The Finish Line Inc. (NASDAQ:FINL)‘s stock had its “hold” rating reissued by stock analysts at Credit Suisse Group AG in a research note issued to investors on Tuesday. They currently have a $21.00 price objective on the stock. Credit Suisse Group AG’s target price would indicate a potential downside of 9.52% from the stock’s previous close.

A number of other equities research analysts have also weighed in on FINL. B. Riley reaffirmed a “buy” rating and set a $22.00 target price on shares of The Finish Line in a research report on Monday, June 27th. TheStreet upgraded The Finish Line to a “buy” rating in a report on Thursday, May 26th. BB&T Corp. reiterated a “buy” rating and issued a $24.00 price target on shares of The Finish Line in a report on Tuesday, June 28th. Canaccord Genuity reiterated a “buy” rating and issued a $25.00 price target on shares of The Finish Line in a report on Monday, June 27th. Finally, Barclays PLC reiterated a “hold” rating and issued a $18.00 price target on shares of The Finish Line in a report on Monday, June 27th. Twelve analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The Finish Line currently has an average rating of “Buy” and a consensus target price of $22.16.

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

The Finish Line (NASDAQ:FINL) traded up 1.55% on Tuesday, reaching $23.57. The company’s stock had a trading volume of 999,994 shares. The Finish Line has a 1-year low of $15.37 and a 1-year high of $25.92. The company has a market capitalization of $976.88 million, a price-to-earnings ratio of 59.37 and a beta of 0.90. The firm’s 50 day moving average price is $23.12 and its 200-day moving average price is $20.42.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/credit-suisse-group-ag-reaffirms-hold-rating-for-the-finish-line-inc-finl.html

The Finish Line (NASDAQ:FINL) last issued its earnings results on Friday, June 24th. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The business earned $453.50 million during the quarter. The Finish Line had a return on equity of 9.21% and a net margin of 0.93%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the firm earned $0.30 earnings per share. Equities analysts forecast that The Finish Line will post $1.54 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 26th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 24th. This represents a $0.40 annualized dividend and a yield of 1.72%. The Finish Line’s payout ratio is presently 100.00%.

In other news, Director Norman H. Gurwitz sold 2,500 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $22.10, for a total value of $55,250.00. Following the completion of the transaction, the director now owns 4,912 shares of the company’s stock, valued at approximately $108,555.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $78,520.00. Following the completion of the transaction, the director now directly owns 33,045 shares of the company’s stock, valued at approximately $648,673.35. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

Several institutional investors have recently modified their holdings of FINL. Teacher Retirement System of Texas boosted its position in shares of The Finish Line by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,256 shares of the company’s stock valued at $126,000 after buying an additional 760 shares during the period. Meeder Asset Management Inc. boosted its position in shares of The Finish Line by 95.6% in the second quarter. Meeder Asset Management Inc. now owns 7,015 shares of the company’s stock valued at $142,000 after buying an additional 3,429 shares during the period. Invictus RG bought a new position in shares of The Finish Line during the first quarter valued at about $163,000. Mason Street Advisors LLC bought a new position in shares of The Finish Line during the second quarter valued at about $167,000. Finally, Societe Generale bought a new position in shares of The Finish Line during the second quarter valued at about $184,000.

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.

5 Day Chart for NASDAQ:FINL

Receive News & Ratings for The Finish Line Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Finish Line Inc. and related companies with MarketBeat.com's FREE daily email newsletter.