Finish Line Sets New 1-Year High at $30.48 (FINL)
Finish Line (NASDAQ:FINL)’s share price hit a new 52-week high during mid-day trading on Friday , Analyst RN reports. The stock traded as high as $30.48 and last traded at $29.80, with a volume of 226,986 shares. The stock had previously closed at $29.90.
Several analysts have recently commented on the stock. 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, three have given a hold rating and eight have assigned a buy rating to the company. Finish Line presently has an average rating of “Buy” and a consensus price target of $29.40.
The stock’s 50-day moving average is $28.30 and its 200-day moving average is $26.97. The company has a market cap of $1.447 billion and a P/E ratio of 19.17.
Finish Line (NASDAQ:FINL) last announced its 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. On average, analysts predict that Finish Line will post $1.85 earnings per share 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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