Boston Partners Decreases Position in The Finish Line, Inc. (FINL)

Boston Partners cut its holdings in The Finish Line, Inc. (NASDAQ:FINL) by 11.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,580,418 shares of the specialty retailer’s stock after selling 214,118 shares during the period. Boston Partners owned approximately 3.93% of The Finish Line worth $19,012,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new stake in The Finish Line during the second quarter worth about $102,000. State of Alaska Department of Revenue grew its stake in The Finish Line by 77.0% during the second 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. Eqis Capital Management Inc. acquired a new stake in The Finish Line during the third quarter worth about $124,000. Public Employees Retirement System of Ohio grew its stake in 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 buying an additional 650 shares in the last quarter. Finally, Aperio Group LLC acquired a new stake in The Finish Line during the second quarter worth about $174,000. Institutional investors and hedge funds own 98.85% of the company’s stock.

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A number of equities research analysts have issued reports on FINL shares. Zacks Investment Research downgraded shares of The Finish Line from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. Deutsche Bank AG downgraded shares of The Finish Line from a “hold” rating to a “sell” rating and reduced their price objective for the stock from $15.00 to $5.00 in a research note on Tuesday, August 29th. Susquehanna Bancshares Inc upgraded shares of The Finish Line from a “neutral” rating to a “positive” rating and increased their price objective for the stock from $9.00 to $12.00 in a research note on Wednesday, September 13th. Cowen and Company set a $10.00 price objective on shares of The Finish Line and gave the stock a “hold” rating in a research note on Monday, October 23rd. Finally, Morgan Stanley reduced their price objective on shares of The Finish Line from $13.50 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 13th. 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. The company has an average rating of “Hold” and an average price target of $10.60.

Shares of The Finish Line, Inc. (NASDAQ FINL) opened at $8.89 on Tuesday. The company has a market cap of $369.30, a P/E ratio of 14.93, a PEG ratio of 1.66 and a beta of 1.33. The Finish Line, Inc. has a 52-week low of $6.90 and a 52-week high of $24.50.

The Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Friday, September 22nd. The specialty retailer reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $469.40 million during the quarter, compared to the consensus estimate 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 company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS. equities research analysts predict that The Finish Line, Inc. will post 0.53 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 24th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 4.95%. The ex-dividend date of this dividend is Wednesday, November 22nd. The Finish Line’s dividend payout ratio (DPR) is -45.83%.

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.

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

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