Pre-Earnings Volatility Expectations Peak on Finish Line Stock

Finish Line Q2 2017 Sales

Finish Line Q2 2017 Sales

Finish Line Cl A (NASDAQ:FINL) shares traded on -1.36% below secure line and closed at $9.43. Stock traders bought 12,555 put options on the company. This represents an increase of approximately 1,002% compared to the average daily volume of 1,139 put options. Shares were disposed in a price range of $21.67, amounting to $88,348.59. after the closing of the transaction the chief operating officer has an ownership of 11,862 stocks in the company, assessed at roughly $257,049.54. corporate executives has an ownership of 6.00% of the firms stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

In associated news, COO Melissa A. Greenwell unloaded 7,525 stocks of the shares in a trade on Saturday, Jul 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 directly owns 11,862 shares in the company, valued at approximately $269,386.02. First Trust Advisors LP raised its holdings in The Finish Line by 87.1% during the 1st quarter. Bank of America Corp DE now owns 541,195 shares of the specialty retailer's stock worth $7,702,000 after buying an additional 430,476 shares during the period. As of the end of the quarter Point72 Asset Management, L.p. had sold 209,300 shares trimming its stake by 81.8%.

They expect $0.11 EPS, down 400% or $0.44 from last year's $0.55 per share. Robeco Institutional Asset Management B.V. boosted its position in shares of The Finish Line by 1,730.8% in the second quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the specialty retailer's stock valued at $235,000 after acquiring an additional 200 shares in the last quarter.

Several large investors have recently made changes to their positions in FINL.

Taking a broader look at the analyst consensus, according to 17 analysts Finish Line Cl A (NASDAQ:FINL)'s price will reach at $9.82 during 52 weeks. The company has market cap of $378.59 million. Finish Line has a 52 week low of $6.90 and a 52 week high of $24.50. the firms 50 Day SMA is $11.55 and its 200 SMA is $13.95.

The Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.23. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%.

Finish Line Cl A (NASDAQ:FINL) has average revenue estimates of $470.51 Million, compared to low analyst estimates of $469 Million and high estimates of $483.66 Million for the current quarter. During the same quarter a year ago, the business earned $0.23 EPS. The company's revenue was down 3.3% on a year-over-year basis.

Over the prior three fiscal years (12 quarters), when shares of FINL rose in the extended-hours session in reaction to its earnings announcement, history shows that 20.0% of the time (1 event) the stock posted additional gains in the following regular session by an average of 14.0%. Shareholders of record on Friday, August 25th were issued a dividend of $0.11 per share. The ex-dividend date was Wednesday the 23rd of August 2017. This represents a $0.44 annualized dividend and a yield of 4.77%. The Finish Line's dividend payout ratio (DPR) is -89.80%.

A number of other analysts also recently weighed in on FINL. Finally, Barclays PLC reiterated an "equal weight" rating and issued a $15.00 target price (down from $18.00) on shares of The Finish Line in a report on Tuesday, August 29th. Cowen and Company reaffirmed a "hold" rating and issued a $13.00 target price on shares of The Finish Line in a research note on Sunday. Jefferies Group LLC reissued a buy rating and set a $19.00 price objective on shares of The Finish Line in a report on Friday, June 9th. SELL rating has been given by 3 analyst (s) and 1 analyst (s) given BUY rating to the stock. Finally, Canaccord Genuity set a $14.00 target price on shares of The Finish Line and gave the stock a "hold" rating in a report on Thursday, June 22nd.

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