Sterne Agee Upgrades Finish Line to “Buy” (FINL)
Finish Line (NASDAQ:FINL) was upgraded by stock analysts at Sterne Agee from a “neutral” rating to a “buy” rating in a report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $33.00 price objective on the stock. Sterne Agee’s price objective would suggest a potential upside of 20.48% from the stock’s previous close.
A number of other firms have also recently commented on FINL. Analysts at Zacks upgraded shares of Finish Line from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, January 8th. They now have a $30.60 price target on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of Finish Line from $28.00 to $32.00 in a research note to investors on Monday, December 23rd. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Finish Line to $32.00 in a research note to investors on Monday, December 23rd. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $26.85.
In other Finish Line news, EVP Steven Schneider sold 4,491 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $28.10, for a total value of $126,197.10. Following the sale, the executive vice president now directly owns 15,861 shares of the company’s stock, valued at approximately $445,694. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Finish Line (NASDAQ:FINL) traded up 1.44% on Monday, hitting $27.39. The stock had a trading volume of 1,597,370 shares. Finish Line has a one year low of $17.01 and a one year high of $28.86. The stock’s 50-day moving average is $26.80 and its 200-day moving average is $24.03. The company has a market cap of $1.344 billion and a P/E ratio of 19.49.
Finish Line (NASDAQ:FINL) last released its earnings data on Friday, December 20th. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.05. The company had revenue of $364.50 million for the quarter, compared to the consensus estimate of $354.11 million. Finish Line’s revenue was up 22.9% compared to the same quarter last year. Analysts expect that Finish Line will post $1.64 EPS for the current fiscal year.
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).
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