The Finish Line Inc. (NASDAQ:FINL) announced a quarterly dividend on Thursday, October 13th. Stockholders of record on Friday, November 25th will be paid a dividend of 0.10 per share on Monday, December 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.84%.

Shares of The Finish Line (NASDAQ:FINL) opened at 21.71 on Friday. The Finish Line has a 52 week low of $15.37 and a 52 week high of $24.52. The stock’s 50 day moving average is $23.14 and its 200-day moving average is $20.88. The company has a market cap of $880.60 million, a price-to-earnings ratio of 68.70 and a beta of 0.99.

The Finish Line (NASDAQ:FINL) last issued its earnings results on Friday, September 23rd. The company reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.53. The Finish Line had a net margin of 0.72% and a return on equity of 8.83%. The firm earned $509.40 million during the quarter. During the same quarter in the prior year, the company posted $0.57 EPS. The Finish Line’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that The Finish Line will post $1.54 earnings per share for the current year.

Dividend History for The Finish Line (NASDAQ:FINL)

In other The Finish Line news, Director Stephen Goldsmith sold 4,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $21.73, for a total transaction of $86,920.00. Following the completion of the transaction, the director now owns 36,651 shares in the company, valued at approximately $796,426.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Norman H. Gurwitz sold 3,000 shares of the business’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $22.41, for a total value of $67,230.00. Following the transaction, the director now owns 5,518 shares of the company’s stock, valued at approximately $123,658.38. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of The Finish Line by 0.7% in the second quarter. Vanguard Group Inc. now owns 3,414,977 shares of the company’s stock worth $68,948,000 after buying an additional 23,710 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of The Finish Line by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,155,221 shares of the company’s stock worth $23,324,000 after buying an additional 12,005 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of The Finish Line by 21.0% in the second quarter. Parametric Portfolio Associates LLC now owns 408,749 shares of the company’s stock worth $8,253,000 after buying an additional 71,077 shares during the period. Comerica Bank raised its position in shares of The Finish Line by 276.8% in the second quarter. Comerica Bank now owns 172,419 shares of the company’s stock worth $3,760,000 after buying an additional 126,658 shares during the period. Finally, Bridgeway Capital Management Inc. raised its position in shares of The Finish Line by 23.7% in the second quarter. Bridgeway Capital Management Inc. now owns 156,600 shares of the company’s stock worth $3,162,000 after buying an additional 30,000 shares during the period.

A number of equities analysts recently weighed in on FINL shares. Brean Capital restated a “buy” rating on shares of The Finish Line in a research report on Thursday, June 16th. Barclays PLC reiterated an “equal weight” rating and set a $18.00 price objective on shares of The Finish Line in a research report on Saturday, June 18th. BB&T Corp. reiterated a “buy” rating and set a $24.00 price objective on shares of The Finish Line in a research report on Monday, June 20th. Piper Jaffray Cos. reiterated a “neutral” rating and set a $18.00 price objective on shares of The Finish Line in a research report on Monday, June 20th. Finally, Buckingham Research reiterated a “buy” rating and set a $25.00 price objective on shares of The Finish Line in a research report on Tuesday, June 21st. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently 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.

5 Day Chart for NASDAQ:FINL

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