Arizona State Retirement System Trims Stake in The Finish Line, Inc. (FINL)

Arizona State Retirement System trimmed its stake in shares of The Finish Line, Inc. (NASDAQ:FINL) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,019 shares of the specialty retailer’s stock after selling 100 shares during the period. Arizona State Retirement System owned about 0.05% of The Finish Line worth $298,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Boston Partners lifted its position in shares of The Finish Line by 2.7% during the 2nd quarter. Boston Partners now owns 1,794,536 shares of the specialty retailer’s stock valued at $25,429,000 after acquiring an additional 47,012 shares during the period. State Street Corp lifted its position in shares of The Finish Line by 17.3% during the 1st quarter. State Street Corp now owns 1,380,369 shares of the specialty retailer’s stock valued at $19,640,000 after acquiring an additional 203,325 shares during the period. Bank of America Corp DE lifted its position in shares of The Finish Line by 388.8% during the 1st quarter. Bank of America Corp DE now owns 541,195 shares of the specialty retailer’s stock valued at $7,702,000 after acquiring an additional 430,476 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of The Finish Line by 19.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 488,067 shares of the specialty retailer’s stock valued at $6,916,000 after acquiring an additional 79,086 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in shares of The Finish Line by 8.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 392,608 shares of the specialty retailer’s stock valued at $5,563,000 after acquiring an additional 31,200 shares during the period. Institutional investors own 99.94% of the company’s stock.

In related news, COO Melissa A. Greenwell sold 4,077 shares of the company’s 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 completion of the sale, the chief operating officer now owns 11,862 shares in the company, valued at approximately $257,049.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Melissa A. Greenwell sold 7,525 shares of the company’s stock in a transaction that occurred on Saturday, July 15th. The shares were sold at an average price of $22.71, for a total transaction of $170,892.75. Following the completion of the sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by corporate insiders.

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A number of equities research analysts have recently issued reports on the stock. Piper Jaffray Companies set a $13.00 price target on shares of The Finish Line and gave the company a “hold” rating in a research report on Saturday, June 24th. BidaskClub upgraded shares of The Finish Line from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Jefferies Group LLC set a $13.00 price target on shares of The Finish Line and gave the company a “buy” rating in a research report on Tuesday, August 29th. Bank of America Corporation reiterated a “neutral” rating and set a $14.00 price target (down from $16.00) on shares of The Finish Line in a research report on Monday, June 26th. Finally, UBS AG reiterated a “sell” rating and set a $9.00 price target (down from $14.00) on shares of The Finish Line in a research report on Monday, August 21st. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $11.79.

The Finish Line, Inc. (NASDAQ:FINL) opened at 9.30 on Monday. The firm’s market capitalization is $373.36 million. The firm has a 50-day moving average price of $11.78 and a 200 day moving average price of $14.11. The Finish Line, Inc. has a one year low of $6.90 and a one year high of $24.50.

The Finish Line (NASDAQ:FINL) last issued its quarterly earnings results on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The business had revenue of $429.80 million during the quarter, compared to the consensus estimate of $433.97 million. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.23 EPS. Equities research analysts anticipate that The Finish Line, Inc. will post $0.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 25th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.44 annualized dividend and a dividend yield of 4.73%. The Finish Line’s dividend payout ratio (DPR) is presently -89.80%.

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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