Insider Selling: Bill Kirkendall Unloads 1,000 Shares of Finish Line Stock (FINL)
Finish Line (NASDAQ:FINL) EVP Bill Kirkendall unloaded 1,000 shares of Finish Line stock on the open market in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $30.24, for a total value of $30,240.00. Following 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 filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 research analyst has rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Finish Line currently has a consensus rating of “Buy” and a consensus target price of $29.98.
Shares of Finish Line (NASDAQ:FINL) traded up 0.87% during mid-day trading on Friday, hitting $30.20. 627,273 shares of the company’s stock traded hands. Finish Line has a one year low of $20.51 and a one year high of $30.79. The stock’s 50-day moving average is $29.47 and its 200-day moving average is $27.54. The company has a market cap of $1.460 billion and a P/E ratio of 17.50.
Finish Line (NASDAQ:FINL) last released its earnings data on Friday, June 27th. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Analysts expect that Finish Line will post $1.87 EPS 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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