The Finish Line Sees Unusually High Options Volume (FINL)

The Finish Line, Inc. (NASDAQ:FINL) saw some unusual options trading on Monday. Traders purchased 17,768 call options on the company. This represents an increase of approximately 1,419% compared to the typical volume of 1,170 call options.

In other The Finish Line news, COO Melissa A. Greenwell sold 4,077 shares of the company’s stock in a transaction on 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 directly owns 11,862 shares in the company, valued at approximately $257,049.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Melissa A. Greenwell sold 7,525 shares of the company’s stock in a transaction on Saturday, July 15th. The stock was 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 owns 11,862 shares of the company’s stock, valued at $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in FINL. Robeco Institutional Asset Management B.V. lifted its holdings in The Finish Line by 1,730.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 602,745 shares of the specialty retailer’s stock worth $8,541,000 after buying an additional 569,823 shares during the last quarter. Numeric Investors LLC lifted its holdings in The Finish Line by 34.6% during the 2nd quarter. Numeric Investors LLC now owns 1,845,310 shares of the specialty retailer’s stock worth $26,148,000 after buying an additional 474,200 shares during the last quarter. Bank of America Corp DE lifted its holdings in The Finish Line by 388.8% during the 1st quarter. Bank of America Corp DE now owns 541,195 shares of the specialty retailer’s stock worth $7,702,000 after buying an additional 430,476 shares during the last quarter. Koch Industries Inc. purchased a new stake in The Finish Line during the 2nd quarter worth about $242,000. Finally, Point72 Asset Management L.P. purchased a new stake in The Finish Line during the 1st quarter worth about $3,640,000. 99.94% of the stock is owned by institutional investors.

The Finish Line (FINL) opened at 9.43 on Thursday. The firm’s market capitalization is $378.58 million. The Finish Line has a 12 month low of $6.90 and a 12 month high of $24.50. The company’s 50-day moving average price is $11.03 and its 200 day moving average price is $13.72.

The Finish Line (NASDAQ:FINL) last announced its quarterly earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.23. The company 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 Finish Line’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 EPS. Analysts predict that The Finish Line will post $0.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 25th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date was Wednesday, August 23rd. The Finish Line’s dividend payout ratio (DPR) is -89.80%.

Several equities research analysts have weighed in on the company. Jefferies Group LLC set a $17.00 target price on The Finish Line and gave the stock a “buy” rating in a report on Sunday, August 20th. BidaskClub upgraded The Finish Line from a “strong sell” rating to a “sell” rating in a report on Friday, August 4th. Canaccord Genuity reiterated a “hold” rating and issued a $14.00 target price on shares of The Finish Line in a report on Friday, May 26th. Piper Jaffray Companies reiterated a “neutral” rating on shares of The Finish Line in a report on Wednesday, June 21st. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $15.00 target price (down from $18.00) on shares of The Finish Line in a report on Tuesday, August 29th. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $11.55.

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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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