Chicago Equity Partners LLC acquired a new position in Finish Line, Inc. (NASDAQ:FINL) during the first quarter, HoldingsChannel.com reports. The firm acquired 114,364 shares of the specialty retailer’s stock, valued at approximately $1,548,000.
Other hedge funds have also modified their holdings of the company. Virtu Financial LLC purchased a new stake in shares of Finish Line in the fourth quarter worth $167,000. Tower Research Capital LLC TRC purchased a new stake in shares of Finish Line in the fourth quarter worth $181,000. Teacher Retirement System of Texas purchased a new stake in shares of Finish Line in the fourth quarter worth $202,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Finish Line in the fourth quarter worth $207,000. Finally, Unison Advisors LLC purchased a new stake in shares of Finish Line in the fourth quarter worth $232,000. Institutional investors own 86.63% of the company’s stock.
A number of equities research analysts recently issued reports on the company. Canaccord Genuity reiterated a “hold” rating and issued a $14.00 price objective on shares of Finish Line in a research report on Monday, March 26th. B. Riley set a $13.00 price objective on Finish Line and gave the stock a “hold” rating in a research report on Monday, March 26th. Buckingham Research upgraded Finish Line from an “underperform” rating to a “neutral” rating and lowered their price objective for the stock from $10.00 to $7.00 in a research report on Wednesday, February 21st. They noted that the move was a valuation call. Citigroup upgraded Finish Line from a “sell” rating to a “neutral” rating and raised their price target for the company from $10.00 to $13.50 in a research report on Tuesday, March 27th. Finally, BidaskClub downgraded Finish Line from a “hold” rating to a “sell” rating in a research report on Saturday, May 12th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.53.
Finish Line opened at $13.44 on Friday, according to MarketBeat. The stock has a market capitalization of $546.82 million, a PE ratio of 19.48, a P/E/G ratio of 1.81 and a beta of 0.89. Finish Line, Inc. has a 12 month low of $13.55 and a 12 month high of $13.60.
Finish Line (NASDAQ:FINL) last released its quarterly earnings data on Thursday, March 29th. The specialty retailer reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.01. The firm had revenue of $561.30 million for the quarter, compared to the consensus estimate of $575.43 million. Finish Line had a return on equity of 6.32% and a net margin of 0.78%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 earnings per share. research analysts expect that Finish Line, Inc. will post 0.7 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Friday, May 18th will be issued a $0.115 dividend. The ex-dividend date of this dividend is Thursday, May 17th. This represents a $0.46 annualized dividend and a dividend yield of 3.42%. Finish Line’s dividend payout ratio is currently 66.67%.
Finish Line Company Profile
The Finish Line, Inc, together with its subsidiaries, operates as a retailer of athletic shoes, apparel, and accessories for men, women, and kids in the United States. The company offers athletic shoes, as well as an assortment of apparel and accessories of Nike, Brand Jordan, adidas, Under Armour, Puma, and other brands.
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