The Finish Line, Inc. (NASDAQ:FINL) was up 6.5% on Wednesday . The stock traded as high as $10.66 and last traded at $10.37. Approximately 3,639,652 shares were traded during mid-day trading, an increase of 69% from the average daily volume of 2,150,650 shares. The stock had previously closed at $9.74.

Several equities research analysts have recently weighed in on FINL shares. FBR & Co reiterated a “buy” rating and issued a $22.00 price objective on shares of The Finish Line in a research note on Tuesday, June 27th. Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 price objective on shares of The Finish Line in a research note on Friday, June 23rd. Monness Crespi & Hardt upgraded The Finish Line from a “neutral” rating to a “buy” rating and upped their price objective for the company from $14.09 to $17.00 in a research note on Monday, May 22nd. They noted that the move was a valuation call. Barclays PLC reiterated an “equal weight” rating and issued a $15.00 price objective (down from $18.00) on shares of The Finish Line in a research note on Tuesday, August 29th. Finally, Morgan Stanley lowered their price objective on The Finish Line from $13.50 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $11.85.

The stock’s market cap is $416.31 million. The stock has a 50-day moving average of $11.54 and a 200-day moving average of $13.95.

The Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $429.80 million for the quarter, compared to analysts’ expectations of $433.97 million. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. On average, analysts expect that The Finish Line, Inc. will post $0.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 25th were paid a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 4.24%. The Finish Line’s dividend payout ratio (DPR) is -89.80%.

In related news, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction that occurred on Saturday, July 29th. The shares were sold at an average price of $21.67, for a total value of $88,348.59. Following the transaction, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at $257,049.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line stock in a transaction that occurred on Saturday, July 15th. The shares were sold at an average price of $22.71, for a total transaction 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 $269,386.02. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

A number of large investors have recently made changes to their positions in FINL. Louisiana State Employees Retirement System increased its stake in The Finish Line by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the specialty retailer’s stock valued at $235,000 after acquiring an additional 200 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in The Finish Line by 19.7% in the first quarter. Canada Pension Plan Investment Board now owns 361,408 shares of the specialty retailer’s stock valued at $5,143,000 after acquiring an additional 59,500 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in The Finish Line by 4.5% in the first quarter. Great West Life Assurance Co. Can now owns 55,798 shares of the specialty retailer’s stock valued at $794,000 after acquiring an additional 2,405 shares during the last quarter. First Trust Advisors LP increased its stake in The Finish Line by 87.1% in the first quarter. First Trust Advisors LP now owns 59,019 shares of the specialty retailer’s stock valued at $840,000 after acquiring an additional 27,469 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in The Finish Line by 1.7% in the first quarter. American Century Companies Inc. now owns 156,144 shares of the specialty retailer’s stock valued at $2,222,000 after acquiring an additional 2,553 shares during the last quarter. 99.94% of the stock is currently owned by institutional investors and hedge funds.

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The 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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