The Finish Line, Inc. (NASDAQ:FINL)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $9.91, but opened at $9.88. The Finish Line shares last traded at $9.60, with a volume of 769,129 shares.

FINL has been the subject of a number of research reports. Zacks Investment Research downgraded shares of The Finish Line from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. Deutsche Bank AG downgraded shares of The Finish Line from a “hold” rating to a “sell” rating and decreased their target price for the company from $15.00 to $5.00 in a research note on Tuesday, August 29th. Monness Crespi & Hardt raised shares of The Finish Line from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.09 to $17.00 in a research note on Monday, May 22nd. They noted that the move was a valuation call. Citigroup Inc. downgraded shares of The Finish Line from a “neutral” rating to a “sell” rating and decreased their target price for the company from $14.00 to $5.00 in a research note on Tuesday, August 29th. Finally, Bank of America Corporation reaffirmed an “underperform” rating and set a $8.00 target price (down previously from $10.00) on shares of The Finish Line in a research note on Tuesday, August 29th. Seven analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $11.55.

The stock has a 50 day moving average of $11.15 and a 200 day moving average of $13.77. The company’s market cap is $383.80 million. The Finish Line also was the recipient of unusually large options trading activity on Monday. Traders bought 12,555 put options on the stock. This represents an increase of approximately 1,002% compared to the typical volume of 1,139 put options.

The Finish Line (NASDAQ:FINL) last released its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The company had revenue of $429.80 million for 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 Finish Line’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. On average, equities analysts expect that The Finish Line, Inc. will post $0.57 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 25th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 4.45%. The ex-dividend date was Wednesday, August 23rd. The Finish Line’s dividend payout ratio is presently -89.80%.

In other The Finish Line news, COO Melissa A. Greenwell sold 7,525 shares of the business’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 sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Melissa A. Greenwell sold 4,077 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $257,049.54. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP grew its position in The Finish Line by 359.1% during the 1st quarter. Quantbot Technologies LP now owns 63,173 shares of the specialty retailer’s stock worth $898,000 after purchasing an additional 49,413 shares during the last quarter. Airain ltd grew its position in The Finish Line by 37.9% during the 2nd quarter. Airain ltd now owns 148,369 shares of the specialty retailer’s stock worth $2,102,000 after purchasing an additional 40,791 shares during the last quarter. State of Tennessee Treasury Department grew its position in The Finish Line by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 39,843 shares of the specialty retailer’s stock worth $567,000 after purchasing an additional 6,013 shares during the last quarter. Louisiana State Employees Retirement System grew its position in The Finish Line by 1.2% during the 1st quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the specialty retailer’s stock worth $235,000 after purchasing an additional 200 shares during the last quarter. Finally, Clearline Capital LP purchased a new stake in The Finish Line during the 1st quarter worth approximately $1,028,000. 99.94% of the stock is currently owned by institutional investors.

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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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