Finish Line President Sato M. Samuel Sells 39,057 Shares (FINL)
Finish Line (NASDAQ:FINL) President Sato M. Samuel sold 39,057 shares of the company’s stock on the open market in a transaction dated Thursday, April 10th. The stock was sold at an average price of $27.22, for a total value of $1,063,131.54. Following the completion of the sale, the president now directly owns 40,330 shares of the company’s stock, valued at approximately $1,097,783. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Finish Line (NASDAQ:FINL) traded down 0.23% during mid-day trading on Monday, hitting $25.88. The stock had a trading volume of 475,181 shares. Finish Line has a one year low of $17.95 and a one year high of $28.86. The stock’s 50-day moving average is $27.07 and its 200-day moving average is $26.06. The company has a market cap of $1.258 billion and a price-to-earnings ratio of 16.63.
Finish Line (NASDAQ:FINL) last posted its quarterly earnings results on Friday, March 28th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The company had revenue of $518.90 million for the quarter, compared to the consensus estimate of $529.53 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 17.2% on a year-over-year basis. Analysts expect that Finish Line will post $1.85 EPS for the current fiscal year.
A number of research firms have recently commented on FINL. Analysts at Morgan Stanley upgraded shares of Finish Line from an “equal weight” rating to an “overweight” rating in a research note on Friday, April 4th. They now have a $33.00 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Finish Line in a research note on Monday, March 31st. They now have a $33.00 price target on the stock, up previously from $32.00. Finally, analysts at Deutsche Bank raised their price target on shares of Finish Line from $24.00 to $28.00 in a research note on Monday, March 24th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. Finish Line presently has an average rating of “Buy” and a consensus price target of $28.91.
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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