Finish Line PT Raised to $34.00 (FINL)
Investment analysts at Jefferies Group boosted their target price on shares of Finish Line (NASDAQ:FINL) from $33.00 to $34.00 in a note issued to investors on Thursday. Jefferies Group’s price target would indicate a potential upside of 16.72% from the stock’s previous close.
A number of other analysts have also recently weighed in on FINL. Analysts at B. Riley reiterated a “buy” rating on shares of Finish Line in a research note on Tuesday, July 22nd. They now have a $35.00 price target on the stock, up previously from $26.82. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Finish Line to a “hold” rating in a research note on Friday, July 11th. Finally, analysts at Sterne Agee downgraded shares of Finish Line from a “buy” rating to a “neutral” rating in a research note on Friday, July 11th. They now have a $33.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $30.67.
Shares of Finish Line (NASDAQ:FINL) opened at 29.13 on Thursday. 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 $27.82 and a 200-day moving average of $27.70. The company has a market cap of $1.392 billion and a P/E ratio of 16.90.
Finish Line (NASDAQ:FINL) last released its 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.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, August 27th.
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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