Prudential Financial Inc. Has $6.34 Million Holdings in The Finish Line, Inc. (FINL)

Prudential Financial Inc. raised its stake in shares of The Finish Line, Inc. (NASDAQ:FINL) by 14.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 447,190 shares of the specialty retailer’s stock after acquiring an additional 56,760 shares during the quarter. Prudential Financial Inc. owned approximately 1.11% of The Finish Line worth $6,337,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Boston Partners lifted its holdings in shares of The Finish Line by 2.7% during the second quarter. Boston Partners now owns 1,794,536 shares of the specialty retailer’s stock valued at $25,429,000 after acquiring an additional 47,012 shares during the period. State Street Corp lifted its holdings in shares of The Finish Line by 17.3% during the first quarter. State Street Corp now owns 1,380,369 shares of the specialty retailer’s stock valued at $19,640,000 after acquiring an additional 203,325 shares during the period. Bank of America Corp DE lifted its holdings in shares of The Finish Line by 388.8% during the first quarter. Bank of America Corp DE now owns 541,195 shares of the specialty retailer’s stock valued at $7,702,000 after acquiring an additional 430,476 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of The Finish Line by 19.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 488,067 shares of the specialty retailer’s stock valued at $6,916,000 after acquiring an additional 79,086 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of The Finish Line by 8.6% during the second quarter. Canada Pension Plan Investment Board now owns 392,608 shares of the specialty retailer’s stock valued at $5,563,000 after acquiring an additional 31,200 shares during the period. 99.94% of the stock is owned by institutional investors.

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Shares of The Finish Line, Inc. (NASDAQ FINL) opened at 10.49 on Friday. The Finish Line, Inc. has a 12 month low of $6.90 and a 12 month high of $24.50. The company has a 50-day moving average price of $11.26 and a 200-day moving average price of $13.85. The firm’s market capitalization is $421.13 million.

The Finish Line (NASDAQ:FINL) last posted its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $429.80 million during the quarter, compared to the consensus estimate of $433.97 million. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. Equities analysts forecast that The Finish Line, Inc. will post $0.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 25th were paid a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.44 annualized dividend and a dividend yield of 4.19%. The Finish Line’s payout ratio is -89.80%.

In other news, COO Melissa A. Greenwell sold 4,077 shares of the stock in a transaction dated Saturday, July 29th. The stock was sold at an average price of $21.67, for a total value of $88,348.59. Following the completion of the sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at $257,049.54. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Melissa A. Greenwell sold 7,525 shares of the stock in a transaction dated 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 sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The disclosure for this sale can be found here. Corporate insiders own 6.00% of the company’s stock.

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

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

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