Finish Line Inc Can Burn Your Long Portfolio. Option Traders Are Bearish

 Finish Line Inc Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session Finish Line Inc (FINL) recorded an unusually high (293) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious FINL decrease. With 293 contracts traded and 7674 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: FINL161021P00023000 closed last at: $1.4 or 75% up. About 132,534 shares traded hands. Finish Line Inc (NASDAQ:FINL) has risen 18.96% since March 10, 2016 and is uptrending. It has outperformed by 11.44% the S&P500.

Finish Line Inc (NASDAQ:FINL) Ratings Coverage

Out of 18 analysts covering Finish Line (NASDAQ:FINL), 8 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 44% are positive. Finish Line has been the topic of 33 analyst reports since August 3, 2015 according to StockzIntelligence Inc. BBY initiated the stock with “Hold” rating in Friday, December 4 report. On Monday, September 28 the stock rating was maintained by Barclays Capital with “Equal Weight”. The firm has “Buy” rating given on Friday, July 15 by Deutsche Bank. The rating was upgraded by BB&T Capital on Monday, March 28 to “Buy”. On Tuesday, October 11 the stock rating was initiated by Susquehanna with “Neutral”. The rating was initiated by BB&T Capital on Friday, December 4 with “Hold”. The firm has “Neutral” rating by Goldman Sachs given on Friday, October 2. Credit Suisse maintained Finish Line Inc (NASDAQ:FINL) on Monday, March 14 with “Neutral” rating. The firm has “Buy” rating by Bank of America given on Tuesday, December 22. Deutsche Bank maintained the stock with “Buy” rating in Tuesday, January 5 report.

According to Zacks Investment Research, “The Finish Line, Inc. together with its wholly owned subsidiary Spike’s Holding, Inc. is one of the largest mall based specialty retailers of brand name athletic, outdoor and casual footwear, activewear and accessories in the United States. Their store generally carries a large selection of men’s, women’s and children’s athletic and casual shoes, as well as a broad assortment of activewear and accessories. Brand names offered by them include Nike, adidas, Reebok, And 1, K-Swiss, New Balance, Asics, Fila and Skechers.”

Insitutional Activity: The institutional sentiment increased to 1.04 in Q2 2016. Its up 0.16, from 0.88 in 2016Q1. The ratio is positive, as 23 funds sold all Finish Line Inc shares owned while 62 reduced positions. 31 funds bought stakes while 57 increased positions. They now own 43.68 million shares or 6.08% more from 41.18 million shares in 2016Q1.
Whittier Tru, a California-based fund reported 49,256 shares. Blackrock has invested 0% of its portfolio in Finish Line Inc (NASDAQ:FINL). California Employees Retirement accumulated 218,159 shares or 0.01% of the stock. Panagora Asset Management, a Massachusetts-based fund reported 2,157 shares. Moreover, Americafirst Lc has 0% invested in Finish Line Inc (NASDAQ:FINL) for 28,907 shares. Sg Americas Securities Limited Liability Corp last reported 0% of its portfolio in the stock. Sit Invest Associate Inc has 0.02% invested in the company for 45,600 shares. Stevens Cap Mgmt Lp has invested 0.06% of its portfolio in Finish Line Inc (NASDAQ:FINL). Creative Planning holds 0% of its portfolio in Finish Line Inc (NASDAQ:FINL) for 309 shares. Pnc Fin Services Group Inc Inc holds 0% or 704 shares in its portfolio. State Of Tennessee Treasury Department reported 35,845 shares or 0% of all its holdings. Capstone Asset accumulated 24,141 shares or 0.01% of the stock. Barclays Public Limited holds 0% of its portfolio in Finish Line Inc (NASDAQ:FINL) for 48,522 shares. Nationwide Fund Advsr has 0% invested in the company for 31,882 shares. Moreover, California State Teachers Retirement Systems has 0% invested in Finish Line Inc (NASDAQ:FINL) for 87,667 shares.

Insider Transactions: Since April 19, 2016, the stock had 0 insider buys, and 6 sales for $1.59 million net activity. Another trade for 2,500 shares valued at $55,250 was made by Gurwitz Norman H on Thursday, July 14. On Tuesday, April 19 LANGHAM CATHERINE A sold $118,920 worth of the stock or 6,000 shares. $86,920 worth of Finish Line Inc (NASDAQ:FINL) shares were sold by GOLDSMITH STEPHEN. Another trade for 38,523 shares valued at $893,425 was sold by LYON GLENN S.

Finish Line, Inc. is a specialty retailer. The company has a market cap of $887.00 million. The Firm operates two retail divisions: the Finish Line and JackRabbit brands. It has a 60.78 P/E ratio. Finish Line is a retailer of athletic shoes, apparel and accessories.

FINL Company Profile

Finish Line, Inc., incorporated on July 2, 2004, is a specialty retailer. The Firm operates two retail divisions: the Finish Line and JackRabbit brands. The Firm is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico.

More news for Finish Line Inc (NASDAQ:FINL) were recently published by: Seekingalpha.com, which released: “Short Finish Line: The Turnaround Will Be Disappointing” on October 06, 2016. Businesswire.com‘s article titled: “Finish Line Amplifies Commitment to Female Consumer” and published on October 11, 2016 is yet another important article.

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