Shares of the company are trading at $8.27 a great deal lower than the 50 day moving average of $13.13 and much lower than the 200 day moving average of $14.66. The 50 day moving average went down by -35.29% whereas the 200 day moving average was down $-6.16 or -42.01%. Trading volume for The Finish Line, Inc. was 26,110K by the end of trading on Wednesday. Shares saw a steep increase in trading volume of 1,445.98% over the normal average daily volume.
Investors are a little more bearish on shares of The Finish Line, Inc. if you take note of the increase in short interest. The company saw a rise in short interest of 0.09% as of August 15, 2017 from the last reporting period. Short shares grew 8,819 over that timeframe. The short-interest ratio increased to 12.0 and the short interest percentage is 0.25% as of August 15.
These firms have also modified their investment in FINL. As of quarter end Point72 Asset Management, L.p. had disposed of 209,300 shares trimming its stake by 81.8%. The value of the investment in (FINL) decreased from $3,640,000 to $659,000 a change of 81.9% quarter over quarter. Pacad Investment Ltd. divested its position by selling 6,199 shares a decrease of 15.6% as of 06/30/2017. Pacad Investment Ltd. now holds 33,600 shares valued at $476,000. The value of the position overall is down by 36.4%.
As of the end of the quarter Jane Street Group, LLC had sold a total of 66,100 shares trimming its holdings by 79.2%. The value of the total investment in The Finish Line, Inc. went from $1,188,000 to $247,000 a change of $941,000 since the last quarter. As of quarter end Cubist Systematic Strategies, LLC had acquired 2,073 shares growing its position 107.1%. The value of the investment in FINL increased from $28,000 to $57,000 increasing 103.6% for the reporting period.
On August 29 Barclays maintained a stock rating of “Equal-Weight” and lowered the price expectation to $15.00 from $25.00. On August 29 the company was set at “Neutral” according to a FBR Capital report down from the previous “Outperform” rating.
On August 21 the stock rating was downgraded from “Neutral” to “Sell” in a report issued by UBS. July 21 investment analysts at Bank of America kept the company rating at “Neutral” but moved down the price target from $22.00 to $15.00.
On May 22, 2017 the stock rating was rated “Buy” by Monness Crespi Hardt which is up from the previous “Buy” rating.
The company is so far trading down from yesterday’s close of $8.5. The company also announced a dividend to be paid on Monday September 11th, 2017. The dividend will be $0.110 per share for the quarter which is $0.44 annualized. This dividend represents a yield of $4.22. The ex-dividend date is set for Wednesday the 23rd of August 2017.
As of the last earnings report the EPS was $-0.49 and is expected to be $0.71 for the current year with 40,146,000 shares outstanding. Next quarter’s EPS is forecasted at $-0.33 with next year’s EPS anticipated to be $0.73.
The Finish Line, Inc., launched on July 2, 2004, 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..