BNP Paribas Arbitrage SA Increases Stake in Finish Line Inc (FINL)
BNP Paribas Arbitrage SA lifted its stake in shares of Finish Line Inc (NASDAQ:FINL) by 25.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,947 shares of the specialty retailer’s stock after purchasing an additional 9,252 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.11% of Finish Line worth $541,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Finish Line during the 2nd quarter worth approximately $102,000. State of Alaska Department of Revenue raised its position in shares of Finish Line by 77.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock worth $112,000 after purchasing an additional 3,464 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Finish Line by 7.4% during the 1st 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. Eqis Capital Management Inc. acquired a new stake in shares of Finish Line during the 3rd quarter worth approximately $124,000. Finally, Aperio Group LLC acquired a new stake in shares of Finish Line during the 2nd quarter worth approximately $174,000. Institutional investors and hedge funds own 99.96% of the company’s stock.
Finish Line Inc (FINL) opened at $11.12 on Friday. The stock has a market capitalization of $438.45, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 2.01 and a beta of 1.39. Finish Line Inc has a one year low of $6.90 and a one year high of $24.50.
Finish Line (NASDAQ:FINL) last issued its quarterly earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $469.40 million during the quarter, compared to analyst estimates of $478.25 million. Finish Line had a positive return on equity of 5.44% and a negative net margin of 2.13%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. sell-side analysts predict that Finish Line Inc will post 0.52 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Wednesday, November 22nd. Finish Line’s payout ratio is currently -45.83%.
A number of brokerages have recently weighed in on FINL. B. Riley reiterated a “neutral” rating on shares of Finish Line in a research report on Wednesday, November 1st. Canaccord Genuity increased their price target on Finish Line from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Monday, September 25th. UBS lowered Finish Line from a “positive” rating to a “neutral” rating in a report on Monday, October 2nd. Jefferies Group set a $13.00 price objective on Finish Line and gave the stock a “buy” rating in a report on Tuesday, August 29th. Finally, BidaskClub lowered Finish Line from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Seven investment 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 target price of $10.70.
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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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