The Finish Line Inc. (FINL) Given “Buy” Rating at Canaccord Genuity
The Finish Line Inc. (NASDAQ:FINL)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a note issued to investors on Wednesday. They currently have a $25.00 target price on the stock. Canaccord Genuity’s price target would indicate a potential upside of 6.07% from the stock’s previous close.
Several other research analysts have also issued reports on FINL. Zacks Investment Research lowered The Finish Line from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 24th. TheStreet upgraded The Finish Line to a “buy” rating in a report on Thursday, May 26th. Brean Capital restated a “buy” rating on shares of The Finish Line in a report on Thursday, June 16th. Barclays PLC restated an “equal weight” rating and issued a $18.00 target price on shares of The Finish Line in a report on Saturday, June 18th. Finally, BB&T Corp. restated a “buy” rating and issued a $24.00 target price on shares of The Finish Line in a report on Monday, June 20th. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The Finish Line currently has an average rating of “Buy” and an average target price of $22.37.
The Finish Line (NASDAQ:FINL) traded up 0.34% during mid-day trading on Wednesday, reaching $23.65. The company had a trading volume of 237,412 shares. The Finish Line has a 12-month low of $15.37 and a 12-month high of $25.92. The stock has a 50-day moving average of $23.16 and a 200 day moving average of $20.46. The company has a market capitalization of $980.20 million, a price-to-earnings ratio of 59.57 and a beta of 0.90.
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The Finish Line (NASDAQ:FINL) last announced its quarterly earnings results on Friday, June 24th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $453.50 million for the quarter. The Finish Line had a return on equity of 9.21% and a net margin of 0.93%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 EPS. On average, analysts expect that The Finish Line will post $1.54 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Wednesday, August 24th. The Finish Line’s dividend payout ratio (DPR) is presently 100.00%.
In related news, Director Catherine A. Langham sold 18,000 shares of The Finish Line stock in a transaction on Friday, July 1st. The stock was sold at an average price of $20.30, for a total transaction of $365,400.00. Following the completion of the sale, the director now owns 14,436 shares of the company’s stock, valued at $293,050.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen Goldsmith sold 4,000 shares of The Finish Line stock in a transaction on Monday, June 27th. The shares were sold at an average price of $19.63, for a total value 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 disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.
A number of large investors have recently bought and sold shares of FINL. Invictus RG acquired a new stake in The Finish Line during the first quarter valued at about $163,000. Metropolitan Life Insurance Co. NY raised its stake in shares of The Finish Line by 13.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 35,394 shares of the company’s stock valued at $747,000 after buying an additional 4,320 shares during the period. BlackRock Group LTD raised its stake in shares of The Finish Line by 6.2% in the first quarter. BlackRock Group LTD now owns 72,627 shares of the company’s stock valued at $1,532,000 after buying an additional 4,225 shares during the period. Pacad Investment Ltd. purchased a new stake in shares of The Finish Line during the first quarter valued at about $803,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of The Finish Line during the first quarter valued at about $248,000.
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.
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