The Finish Line, Inc. (NASDAQ:FINL)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $11.42, but opened at $11.58. The Finish Line shares last traded at $11.48, with a volume of 723,661 shares changing hands.

Several equities analysts recently commented on FINL shares. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $12.00 price objective (up from $9.00) on shares of The Finish Line in a research report on Monday, September 25th. Deutsche Bank AG downgraded shares of The Finish Line from a “hold” rating to a “sell” rating and dropped their target price for the stock from $15.00 to $5.00 in a research report on Tuesday, August 29th. UBS AG raised shares of The Finish Line from a “neutral” rating to a “positive” rating in a research report on Wednesday, September 13th. Cowen and Company restated a “hold” rating and set a $13.00 price target on shares of The Finish Line in a research note on Sunday, September 17th. Finally, Zacks Investment Research upgraded shares of The Finish Line from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $11.48.

The stock’s market cap is $461.42 million. The stock has a 50 day moving average of $10.29 and a 200-day moving average of $13.35.

The Finish Line (NASDAQ:FINL) last issued its quarterly earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The Finish Line had a positive return on equity of 5.44% and a negative net margin of 2.13%. The firm had revenue of $469.40 million during the quarter, compared to the consensus estimate of $478.25 million. During the same period last year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, equities research analysts predict that The Finish Line, Inc. will post $0.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 25th were given a dividend of $0.11 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.83%. The Finish Line’s payout ratio is currently -45.83%.

In other news, COO Melissa A. Greenwell sold 7,525 shares of the business’s stock in a transaction dated Saturday, July 15th. The shares were sold at an average price of $22.71, for a total transaction of $170,892.75. Following the transaction, the chief operating officer now directly owns 11,862 shares in the company, valued at $269,386.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Melissa A. Greenwell sold 4,077 shares of the business’s stock in a transaction dated Saturday, July 29th. The stock was sold at an average price of $21.67, for a total transaction of $88,348.59. Following the transaction, the chief operating officer now owns 11,862 shares in the company, valued at $257,049.54. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in The Finish Line in the second quarter valued at about $102,000. State of Alaska Department of Revenue boosted its holdings in The Finish Line by 77.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock valued at $112,000 after purchasing an additional 3,464 shares in the last quarter. Eqis Capital Management Inc. purchased a new stake in The Finish Line in the 3rd quarter valued at approximately $124,000. Mason Street Advisors LLC boosted its holdings in The Finish Line by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock valued at $135,000 after purchasing an additional 620 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in The Finish Line by 7.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 650 shares during the period. 99.94% of the stock is owned by hedge funds and other institutional investors.

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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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