Piper Jaffray Cos. Analysts Give The Finish Line Inc. (FINL) a $18.00 Price Target
The Finish Line Inc. (NASDAQ:FINL) has been assigned a $18.00 price target by equities researchers at Piper Jaffray Cos. in a research note issued to investors on Wednesday. The firm presently has a a “hold” rating on the stock. Piper Jaffray Cos.’s target price points to a potential downside of 24.97% from the company’s previous close.
Several other equities analysts also recently commented on FINL. Zacks Investment Research cut shares of The Finish Line from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 24th. TheStreet upgraded shares of The Finish Line to a “buy” rating in a research note on Thursday, May 26th. Brean Capital reiterated a “buy” rating on shares of The Finish Line in a research note on Thursday, June 16th. Barclays PLC reiterated an “equal weight” rating and issued a $18.00 target price on shares of The Finish Line in a research note on Saturday, June 18th. Finally, BB&T Corp. reiterated a “buy” rating and issued a $24.00 target price on shares of The Finish Line in a research note on Monday, June 20th. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $22.37.
Shares of The Finish Line (NASDAQ:FINL) traded down 4.25% on Wednesday, hitting $22.97. The company’s stock had a trading volume of 2,462,979 shares. The firm has a market cap of $952.01 million, a PE ratio of 57.86 and a beta of 0.90. The company has a 50 day moving average of $23.31 and a 200 day moving average of $20.51. The Finish Line has a 1-year low of $15.37 and a 1-year high of $24.52.
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The Finish Line (NASDAQ:FINL) last released its earnings results on Friday, September 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.53. The Finish Line had a return on equity of 9.21% and a net margin of 0.93%. The company earned $509.40 million during the quarter, compared to analyst estimates of $495.04 million. During the same quarter in the prior year, the company earned $0.57 earnings per share. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Equities analysts forecast that The Finish Line will post $1.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 26th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.40 annualized dividend and a yield of 1.67%. The Finish Line’s dividend payout ratio is currently 100.00%.
In related news, Director Stephen Goldsmith sold 4,000 shares of the business’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Catherine A. Langham sold 18,000 shares of the business’s stock in a transaction on Friday, July 1st. The shares were 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 directly owns 14,436 shares in the company, valued at $293,050.80. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Bayesian Capital Management LP bought a new position in shares of The Finish Line during the first quarter worth approximately $248,000. Invictus RG bought a new position in shares of The Finish Line during the first quarter worth approximately $163,000. Renaissance Technologies LLC bought a new position in shares of The Finish Line during the first quarter worth approximately $1,123,000. Geode Capital Management LLC raised its position 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 period. Finally, Quadrature Capital Ltd raised its position 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 period.
About The Finish Line
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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