The Finish Line Inc. (FINL) Director Norman H. Gurwitz Sells 3,000 Shares
The Finish Line Inc. (NASDAQ:FINL) Director Norman H. Gurwitz sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $22.41, for a total transaction of $67,230.00. Following the completion of the sale, the director now directly owns 5,518 shares in the company, valued at $123,658.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
The Finish Line Inc. (NASDAQ:FINL) opened at 22.34 on Friday. The company’s 50 day moving average is $23.40 and its 200-day moving average is $20.79. The stock has a market cap of $906.16 million, a PE ratio of 70.70 and a beta of 0.99. The Finish Line Inc. has a 52-week low of $15.37 and a 52-week high of $24.52.
The Finish Line (NASDAQ:FINL) last released its quarterly earnings data on Friday, September 23rd. The company reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. The firm had revenue of $509.40 million for the quarter. The Finish Line had a net margin of 0.72% and a return on equity of 8.83%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 EPS. On average, equities analysts anticipate that The Finish Line Inc. will post $1.54 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 26th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Wednesday, August 24th. The Finish Line’s dividend payout ratio is currently 108.11%.
Hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its stake in The Finish Line by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,256 shares of the company’s stock worth $126,000 after buying an additional 760 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of The Finish Line by 95.6% in the second quarter. Meeder Asset Management Inc. now owns 7,015 shares of the company’s stock valued at $142,000 after buying an additional 3,429 shares during the period. Invictus RG acquired a new stake in shares of The Finish Line during the first quarter valued at about $163,000. Mason Street Advisors LLC acquired a new stake in shares of The Finish Line during the second quarter valued at about $167,000. Finally, Societe Generale acquired a new stake in shares of The Finish Line during the second quarter valued at about $184,000.
Several equities research analysts have commented on the stock. Brean Capital reaffirmed a “buy” rating and issued a $24.00 price target on shares of The Finish Line in a report on Monday. Citigroup Inc. upped their price target on shares of The Finish Line from $24.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, September 27th. Barclays PLC reaffirmed an “equal weight” rating and issued a $18.00 price target on shares of The Finish Line in a report on Monday, September 26th. Bank of America Corp. reissued a “buy” rating and set a $26.00 target price on shares of The Finish Line in a research note on Monday, September 26th. Finally, Monness Crespi & Hardt increased their target price on shares of The Finish Line from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Monday, September 26th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.75.
About The Finish Line
Finish Line, Inc is a specialty retailer. The Company operates two retail divisions: the Finish Line and JackRabbit brands. Finish Line is a retailer of athletic shoes, apparel and accessories. The Company operates approximately 590 Finish Line stores, which average over 5,550 square feet, in approximately 40 United States’ states and Puerto Rico.
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