Sports Direct International Plc Maintains Stake in The Finish Line, Inc. (FINL)
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.
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.
Want to see what other hedge funds are holding FINL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Finish Line, Inc. (NASDAQ:FINL).
Receive News & Stock Ratings for The Finish Line Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Finish Line Inc. and related stocks with our FREE daily email newsletter.