Sports Direct International Plc

recently revealed that they own 35% of The Finish Line, Inc. (NASDAQ:FINL) in a Form 13D/A disclosure that was filed with the SEC on Monday, November 20th. The investor owns 14,074,181 shares of the stock valued at about $137,082,523. The filing is available through Edgar at this hyperlink.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in The Finish Line in the second quarter valued at approximately $102,000. State of Alaska Department of Revenue grew its holdings in The Finish Line by 77.0% in the second 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 during the period. Public Employees Retirement System of Ohio grew its holdings in The Finish Line by 7.4% in the first quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock valued at $135,000 after purchasing an additional 650 shares during the period. FNY Managed Accounts LLC grew its holdings in The Finish Line by 5,100.0% in the third quarter. FNY Managed Accounts LLC now owns 10,000 shares of the specialty retailer’s stock valued at $120,000 after purchasing an additional 10,200 shares during the period. Finally, Fernwood Investment Management LLC acquired a new stake in The Finish Line in the third quarter valued at approximately $120,000. 99.94% of the stock is currently owned by institutional investors.

A number of analysts have recently issued reports on the company. Robert W. Baird lowered The Finish Line to a “neutral” rating and lowered their price target for the stock from $15.00 to $8.00 in a research note on Tuesday, August 29th. They noted that the move was a valuation call. Susquehanna Bancshares Inc lowered The Finish Line from a “positive” rating to a “neutral” rating in a research note on Monday, October 2nd. Cowen and Company set a $10.00 price target on The Finish Line and gave the stock a “hold” rating in a research note on Monday, October 23rd. UBS AG reaffirmed a “sell” rating and issued a $9.00 price target (down from $14.00) on shares of The Finish Line in a research note on Monday, August 21st. Finally, Wells Fargo & Company lowered their price target on The Finish Line from $12.00 to $9.00 and set a “market perform” rating on the stock in a research note on Sunday, October 1st. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has given a buy rating to the stock. The Finish Line has an average rating of “Hold” and a consensus price target of $10.70.

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The Finish Line, Inc. (NASDAQ FINL) traded up $0.67 during trading hours on Monday, reaching $9.74. The company’s stock had a trading volume of 2,732,000 shares, compared to its average volume of 1,831,477. The Finish Line, Inc. has a 12 month low of $6.90 and a 12 month high of $24.50. The stock has a market capitalization of $401.14, a P/E ratio of 15.97, a P/E/G ratio of 1.81 and a beta of 1.33.

The Finish Line (NASDAQ:FINL) last posted its earnings results on Friday, September 22nd. The specialty retailer reported $0.12 EPS for the quarter, beating the Zacks’ 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 company had revenue of $469.40 million for the quarter, compared to the consensus estimate of $478.25 million. During the same quarter in the previous year, the business earned $0.53 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. research analysts anticipate that The Finish Line, Inc. will post 0.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 24th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $0.44 dividend on an annualized basis and a yield of 4.52%. The Finish Line’s dividend payout ratio is currently 137.50%.

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

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