Finish Line Inc (NASDAQ:FINL) was upgraded by equities researchers at Monness Crespi & Hardt from a “neutral” rating to a “buy” rating in a report released on Monday. The brokerage currently has a $17.00 target price on the specialty retailer’s stock. Monness Crespi & Hardt’s target price would suggest a potential upside of 22.57% from the stock’s current price.

A number of other research firms also recently commented on FINL. Zacks Investment Research downgraded Finish Line from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 29th. Citigroup Inc decreased their price objective on Finish Line from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 25th. Jefferies Group LLC set a $19.00 price objective on Finish Line and gave the company a “buy” rating in a research report on Saturday, March 25th. Canaccord Genuity restated a “hold” rating and set a $18.00 price objective on shares of Finish Line in a research report on Tuesday, March 21st. Finally, B. Riley restated a “neutral” rating and set a $15.00 price objective on shares of Finish Line in a research report on Monday, March 27th. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Finish Line has an average rating of “Hold” and a consensus target price of $19.33.

Analyst Recommendations for Finish Line (NASDAQ:FINL)

Finish Line (NASDAQ:FINL) opened at 13.87 on Monday. The firm’s market capitalization is $559.70 million. Finish Line has a 52 week low of $12.46 and a 52 week high of $24.52. The firm has a 50-day moving average price of $14.95 and a 200 day moving average price of $17.92.

Finish Line (NASDAQ:FINL) last posted its earnings results on Friday, March 24th. The specialty retailer reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by $0.20. The firm had revenue of $557.50 million during the quarter, compared to analysts’ expectations of $544.88 million. Finish Line had a positive return on equity of 11.57% and a negative net margin of 0.25%. Finish Line’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.83 earnings per share. On average, equities research analysts forecast that Finish Line will post $1.15 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Stockholders of record on Friday, May 26th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, May 24th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.17%. Finish Line’s dividend payout ratio is -285.71%.

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In other news, COO Melissa A. Greenwell sold 7,525 shares of the company’s stock in a transaction that occurred on Saturday, July 15th. The stock was sold at an average price of $22.71, for a total transaction of $170,892.75. Following the transaction, the chief operating officer now owns 11,862 shares of the company’s stock, valued at $269,386.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Melissa A. Greenwell sold 4,077 shares of the company’s stock in a transaction that occurred on Saturday, July 29th. The shares were sold at an average price of $21.67, for a total value of $88,348.59. Following the transaction, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $257,049.54. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in FINL. Hood River Capital Management LLC purchased a new position in shares of Finish Line during the third quarter valued at about $9,130,000. Oppenheimer & Co. Inc. boosted its position in shares of Finish Line by 3.9% in the third quarter. Oppenheimer & Co. Inc. now owns 970,958 shares of the specialty retailer’s stock valued at $22,409,000 after buying an additional 36,390 shares during the period. New York State Common Retirement Fund boosted its position in shares of Finish Line by 48.8% in the third quarter. New York State Common Retirement Fund now owns 116,885 shares of the specialty retailer’s stock valued at $2,698,000 after buying an additional 38,310 shares during the period. TIAA CREF Investment Management LLC boosted its position in shares of Finish Line by 23.1% in the third quarter. TIAA CREF Investment Management LLC now owns 254,537 shares of the specialty retailer’s stock valued at $5,875,000 after buying an additional 47,687 shares during the period. Finally, BlackRock Group LTD boosted its position in shares of Finish Line by 4.0% in the third quarter. BlackRock Group LTD now owns 81,375 shares of the specialty retailer’s stock valued at $1,877,000 after buying an additional 3,094 shares during the period.

About Finish Line

The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.

12 Month Chart for NASDAQ:FINL

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