The stock had previously closed at $16.06. The company reported $-0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.06. Amer Century holds 0% of its portfolio in Finish Line Inc (NASDAQ:FINL) for 153,591 shares. We estimate the additional week will contribute about $0.06 per share to our fourth quarter and full year fiscal 2018 results. Revenue slipped to $557.5 million from $559.8 million, but was above the FactSet consensus of $548.1 million.
For the year, consolidated net sales were $1.84 billion, an increase of 2.5% over the prior year. Stockholders of record on Friday, February 24th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, February 22nd. This represents a $0.44 annualized dividend and a dividend yield of 2.86%.
Investors expected a price target of 0.69 for this quarter. Finish Line's dividend payout ratio is now -285.71%.
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A number of research analysts have recently commented on the company.
On Wednesday, Finish Line Inc (NASDAQ:FINL) stock opened its trade at $16.03 and after floating in a range of $15.18 to $16.21, settled at $15.41. The company's Finish Line division engages in the in-store and online retail of athletic shoes for Macy's Retail Holdings, Inc.; Macy's Puerto Rico, Inc.; and Macys.com, Inc., as well as online at macys.com. Zacks Investment Research raised Finish Line from a "sell" rating to a "hold" rating in a research report on Thursday, March 9th. If you are investing like Buffett, the report can assist in finding the company with the durable competitive advantage, and if Peter Lynch is your hero, you might find a low P/E ratio, share buyback or future earnings growth in the depths of the report. Finish Line has an average rating of "Hold" and a consensus target price of $21.05. (FINL) now trades with a market capitalization of $625.03 Million.
The stock grew about 12.35% in the past 5 years, this positive value indicates that the stock constantly performed well in previous years as well. Following the transaction, the director now owns 117,088 shares of the company's stock, valued at approximately $2,211,792.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The stock grabbed 41 new institutional investments totaling 2,791,830 shares while 40 institutional investors sold out their entire positions totaling 3,054,199 shares.
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Operating income for the quarter was $20.32 million, compared with $11.26 million in the previous year period. The firm owned 129,951 shares of the company's stock after buying an additional 3,900 shares during the period.
Shares in Ambev SA (ADR) (NYSE:ABEV) inclined 0.72%, trading current session at $5.57 with a total trading volume of 7.98 million shares. This continues to be an interesting story, and we look forward to updating it again soon on The Finish Line, Inc. Thompson Siegel & Walmsley LLC now owns 1,224,112 shares of the company's stock worth $23,025,000 after buying an additional 474,612 shares during the period. (FINL) reported Actual EPS of $-0.24/share with the difference of -0.06 percent and a surprise of -33.3 percent.
Company has reported several Insider transactions to the SEC, on Feb 1, 2017, Norman H Gurwitz (director) sold 800 shares at 16.97 per share price.On Jan 3, 2017, Glenn S Lyon (director) sold 75,000 shares at 18.89 per share price.On Aug 3, 2016, Stephen Goldsmith (director) sold 4,000 shares at 21.73 per share price. The heightened volatility saw the trading volume jump to 1,732,790 shares. If you are accessing this news story on another publication, it was illegally stolen and reposted in violation of United States and global copyright & trademark law.
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Do FINL's earnings provide enough cushion to meet its debt obligations? However, the malaise in the retail industry, especially for companies like Finish Line, means it won't be easy to deliver on that forecast. The Firm operates through the Finish Line brand. Finish Line carries a selection of men's, women's and kids' athletic shoes (footwear), as well as an assortment of apparel and accessories (softgoods).