Finish Line Bought By JD Sports For $558 Million

Finish Line store

The investigation concerns whether the Board of Finish Line breached their fiduciary duties to shareholders and whether JD Sports is underpaying for the Company. Prudential Financial Inc. now owns 462,090 shares of the specialty retailer's stock worth $5,559,000 after purchasing an additional 14,900 shares during the last quarter.

Like many of its retail peers, Finish line struggled early previous year, citing the promotional environment as a leading cause for the company's 3.3% decrease in net sales during the second quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business.

Shares of Finish Line were last seen up about 29% at $13.65, with a consensus analyst price target of $12.44 and a 52-week range of $6.90 to $16.38.

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Sam Sato, Chief Executive Officer of Finish Line, said, "Fourth quarter comparable sales were more challenging than we expected". Public Employees Retirement System of OH now owns 10,969 shares of the specialty retailer's stock worth $155,000 after purchasing an additional 1,504 shares during the last quarter.

If you own shares of Finish Line stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. Public Employees Retirement System of OH now owns 10,969 shares of the specialty retailer's stock worth $155,000 after buying an additional 1,504 shares during the period. "Good news for both Finish Line and JD". ING Groep NV increased its holdings in shares of Finish Line by 92.8% in the fourth quarter.

Shares of Finish Line stock traded down $0.02 during trading on Friday, reaching $10.51. The firm has a market cap of $399.23, a price-to-earnings ratio of -37.68, a price-to-earnings-growth ratio of 1.25 and a beta of 1.16. This represents a $0.46 annualized dividend and a dividend yield of 4.38%. The ex-dividend date is Thursday, March 1st. Finish Line's payout ratio is now -164.28%.

A number of equities analysts have weighed in on FINL shares. Zacks Investment Research lowered shares of Finish Line from a "buy" rating to a "hold" rating in a research report on Tuesday, March 13th. BidaskClub downgraded Finish Line from a "hold" rating to a "sell" rating in a research note on Saturday, February 3rd.

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