Traders Purchase High Volume of Call Options on The Finish Line (FINL)

The Finish Line, Inc. (NASDAQ:FINL) was the recipient of unusually large options trading on Friday. Stock investors bought 2,273 call options on the company. This is an increase of Infinity compared to the typical volume of 0 call options.

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of The Finish Line by 233.4% during the first quarter. JPMorgan Chase & Co. now owns 120,679 shares of the specialty retailer’s stock worth $1,717,000 after acquiring an additional 84,484 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of The Finish Line by 3.6% during 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 in the last quarter. Wellington Management Group LLP lifted its position in shares of The Finish Line by 38.2% during the first quarter. Wellington Management Group LLP now owns 100,333 shares of the specialty retailer’s stock worth $1,428,000 after acquiring an additional 27,733 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of The Finish Line by 4.1% during the first quarter. Teachers Advisors LLC now owns 73,151 shares of the specialty retailer’s stock worth $1,041,000 after acquiring an additional 2,850 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of The Finish Line by 0.8% during the first quarter. California Public Employees Retirement System now owns 210,059 shares of the specialty retailer’s stock worth $2,989,000 after acquiring an additional 1,700 shares in the last quarter. 98.85% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have commented on FINL. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $12.00 price objective on shares of The Finish Line in a report on Friday, September 29th. Zacks Investment Research raised The Finish Line from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Jefferies Group LLC set a $17.00 price objective on The Finish Line and gave the stock a “buy” rating in a report on Sunday, August 20th. BidaskClub raised The Finish Line from a “strong sell” rating to a “sell” rating in a report on Friday, August 4th. Finally, Canaccord Genuity reissued a “hold” rating and set a $8.00 price objective (down from $14.00) on shares of The Finish Line in a report on Tuesday, August 29th. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $10.60.

The Finish Line (NASDAQ:FINL) opened at $8.88 on Wednesday. The Finish Line has a twelve month low of $6.90 and a twelve month high of $24.50. The firm has a market capitalization of $369.30, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33.

The Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share for the quarter, beating the 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 business had revenue of $469.40 million during the quarter, compared to analyst estimates of $478.25 million. During the same period in the prior year, the company earned $0.53 earnings per share. The Finish Line’s revenue was down 3.3% compared to the same quarter last year. equities analysts anticipate that The Finish Line will post 0.53 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 24th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 4.95%. The ex-dividend date is Wednesday, November 22nd. The Finish Line’s dividend payout ratio (DPR) is -45.83%.

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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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