ING Groep NV purchased a new stake in The Finish Line, Inc. (NASDAQ:FINL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,950,000 shares of the specialty retailer’s stock, valued at approximately $23,459,000. ING Groep NV owned 4.81% of The Finish Line as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Texas Permanent School Fund increased its holdings in shares of The Finish Line by 0.3% during the second quarter. Texas Permanent School Fund now owns 29,462 shares of the specialty retailer’s stock worth $417,000 after purchasing an additional 96 shares during the period. Tocqueville Asset Management L.P. increased its holdings in shares of The Finish Line by 0.6% during the second quarter. Tocqueville Asset Management L.P. now owns 23,854 shares of the specialty retailer’s stock worth $338,000 after purchasing an additional 154 shares during the period. NGAM Advisors L.P. increased its holdings in shares of The Finish Line by 1.6% during the second quarter. NGAM Advisors L.P. now owns 15,461 shares of the specialty retailer’s stock worth $219,000 after purchasing an additional 240 shares during the period. Quantitative Systematic Strategies LLC increased its holdings in shares of The Finish Line by 3.2% during the second quarter. Quantitative Systematic Strategies LLC now owns 14,353 shares of the specialty retailer’s stock worth $208,000 after purchasing an additional 446 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of The Finish Line by 7.4% during the first quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 650 shares during the period. 99.94% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of The Finish Line, Inc. (NASDAQ:FINL) traded down $0.08 during trading on Wednesday, reaching $10.00. 1,478,800 shares of the company’s stock were exchanged, compared to its average volume of 1,830,089. The Finish Line, Inc. has a 1 year low of $6.90 and a 1 year high of $24.50. The firm has a market capitalization of $408.85, a price-to-earnings ratio of 16.52, a P/E/G ratio of 1.87 and a beta of 1.33.

The Finish Line (NASDAQ:FINL) last issued its quarterly earnings results on Friday, September 22nd. The specialty retailer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $469.40 million for the quarter, compared to analyst estimates of $478.25 million. The Finish Line had a negative net margin of 2.13% and a positive return on equity of 5.44%. The Finish Line’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. equities research analysts forecast that The Finish Line, Inc. will post 0.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.40%. The Finish Line’s dividend payout ratio (DPR) is presently -45.83%.

Several research analysts have recently commented on FINL shares. BidaskClub cut shares of The Finish Line from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Bank of America Corporation cut shares of The Finish Line from a “neutral” rating to an “underperform” rating in a report on Friday, August 18th. Jefferies Group LLC set a $17.00 target price on shares of The Finish Line and gave the stock a “buy” rating in a report on Sunday, August 20th. Monness Crespi & Hardt cut shares of The Finish Line from a “buy” rating to a “neutral” rating in a report on Monday, August 21st. Finally, UBS AG reaffirmed a “sell” rating and set a $9.00 target price (down from $14.00) on shares of The Finish Line in a report on Monday, August 21st. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $10.70.

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.

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

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