The Finish Line Target of Unusually Large Options Trading (FINL)

The Finish Line, Inc. (NASDAQ:FINL) saw unusually large options trading on Monday. Stock investors acquired 12,555 put options on the stock. This represents an increase of approximately 1,002% compared to the average volume of 1,139 put options.

FINL has been the topic of several recent research reports. Deutsche Bank AG downgraded The Finish Line from a “hold” rating to a “sell” rating and cut their price target for the stock from $15.00 to $5.00 in a report on Tuesday, August 29th. UBS AG upgraded The Finish Line from a “neutral” rating to a “positive” rating in a report on Wednesday, September 13th. Zacks Investment Research upgraded The Finish Line from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Cowen and Company restated a “hold” rating and set a $13.00 price target on shares of The Finish Line in a report on Sunday. Finally, Jefferies Group LLC set a $17.00 price target on The Finish Line and gave the stock a “buy” rating in a report on Sunday, August 20th. Seven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $11.55.

In other The Finish Line news, COO Melissa A. Greenwell sold 7,525 shares of the company’s stock in a transaction dated Saturday, July 15th. The stock was sold at an average price of $22.71, for a total transaction of $170,892.75. Following the sale, the chief operating officer now 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 the SEC website. Also, COO Melissa A. Greenwell sold 4,077 shares of the company’s 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 sale, the chief operating officer now owns 11,862 shares in the company, valued at approximately $257,049.54. The disclosure for this sale can be found here. 6.00% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in The Finish Line in the 2nd quarter worth approximately $102,000. State of Alaska Department of Revenue grew its holdings in The Finish Line by 77.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock worth $112,000 after buying an additional 3,464 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in The Finish Line by 7.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock worth $135,000 after buying an additional 650 shares in the last quarter. Mason Street Advisors LLC grew its holdings in The Finish Line by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock worth $135,000 after buying an additional 620 shares in the last quarter. Finally, Weiss Asset Management LP bought a new position in The Finish Line in the 1st quarter worth approximately $157,000. 99.94% of the stock is owned by institutional investors and hedge funds.

Shares of The Finish Line (NASDAQ 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 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 issued its quarterly earnings data on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.23. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The business had revenue of $429.80 million during the quarter, compared to analyst estimates of $433.97 million. During the same period in the prior year, the company posted $0.23 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Analysts predict that The Finish Line will post $0.57 EPS for the current fiscal year.

The firm 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. This represents a $0.44 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend was Wednesday, August 23rd. The Finish Line’s dividend payout ratio (DPR) is -89.80%.

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The Finish Line Company 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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