Morgan Stanley Reaffirms Equal Weight Rating for The Finish Line Inc. (FINL)
The Finish Line Inc. (NASDAQ:FINL)‘s stock had its “equal weight” rating reissued by equities researchers at Morgan Stanley in a research report issued on Wednesday.
FINL has been the topic of several other reports. Buckingham Research reaffirmed a “buy” rating and set a $25.00 price target on shares of The Finish Line in a research report on Tuesday, June 21st. Susquehanna started coverage on The Finish Line in a research report on Tuesday. They set a “neutral” rating on the stock. Barclays PLC reaffirmed an “equal weight” rating and set a $18.00 price target on shares of The Finish Line in a research report on Saturday, June 18th. B. Riley reaffirmed a “buy” rating and set a $26.00 price target on shares of The Finish Line in a research report on Monday, September 26th. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $21.00 price target on shares of The Finish Line in a research report on Monday, July 25th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $22.75.
The Finish Line (NASDAQ:FINL) traded down 0.14% on Wednesday, hitting $22.02. The stock had a trading volume of 67,781 shares. The firm has a market capitalization of $893.18 million, a price-to-earnings ratio of 69.68 and a beta of 0.99. The Finish Line has a 1-year low of $15.37 and a 1-year high of $24.52. The stock’s 50-day moving average is $23.27 and its 200 day moving average is $20.86.
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 https://www.americanbankingnews.com/2016/10/12/morgan-stanley-reaffirms-equal-weight-rating-for-the-finish-line-inc-finl.html
The Finish Line (NASDAQ:FINL) last issued its earnings results on Friday, September 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 quarter last year, the business earned $0.57 EPS. On average, equities research analysts predict that The Finish Line will post $1.54 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 26th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Wednesday, August 24th. The Finish Line’s payout ratio is presently 108.11%.
In other The Finish Line news, Director Norman H. Gurwitz sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $22.10, for a total value of $55,250.00. Following the sale, the director now owns 4,912 shares of the company’s stock, valued at $108,555.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen Goldsmith sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $21.73, for a total value of $86,920.00. Following the completion of the sale, the director now directly owns 36,651 shares in the company, valued at approximately $796,426.23. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas increased its position in 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. increased 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 worth $142,000 after buying an additional 3,429 shares during the last quarter. Invictus RG purchased a new position in shares of The Finish Line during the first quarter worth approximately $163,000. Mason Street Advisors LLC purchased a new position in shares of The Finish Line during the second quarter worth approximately $167,000. Finally, Societe Generale purchased a new position in shares of The Finish Line during the second quarter worth approximately $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.
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.