Finish Line Inc. (FINL) Declares Quarterly Dividend of $0.08
Finish Line (NASDAQ:FINL) declared a quarterly dividend on Thursday, January 16th, Stock Ratings News reports. Shareholders of record on Friday, February 28th will be given a dividend of 0.08 per share on Monday, March 17th. This represents a $0.32 dividend on an annualized basis and a yield of 1.16%.
Several analysts have recently commented on the stock. Analysts at Sterne Agee upgraded shares of Finish Line from a “neutral” rating to a “buy” rating in a research note to investors on Monday. They now have a $33.00 price target on the stock. On the ratings front, 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. Finally, 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. One investment 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 company has an average rating of “Buy” and a consensus price target of $26.85.
Finish Line (NASDAQ:FINL) traded down 1.86% on Thursday, hitting $26.96. The stock had a trading volume of 349,319 shares. Finish Line has a 52-week low of $17.63 and a 52-week high of $28.86. The stock has a 50-day moving average of $26.86 and a 200-day moving average of $24.10. The company has a market cap of $1.322 billion and a P/E ratio of 19.83.
Finish Line (NASDAQ:FINL) last released its earnings data on Friday, December 20th. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was up 22.9% on a year-over-year basis. Analysts expect that Finish Line will post $1.64 EPS for the current fiscal year.
In other Finish Line news, EVP Steven Schneider sold 4,491 shares of Finish Line stock on the open market 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 completion of the sale, the executive vice president now directly owns 15,861 shares in the company, valued at approximately $445,694. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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