Finish Line Inc. (FINL)

Employee Vanessa Suriel foreground assists customer Matthew Kaiser as he purchases new shoes at a Finish Line store in Cambridge Massachusetts

A number of institutional investors have recently made changes to their positions in FINL. Tocqueville Asset Ltd Partnership has 0% invested in Finish Line Inc (NASDAQ:FINL). Great West Life Assurance Co. Public Employees Retirement System of OH grew its position in The Finish Line by 15.9% in the 2nd quarter. The consensus rating is 2.6, suggesting the market has given up on the stock. Bank of America Corp DE lifted its holdings in The Finish Line by 388.8% during the 1st quarter. First Trust Advisors LP now owns 59,019 shares of the specialty retailer's stock worth $840,000 after buying an additional 27,469 shares in the last quarter.

Cowen and Company restated their hold rating on shares of The Finish Line, Inc.

However, the media company reaffirmed full-year operating income in the range of $400 million to $414 million after last-month cost-cutting program of about $400 million. Finish Line has $33 highest and $5.0 lowest target.

Investors as well as the sell-side will be paying close attention to how the actual numbers compare with the estimates. Hedge funds and other institutional investors own 99.94% of the company's stock. The total amount of shares outstanding is 39.04 million, giving the company a market capitalization of about 359.95 million. The 52-week range is $6.90 to $24.50. (NASDAQ:FINL)'s stock about -31.68% from the 50-day high and 43.62% away from the 50-day low. (NASDAQ:FINL) updated its third quarter earnings guidance on Friday. (FINL) on Friday reported fiscal second-quarter earnings of $2.8 million. Finish Line had a ROE of 7.09% and a net profit margin of 1.86%. On an adjusted basis, the company earned 12 cents per share, falling short of 14 cents per share estimated by analysts.

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The results topped Wall Street expectations. Shareholders of record on Friday, August 25th were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $0.44 annualized dividend and a dividend yield of 4.77%. The Finish Line's dividend payout ratio (DPR) is presently -89.80%.

FINL has been the topic of several recent analyst reports. Research firm Zacks lifted Finish Line from a "sell" recommendation to a "hold" recommendation in a study on Tue, Jun 13th. Finally, Wedbush reissued a neutral rating and set a $15.00 price objective on shares of The Finish Line in a report on Friday, June 16th. (TOO) opened the session with a $2.61 price tag, later ranging from $2.49 to $2.69, the range at which the stock has traded at throughout the day.

In associated news, COO Melissa A. Greenwell unloaded 7,525 stocks of the shares in a trade on Saturday, Jul 15th. Jefferies Group LLC reiterated a "buy" rating and set a $19.00 price objective on shares of The Finish Line in a research report on Friday, June 9th.

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