The Finish Line, Inc. (NASDAQ:FINL) shares gapped down before the market opened on Tuesday . The stock had previously closed at $9.16, but opened at $9.89. The Finish Line shares last traded at $10.26, with a volume of 2,047,750 shares trading hands.

A number of research analysts have issued reports on the stock. Jefferies Group LLC set a $19.00 price target on shares of The Finish Line and gave the company a “buy” rating in a research note on Saturday, May 6th. Zacks Investment Research upgraded shares of The Finish Line from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Canaccord Genuity restated a “hold” rating and set a $14.00 price target on shares of The Finish Line in a research note on Friday, May 26th. Bank of America Corporation upped their price target on shares of The Finish Line from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, July 21st. Finally, Wedbush restated a “neutral” rating and set a $15.00 price target on shares of The Finish Line in a research note on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the stock. The Finish Line presently has an average rating of “Hold” and a consensus target price of $17.68.

The stock’s market cap is $418.79 million. The stock has a 50 day moving average price of $13.57 and a 200 day moving average price of $14.82. The Finish Line also was the target of unusually large options trading activity on Monday. Traders acquired 5,012 put options on the company. This is an increase of 332% compared to the typical daily volume of 1,159 put options.

The Finish Line (NASDAQ:FINL) last posted its quarterly earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.23. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The business had revenue of $429.80 million for the quarter, compared to analysts’ expectations of $433.97 million. During the same period in the prior year, the company posted $0.23 EPS. The business’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts anticipate that The Finish Line, Inc. will post $1.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.45%. The Finish Line’s dividend payout ratio (DPR) is presently -89.80%.

In other news, COO Melissa A. Greenwell sold 7,525 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Melissa A. Greenwell sold 4,077 shares of the company’s stock in a transaction on Saturday, July 29th. The stock was sold at an average price of $21.67, for a total transaction of $88,348.59. Following the transaction, 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. Corporate insiders own 6.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of FINL. Texas Permanent School Fund boosted its position in The Finish Line by 0.3% in the second quarter. Texas Permanent School Fund now owns 29,462 shares of the specialty retailer’s stock worth $417,000 after buying an additional 96 shares during the period. Tocqueville Asset Management L.P. raised its stake in The Finish Line by 0.6% in the second quarter. Tocqueville Asset Management L.P. now owns 23,854 shares of the specialty retailer’s stock valued at $338,000 after buying an additional 154 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in 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 in the last quarter. Arizona State Retirement System raised its stake in 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 in the last quarter. Finally, NGAM Advisors L.P. raised its stake in The Finish Line by 1.6% in the second quarter. NGAM Advisors L.P. now owns 15,461 shares of the specialty retailer’s stock valued at $219,000 after buying an additional 240 shares in the last quarter.

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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.

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