Finish Line Inc (NASDAQ:FINL) was the recipient of some unusual options trading activity on Tuesday. Traders purchased 1,859 call options on the stock. This represents an increase of approximately 734% compared to the typical daily volume of 223 call options.
Shares of Finish Line (NASDAQ:FINL) opened at $10.59 on Wednesday. Finish Line has a 52-week low of $6.90 and a 52-week high of $17.24. The company has a market capitalization of $445.20, a P/E ratio of -37.82, a P/E/G ratio of 1.62 and a beta of 1.15.
Finish Line (NASDAQ:FINL) last released its quarterly earnings data on Thursday, December 21st. The specialty retailer reported ($0.26) EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 business had revenue of $378.50 million for the quarter, compared to analyst estimates of $361.46 million. During the same quarter in the prior year, the firm posted ($0.24) EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. analysts expect that Finish Line will post 0.65 earnings per share for the current fiscal year.
Several research firms have recently issued reports on FINL. B. Riley restated a “neutral” rating on shares of Finish Line in a report on Wednesday, November 1st. Susquehanna Bancshares upgraded shares of Finish Line from a “neutral” rating to a “positive” rating and set a $14.00 price objective on the stock in a report on Monday. Zacks Investment Research downgraded shares of Finish Line from a “buy” rating to a “sell” rating in a report on Tuesday. BidaskClub downgraded shares of Finish Line from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Buckingham Research upgraded shares of Finish Line from an “underperform” rating to a “neutral” rating and cut their price objective for the company from $10.00 to $7.00 in a report on Wednesday, February 21st. They noted that the move was a valuation call. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.38.
A number of institutional investors have recently added to or reduced their stakes in FINL. ING Groep NV purchased a new stake in Finish Line in the 3rd quarter worth approximately $23,459,000. Maverick Capital Ltd. purchased a new stake in Finish Line in the 4th quarter worth approximately $4,108,000. Jefferies Group LLC purchased a new stake in Finish Line in the 4th quarter worth approximately $3,223,000. Two Sigma Advisers LP boosted its position in Finish Line by 124.7% in the 4th quarter. Two Sigma Advisers LP now owns 356,905 shares of the specialty retailer’s stock worth $5,186,000 after purchasing an additional 198,064 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its position in Finish Line by 105.1% in the 4th quarter. Guggenheim Capital LLC now owns 370,695 shares of the specialty retailer’s stock worth $5,387,000 after purchasing an additional 189,916 shares in the last quarter. Institutional investors and hedge funds own 92.02% of the company’s stock.
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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