The Finish Line Inc. (FINL) Now Covered by Susquehanna
Analysts at Susquehanna assumed coverage on shares of The Finish Line Inc. (NASDAQ:FINL) in a note issued to investors on Tuesday. The brokerage set a “neutral” rating on the stock.
Several other brokerages have also weighed in on FINL. Buckingham Research reissued a “buy” rating and set a $25.00 price objective on shares of The Finish Line in a report on Tuesday, June 21st. Barclays PLC reissued an “equal weight” rating and set a $18.00 price objective on shares of The Finish Line in a report on Saturday, June 18th. B. Riley reissued a “buy” rating and set a $26.00 price objective on shares of The Finish Line in a report on Monday, September 26th. Robert W. Baird reissued a “neutral” rating and set a $21.00 price objective on shares of The Finish Line in a report on Monday, July 25th. Finally, TheStreet raised The Finish Line from a “hold” rating to a “buy” rating in a report on Monday, July 25th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $22.75.
The Finish Line (NASDAQ:FINL) opened at 22.59 on Tuesday. The Finish Line has a 52 week low of $15.37 and a 52 week high of $24.52. The company has a market cap of $916.30 million, a price-to-earnings ratio of 71.49 and a beta of 0.99. The stock has a 50 day moving average price of $23.32 and a 200 day moving average price of $20.85.
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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 consensus estimate of $0.53. The company earned $509.40 million during the quarter. The Finish Line had a return on equity of 8.83% and a net margin of 0.72%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. On average, equities analysts forecast that The Finish Line will post $1.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 26th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.40 annualized dividend and a dividend yield of 1.77%. The Finish Line’s payout ratio is presently 108.11%.
In other The Finish Line news, Director Norman H. Gurwitz sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $22.41, for a total value of $67,230.00. Following the completion of the sale, the director now directly owns 5,518 shares in the company, valued at $123,658.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Glenn S. Lyon sold 38,523 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $23.19, for a total transaction of $893,348.37. Following the completion of the sale, the insider now owns 192,088 shares of the company’s stock, valued at $4,454,520.72. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. Deprince Race & Zollo Inc. acquired a new position in The Finish Line during the second quarter valued at about $40,831,000. Numeric Investors LLC acquired a new position in The Finish Line during the second quarter valued at about $17,972,000. Dimensional Fund Advisors LP raised its position in The Finish Line by 32.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,569,624 shares of the company’s stock valued at $72,071,000 after buying an additional 880,360 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in The Finish Line during the second quarter valued at about $16,645,000. Finally, Palisade Capital Management LLC NJ acquired a new position in The Finish Line during the second quarter valued at about $2,958,000.
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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