Credit Suisse Group AG Reaffirms Hold Rating for The Finish Line Inc. (FINL)
The Finish Line Inc. (NASDAQ:FINL)‘s stock had its “hold” rating restated by equities researchers at Credit Suisse Group AG in a report issued on Tuesday. They currently have a $21.00 price objective on the stock. Credit Suisse Group AG’s target price would suggest a potential downside of 9.52% from the company’s previous close.
A number of other research firms have also commented on FINL. Buckingham Research reaffirmed a “buy” rating and set a $25.00 target price on shares of The Finish Line in a report on Tuesday, June 21st. TheStreet raised shares of The Finish Line to a “buy” rating in a report on Thursday, May 26th. Zacks Investment Research lowered shares of The Finish Line from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 24th. Barclays PLC reaffirmed an “equal weight” rating and set a $18.00 target price on shares of The Finish Line in a report on Saturday, June 18th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $21.00 target price on shares of The Finish Line in a report on Monday, July 25th. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $22.16.
Shares of The Finish Line (NASDAQ:FINL) traded up 1.55% during mid-day trading on Tuesday, hitting $23.57. The company had a trading volume of 999,994 shares. The company has a market capitalization of $976.88 million, a P/E ratio of 59.37 and a beta of 0.90. The Finish Line has a one year low of $15.37 and a one year high of $25.92. The firm’s 50-day moving average price is $23.12 and its 200 day moving average price is $20.42.
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The Finish Line (NASDAQ:FINL) last issued its quarterly earnings results on Friday, June 24th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business earned $453.50 million during the quarter. The Finish Line had a net margin of 0.93% and a return on equity of 9.21%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.30 EPS. Analysts predict that The Finish Line will post $1.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 26th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.40 annualized dividend and a yield of 1.72%. The Finish Line’s dividend payout ratio (DPR) is presently 100.00%.
In other The Finish Line news, Director Stephen Goldsmith sold 4,000 shares of the business’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $19.63, for a total transaction of $78,520.00. Following the sale, the director now directly owns 33,045 shares of the company’s stock, valued at approximately $648,673.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Catherine A. Langham sold 18,000 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $20.30, for a total transaction of $365,400.00. Following the sale, the director now directly owns 14,436 shares in the company, valued at $293,050.80. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.
A number of large investors have recently modified their holdings of FINL. Bayesian Capital Management LP acquired a new stake in shares of The Finish Line during the first quarter valued at approximately $248,000. Invictus RG purchased a new stake in shares of The Finish Line during the first quarter worth about $163,000. Renaissance Technologies LLC purchased a new stake in shares of The Finish Line during the first quarter worth about $1,123,000. Geode Capital Management LLC boosted its stake in shares of The Finish Line by 3.1% in the first quarter. Geode Capital Management LLC now owns 303,446 shares of the company’s stock worth $6,402,000 after buying an additional 9,265 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its stake in shares of The Finish Line by 29.7% in the first quarter. Quadrature Capital Ltd now owns 83,872 shares of the company’s stock worth $1,770,000 after buying an additional 19,211 shares during the last quarter.
The Finish Line Company Profile
Finish Line, Inc is a specialty retailer. The Company operates two retail divisions: the Finish Line and JackRabbit brands. Finish Line is a retailer of athletic shoes, apparel and accessories. The Company operates approximately 590 Finish Line stores, which average over 5,550 square feet, in approximately 40 United States’ states and Puerto Rico.
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