The Finish Line, Inc. (NASDAQ:FINL) has been given a consensus rating of “Hold” by the twenty-two brokerages that are presently covering the firm, MarketBeat.com reports. Nineteen research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $17.24.

FINL has been the topic of several recent analyst reports. Canaccord Genuity set a $14.00 target price on The Finish Line and gave the stock a “hold” rating in a research note on Thursday, June 22nd. FBR & Co reissued a “buy” rating and issued a $22.00 target price on shares of The Finish Line in a research note on Tuesday, June 27th. Piper Jaffray Companies set a $13.00 target price on The Finish Line and gave the stock a “hold” rating in a research note on Saturday, June 24th. Jefferies Group LLC reissued a “buy” rating and issued a $17.00 target price on shares of The Finish Line in a research note on Friday, June 23rd. Finally, BidaskClub cut The Finish Line from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th.

Shares of The Finish Line (NASDAQ:FINL) traded down 6.00% during midday trading on Tuesday, hitting $12.54. The company had a trading volume of 2,014,270 shares. The firm’s 50 day moving average is $13.91 and its 200 day moving average is $14.99. The Finish Line has a 52 week low of $12.25 and a 52 week high of $24.52. The company’s market capitalization is $503.43 million.

The Finish Line (NASDAQ:FINL) last posted its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. The company had revenue of $429.80 million for the quarter, compared to analysts’ expectations of $433.97 million. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The Finish Line’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm earned $0.23 earnings per share. Equities research analysts anticipate that The Finish Line will post $1.14 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 25th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.51%. The Finish Line’s payout ratio is currently -89.80%.

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In related news, COO Melissa A. Greenwell sold 4,077 shares of the business’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 completion of the transaction, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $257,049.54. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Melissa A. Greenwell sold 7,525 shares of the business’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 completion of the transaction, the chief operating officer now owns 11,862 shares of the company’s stock, valued at $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in FINL. Texas Permanent School Fund raised its position in shares of The Finish Line by 0.3% in the second quarter. Texas Permanent School Fund now owns 29,462 shares of the specialty retailer’s stock worth $417,000 after buying an additional 96 shares during the last quarter. Tocqueville Asset Management L.P. raised its position in shares of The Finish Line by 0.6% in the second quarter. Tocqueville Asset Management L.P. now owns 23,854 shares of the specialty retailer’s stock worth $338,000 after buying an additional 154 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of The Finish Line by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the specialty retailer’s stock worth $235,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System raised its position in shares of The Finish Line by 1.0% in the first quarter. Arizona State Retirement System now owns 21,119 shares of the specialty retailer’s stock worth $301,000 after buying an additional 200 shares during the last quarter. Finally, NGAM Advisors L.P. raised its position in shares of The Finish Line by 1.6% in the second quarter. NGAM Advisors L.P. now owns 15,461 shares of the specialty retailer’s stock worth $219,000 after buying an additional 240 shares during the last quarter.

The Finish Line Company Profile

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.

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

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