Insider Selling: The Finish Line Inc. (FINL) Director Sells $67,230.00 in Stock
The Finish Line Inc. (NASDAQ:FINL) Director Norman H. Gurwitz sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $22.41, for a total value of $67,230.00. Following the sale, the director now directly owns 5,518 shares in the company, valued at $123,658.38. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of The Finish Line Inc. (NASDAQ:FINL) opened at 22.05 on Wednesday. The Finish Line Inc. has a 52 week low of $15.37 and a 52 week high of $24.52. The stock has a market capitalization of $894.39 million, a PE ratio of 69.78 and a beta of 0.99. The company’s 50 day moving average price is $23.27 and its 200-day moving average price is $20.86.
The Finish Line (NASDAQ:FINL) last released its quarterly earnings results on Friday, September 23rd. The company reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. The business had revenue of $509.40 million for the quarter. The Finish Line had a return on equity of 8.83% and a net margin of 0.72%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. Equities research analysts predict that The Finish Line Inc. will post $1.54 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 26th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Wednesday, August 24th. The Finish Line’s dividend payout ratio is currently 108.11%.
FINL has been the topic of several recent research reports. Brean Capital reaffirmed a “buy” rating and set a $24.00 price objective on shares of The Finish Line in a report on Monday, June 27th. Jefferies Group reaffirmed a “buy” rating and set a $25.00 price objective (up from $24.00) on shares of The Finish Line in a report on Monday, June 27th. B. Riley reaffirmed a “buy” rating and set a $22.00 price objective on shares of The Finish Line in a report on Monday, June 27th. Buckingham Research reaffirmed a “buy” rating and set a $25.00 price objective on shares of The Finish Line in a report on Tuesday, June 21st. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $23.00 price objective on shares of The Finish Line in a report on Wednesday, June 22nd. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The Finish Line has a consensus rating of “Hold” and a consensus price target of $22.75.
Several large investors have recently added to or reduced their stakes in FINL. Teacher Retirement System of Texas boosted its stake in The Finish Line by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,256 shares of the company’s stock worth $126,000 after buying an additional 760 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of The Finish Line by 95.6% in the second quarter. Meeder Asset Management Inc. now owns 7,015 shares of the company’s stock worth $142,000 after buying an additional 3,429 shares during the period. Invictus RG bought a new stake in shares of The Finish Line during the first quarter worth approximately $163,000. Mason Street Advisors LLC bought a new stake in shares of The Finish Line during the second quarter worth approximately $167,000. Finally, Societe Generale bought a new stake in shares of The Finish Line during the second quarter worth approximately $184,000.
The Finish Line Company Profile
Finish Line, Inc is a specialty retailer. The Company operates two retail divisions: the Finish Line and JackRabbit brands. Finish Line is a retailer of athletic shoes, apparel and accessories. The Company operates approximately 590 Finish Line stores, which average over 5,550 square feet, in approximately 40 United States’ states and Puerto Rico.
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