Schwab Charles Investment Management Inc. lifted its position in shares of The Finish Line, Inc. (NASDAQ:FINL) by 19.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 488,067 shares of the specialty retailer’s stock after purchasing an additional 79,086 shares during the period. Schwab Charles Investment Management Inc. owned 1.22% of The Finish Line worth $6,916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp raised its position in The Finish Line by 17.3% in the first quarter. State Street Corp now owns 1,380,369 shares of the specialty retailer’s stock worth $19,640,000 after acquiring an additional 203,325 shares during the period. Bank of America Corp DE raised its position in The Finish Line by 388.8% in the first quarter. Bank of America Corp DE now owns 541,195 shares of the specialty retailer’s stock worth $7,702,000 after acquiring an additional 430,476 shares during the period. Canada Pension Plan Investment Board raised its position in The Finish Line by 8.6% in the second quarter. Canada Pension Plan Investment Board now owns 392,608 shares of the specialty retailer’s stock worth $5,563,000 after acquiring an additional 31,200 shares during the period. Geode Capital Management LLC raised its position in The Finish Line by 5.7% in the first quarter. Geode Capital Management LLC now owns 335,248 shares of the specialty retailer’s stock worth $4,770,000 after acquiring an additional 17,951 shares during the period. Finally, Principal Financial Group Inc. raised its position in The Finish Line by 3.6% in the first quarter. Principal Financial Group Inc. now owns 309,072 shares of the specialty retailer’s stock worth $4,398,000 after acquiring an additional 10,823 shares during the period. 99.97% of the stock is currently owned by institutional investors.

The Finish Line, Inc. (NASDAQ:FINL) opened at 11.44 on Monday. The stock’s market cap is $459.81 million. The stock has a 50 day moving average of $10.15 and a 200 day moving average of $13.24. The Finish Line, Inc. has a 1-year low of $6.90 and a 1-year high of $24.50.

The Finish Line (NASDAQ:FINL) last issued its quarterly earnings data 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 negative net margin of 2.13% and a positive return on equity of 5.44%. The firm had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $478.25 million. During the same quarter in the prior year, the business earned $0.53 EPS. The business’s quarterly revenue was down 3.3% on a year-over-year basis. Equities analysts anticipate that The Finish Line, Inc. will post $0.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 25th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Wednesday, August 23rd. The Finish Line’s dividend payout ratio (DPR) is presently -45.83%.

Several brokerages have commented on FINL. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and issued a $12.00 price objective on shares of The Finish Line in a research report on Friday, September 29th. Zacks Investment Research raised shares of The Finish Line from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Jefferies Group LLC set a $17.00 price objective on shares of The Finish Line and gave the stock a “buy” rating in a research report on Sunday, August 20th. BidaskClub raised shares of The Finish Line from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $8.00 price objective (down previously from $14.00) on shares of The Finish Line in a research report on Tuesday, August 29th. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the stock. The Finish Line presently has a consensus rating of “Hold” and a consensus price target of $10.85.

In other news, COO Melissa A. Greenwell sold 4,077 shares of the 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 owns 11,862 shares in the company, valued at approximately $257,049.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Melissa A. Greenwell sold 7,525 shares of the stock in a transaction that occurred on Saturday, July 15th. The stock was 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 owns 11,862 shares in the company, valued at approximately $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is owned by corporate insiders.

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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.

Institutional Ownership by Quarter for The Finish Line (NASDAQ:FINL)

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