Point72 Asset Management L.P. lifted its stake in Finish Line Inc (NASDAQ:FINL) by 137.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,600 shares of the specialty retailer’s stock after buying an additional 64,100 shares during the period. Point72 Asset Management L.P. owned about 0.27% of Finish Line worth $1,331,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Finish Line during the 2nd quarter valued at $102,000. Fernwood Investment Management LLC acquired a new stake in Finish Line during the 3rd quarter valued at $120,000. FNY Managed Accounts LLC increased its holdings in Finish Line by 5,100.0% during the 3rd quarter. FNY Managed Accounts LLC now owns 10,000 shares of the specialty retailer’s stock valued at $120,000 after purchasing an additional 10,200 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in Finish Line during the 3rd quarter valued at $124,000. Finally, Public Employees Retirement System of Ohio increased its holdings in Finish Line by 15.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock valued at $155,000 after purchasing an additional 1,504 shares in the last quarter. 99.96% of the stock is owned by institutional investors and hedge funds.
Finish Line Inc (FINL) traded down $0.09 during trading on Friday, reaching $13.55. The company had a trading volume of 1,150,160 shares, compared to its average volume of 1,970,000. Finish Line Inc has a fifty-two week low of $6.90 and a fifty-two week high of $18.30. The company has a market capitalization of $544.63, a PE ratio of 52.12, a P/E/G ratio of 2.00 and a beta of 1.37.
Finish Line (NASDAQ:FINL) last issued its quarterly earnings data on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.10. Finish Line had a positive return on equity of 5.43% and a negative net margin of 0.62%. The company had revenue of $378.50 million during the quarter, compared to analysts’ expectations of $361.46 million. During the same quarter in the previous year, the company posted ($0.24) earnings per share. The business’s revenue was up 1.8% on a year-over-year basis. research analysts expect that Finish Line Inc will post 0.65 EPS for the current year.
A number of research analysts have commented on the company. B. Riley reiterated a “neutral” rating on shares of Finish Line in a research report on Wednesday, November 1st. BidaskClub lowered Finish Line from a “buy” rating to a “hold” rating in a research report on Wednesday. UBS Group lowered Finish Line from a “positive” rating to a “neutral” rating in a research report on Monday, October 2nd. Canaccord Genuity raised 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. Finally, FBR & Co reiterated a “hold” rating and set a $9.00 target price on shares of Finish Line in a report on Friday, September 22nd. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the stock. Finish Line currently has a consensus rating of “Hold” and a consensus target price of $11.29.
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About 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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