction that occurred on Saturday, July 29th. The stock was sold at an average price of $21.67, for a total value of $88,348.59. Following the completion of the sale, the chief operating officer now directly owns 11,862 shares in the company, valued at $257,049.54. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Large investors have recently bought and sold shares of the company. LSV Asset Management boosted its position in shares of The Finish Line by 10.6% in the first quarter. LSV Asset Management now owns 2,044,159 shares of the specialty retailer’s stock worth $29,088,000 after buying an additional 195,891 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of The Finish Line by 2,410.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 554,857 shares of the specialty retailer’s stock worth $10,437,000 after buying an additional 532,759 shares during the last quarter. Quantbot Technologies LP boosted its position in shares of The Finish Line by 359.1% in the first quarter. Quantbot Technologies LP now owns 63,173 shares of the specialty retailer’s stock worth $898,000 after buying an additional 49,413 shares during the last quarter. Foundry Partners LLC boosted its position in shares of The Finish Line by 12.6% in the first quarter. Foundry Partners LLC now owns 163,688 shares of the specialty retailer’s stock worth $2,329,000 after buying an additional 18,343 shares during the last quarter. Finally, Allianz Asset Management AG boosted its position in shares of The Finish Line by 1,365.6% in the fourth quarter. Allianz Asset Management AG now owns 216,441 shares of the specialty retailer’s stock worth $4,071,000 after buying an additional 201,673 shares during the last quarter.

Shares of The Finish Line (NASDAQ FINL) opened at 13.75 on Friday. The Finish Line has a 52-week low of $12.46 and a 52-week high of $24.52. The firm has a 50-day moving average price of $14.57 and a 200-day moving average price of $16.86. The stock’s market cap is $554.85 million.

The Finish Line (NASDAQ:FINL) last posted its quarterly earnings data on Friday, March 24th. The specialty retailer reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by $0.20. The Finish Line had a positive return on equity of 8.71% and a negative net margin of 0.96%. The business had revenue of $557.50 million for the quarter, compared to analyst estimates of $544.88 million. During the same quarter last year, the business earned $0.83 EPS. The Finish Line’s revenue for the quarter was down .4% compared to the same quarter last year. On average, analysts anticipate that The Finish Line will post $1.15 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Friday, May 26th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Wednesday, May 24th. The Finish Line’s dividend payout ratio (DPR) is -95.65%.

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About The 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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