Finish Line Inc (NASDAQ:FINL) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 10,600,747 shares, a growth of 17.9% from the February 15th total of 8,994,156 shares. Currently, 24.4% of the company’s shares are short sold. Based on an average daily volume of 1,395,154 shares, the days-to-cover ratio is presently 7.6 days.
FINL has been the subject of several recent research reports. Buckingham Research set a $7.00 price objective on Finish Line and gave the stock a “sell” rating in a report on Monday, December 25th. Deutsche Bank raised Finish Line from a “sell” rating to a “hold” rating and set a $11.00 price objective for the company in a report on Thursday, December 14th. Zacks Investment Research upgraded Finish Line from a “sell” rating to a “hold” rating in a research report on Monday, November 20th. BidaskClub upgraded Finish Line from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. Finally, Cowen upgraded Finish Line from an “underperform” rating to a “hold” rating and set a $12.00 target price for the company in a research report on Thursday, December 21st. Five equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $10.60.
Several institutional investors have recently made changes to their positions in FINL. State Street Corp raised its stake in shares of Finish Line by 6.5% during the 2nd quarter. State Street Corp now owns 1,470,739 shares of the specialty retailer’s stock worth $20,840,000 after purchasing an additional 90,370 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Finish Line by 15.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock worth $155,000 after purchasing an additional 1,504 shares in the last quarter. Aperio Group LLC raised its stake in shares of Finish Line by 72.2% during the 3rd quarter. Aperio Group LLC now owns 21,160 shares of the specialty retailer’s stock worth $255,000 after purchasing an additional 8,869 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Finish Line during the 3rd quarter worth approximately $176,000. Finally, Prudential Financial Inc. raised its stake in shares of Finish Line by 3.3% during the 3rd quarter. Prudential Financial Inc. now owns 462,090 shares of the specialty retailer’s stock worth $5,559,000 after purchasing an additional 14,900 shares in the last quarter. Institutional investors own 88.88% of the company’s stock.
Finish Line (NASDAQ:FINL) last released its quarterly earnings results on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.10. Finish Line had a positive return on equity of 5.43% and a negative net margin of 0.62%. The firm had revenue of $378.50 million during the quarter, compared to the consensus estimate of $361.46 million. During the same quarter in the prior year, the firm posted ($0.24) EPS. The business’s revenue was up 1.8% on a year-over-year basis. equities research analysts expect that Finish Line will post 0.65 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.36%. This is a boost from Finish Line’s previous quarterly dividend of $0.11. Finish Line’s dividend payout ratio is currently 176.92%.
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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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