Insider Selling: Sato Samuel Sells 23,256 Shares of Finish Line Stock (FINL)
Finish Line (NASDAQ:FINL) President Sato Samuel unloaded 23,256 shares of the stock on the open market in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $25.18, for a total transaction of $585,586.08. Following the sale, the president now directly owns 40,330 shares of the company’s stock, valued at approximately $1,015,509. The sale was disclosed in a filing with the SEC, which is available at this link.
FINL has been the subject of a number of recent research reports. Analysts at Canaccord Genuity upgraded shares of Finish Line from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $28.00 price target on the stock, up previously from $23.00. Separately, analysts at UBS AG initiated coverage on shares of Finish Line in a research note to investors on Friday, October 18th. They set a “neutral” rating and a $25.00 price target on the stock. Finally, analysts at UBS AG initiated coverage on shares of Finish Line in a research note to investors on Friday, October 18th. They set a “neutral” rating and a $25.00 price target on the stock. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $22.47.
Finish Line (NASDAQ:FINL) traded up 0.67% on Thursday, hitting $25.38. 420,885 shares of the company’s stock traded hands. Finish Line has a 1-year low of $16.87 and a 1-year high of $23.88. The stock has a 50-day moving average of $21.82 and a 200-day moving average of $20.63. The company has a market cap of $1.247 billion and a price-to-earnings ratio of 19.10.
Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, September 27th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.09. The company had revenue of $436.00 million for the quarter, compared to the consensus estimate of $426.39 million. During the same quarter last year, the company posted $0.49 earnings per share. Finish Line’s revenue was up 13.2% compared to the same quarter last year. Analysts expect that Finish Line will post $1.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Tuesday, November 26th.
The Finish Line, Inc, together with its subsidiaries, is a mall-based specialty retailers in the United States, and operates two retail divisions under the Finish Line brand name (NASDAQ:FINL) and Running Specialty Group (Running Specialty).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.