Insider Selling: Bill Kirkendall Sells 1,000 Shares of Finish Line Stock (FINL)
Finish Line (NASDAQ:FINL) EVP Bill Kirkendall sold 1,000 shares of Finish Line stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $30.24, for a total transaction of $30,240.00. Following the completion of the sale, the executive vice president now directly owns 15,474 shares of the company’s stock, valued at approximately $467,934. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Finish Line (NASDAQ:FINL) traded up 0.87% on Thursday, hitting $30.20. The stock had a trading volume of 627,273 shares. Finish Line has a 52-week low of $20.51 and a 52-week high of $30.79. The stock has a 50-day moving average of $29.43 and a 200-day moving average of $27.52. The company has a market cap of $1.460 billion and a P/E ratio of 17.50.
Finish Line (NASDAQ:FINL) last issued its quarterly earnings data on Friday, June 27th. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.07. The company had revenue of $406.50 million for the quarter, compared to the consensus estimate of $394.17 million. During the same quarter last year, the company posted $0.20 earnings per share. Finish Line’s revenue was up 15.8% compared to the same quarter last year. Analysts expect that Finish Line will post $1.87 EPS for the current fiscal year.
FINL has been the subject of a number of recent research reports. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Finish Line in a research note on Thursday. They now have a $33.00 price target on the stock, down previously from $34.00. Separately, analysts at Deutsche Bank raised their price target on shares of Finish Line from $28.00 to $29.00 in a research note on Monday. They now have a “hold” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Finish Line in a research note on Monday. They now have a $31.00 price target on the stock, up previously from $29.00. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Finish Line has an average rating of “Buy” and a consensus price target of $29.98.
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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