TIAA CREF Investment Management LLC decreased its stake in The Finish Line, Inc. (NASDAQ:FINL) by 41.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,220 shares of the specialty retailer’s stock after selling 107,676 shares during the period. TIAA CREF Investment Management LLC’s holdings in The Finish Line were worth $2,166,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Mason Street Advisors LLC increased its stake in shares of The Finish Line by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 620 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of The Finish Line during the first quarter valued at $198,000. Louisiana State Employees Retirement System increased its stake in shares of The Finish Line by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the specialty retailer’s stock valued at $235,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System increased its stake in shares of The Finish Line by 1.0% in the first quarter. Arizona State Retirement System now owns 21,119 shares of the specialty retailer’s stock valued at $301,000 after buying an additional 200 shares during the last quarter. Finally, Tocqueville Asset Management L.P. increased its stake in shares of The Finish Line by 78.2% in the first quarter. Tocqueville Asset Management L.P. now owns 23,700 shares of the specialty retailer’s stock valued at $337,000 after buying an additional 10,400 shares during the last quarter.

The Finish Line, Inc. (FINL) opened at 13.77 on Friday. The Finish Line, Inc. has a 12-month low of $12.25 and a 12-month high of $24.52. The firm’s 50-day moving average price is $13.94 and its 200-day moving average price is $15.25. The company’s market cap is $552.81 million.

The Finish Line (NASDAQ:FINL) last posted its quarterly earnings data on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The business had revenue of $429.80 million for the quarter, compared to analyst estimates of $433.97 million. During the same period in the previous year, the company posted $0.23 earnings per share. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Analysts expect that The Finish Line, Inc. will post $1.14 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 25th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Wednesday, August 23rd. The Finish Line’s dividend payout ratio (DPR) is presently -89.80%.

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Several brokerages have recently weighed in on FINL. BidaskClub raised The Finish Line from a “strong sell” rating to a “sell” rating in a research report on Friday. Bank of America Corporation upped their target price on The Finish Line from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, July 21st. Zacks Investment Research raised The Finish Line from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. FBR & Co reaffirmed a “buy” rating and issued a $22.00 target price on shares of The Finish Line in a research report on Tuesday, June 27th. Finally, Piper Jaffray Companies set a $13.00 target price on The Finish Line and gave the stock a “hold” rating in a research report on Saturday, June 24th. One investment analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $18.11.

In related news, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line stock in a transaction dated Saturday, July 15th. The stock was sold at an average price of $22.71, for a total transaction of $170,892.75. Following the sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at $269,386.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction dated Saturday, July 29th. The stock was sold at an average price of $21.67, for a total value of $88,348.59. Following the sale, the chief operating officer now directly owns 11,862 shares in the company, valued at $257,049.54. The disclosure for this sale can be found here. 6.00% of the stock is owned by company insiders.

About The Finish Line

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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Institutional Ownership by Quarter for The Finish Line (NASDAQ:FINL)

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