Comerica Bank trimmed its holdings in The Finish Line, Inc. (NASDAQ:FINL) by 58.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,455 shares of the specialty retailer’s stock after selling 59,185 shares during the quarter. Comerica Bank owned about 0.11% of The Finish Line worth $558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. State of Tennessee Treasury Department lifted its stake in shares of The Finish Line by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 39,843 shares of the specialty retailer’s stock valued at $567,000 after purchasing an additional 6,013 shares during the period. Louisiana State Employees Retirement System raised its stake 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 buying an additional 200 shares during the period. Clearline Capital LP acquired a new position in The Finish Line during the 1st quarter worth approximately $1,028,000. JPMorgan Chase & Co. raised its stake in The Finish Line by 233.4% during the 1st quarter. JPMorgan Chase & Co. now owns 120,679 shares of the specialty retailer’s stock worth $1,717,000 after buying an additional 84,484 shares during the period. Finally, Soros Fund Management LLC acquired a new position in The Finish Line during the 1st quarter worth approximately $169,000. 99.94% of the stock is currently owned by institutional investors.

A number of research analysts recently weighed in on FINL shares. Deutsche Bank AG downgraded The Finish Line from a “hold” rating to a “sell” rating and dropped their price target for the stock from $15.00 to $5.00 in a research note on Tuesday, August 29th. UBS AG raised The Finish Line from a “neutral” rating to a “positive” rating in a research note on Wednesday, September 13th. Zacks Investment Research raised The Finish Line from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Cowen and Company reaffirmed a “hold” rating and set a $13.00 price target on shares of The Finish Line in a research note on Sunday, September 17th. Finally, Jefferies Group LLC set a $17.00 price target on The Finish Line and gave the stock a “buy” rating in a research note on Sunday, August 20th. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. The Finish Line currently has an average rating of “Hold” and an average target price of $11.55.

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The Finish Line, Inc. (NASDAQ:FINL) opened at 9.73 on Friday. The company’s market capitalization is $390.62 million. The Finish Line, Inc. has a 12-month low of $6.90 and a 12-month high of $24.50. The stock has a 50 day moving average price of $11.03 and a 200 day moving average price of $13.72.

The Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The company had revenue of $469.40 million during the quarter, compared to analyst estimates of $478.25 million. During the same period in the previous year, the business earned $0.53 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. On average, analysts expect that The Finish Line, Inc. will post $0.57 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 25th were issued a $0.11 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 4.52%. The Finish Line’s payout ratio is currently -45.83%.

In related 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 value of $170,892.75. Following the completion of the transaction, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $269,386.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 completion of the transaction, the chief operating officer now owns 11,862 shares of the company’s stock, valued at $257,049.54. The disclosure for this sale can be found here. 6.00% of the stock is owned by insiders.

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

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