Insider Selling: Finish Line President Sells 8,645 Shares of Stock (FINL)
Finish Line (NASDAQ:FINL) President Sato M. Samuel sold 8,645 shares of Finish Line stock in a transaction that occurred on Monday, April 28th. The shares were sold at an average price of $27.12, for a total transaction of $234,452.40. Following the completion of the sale, the president now directly owns 40,330 shares of the company’s stock, valued at approximately $1,093,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on FINL shares. 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $28.91.
Finish Line (NASDAQ:FINL) traded up 1.77% on Wednesday, hitting $27.53. The stock had a trading volume of 666,325 shares. Finish Line has a 1-year low of $18.99 and a 1-year high of $28.86. The stock has a 50-day moving average of $26.98 and a 200-day moving average of $26.26. The company has a market cap of $1.338 billion and a P/E ratio of 17.34.
Finish Line (NASDAQ:FINL) last posted its quarterly earnings results on Friday, March 28th. The company reported $0.87 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.76 earnings per share. Finish Line’s revenue was up 17.2% compared to the same quarter last year. Analysts expect that Finish Line will post $1.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Wednesday, May 28th.
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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