The Finish Line, Inc. (FINL) Given Average Rating of “Hold” by Brokerages
Shares of The Finish Line, Inc. (NASDAQ:FINL) have earned a consensus recommendation of “Hold” from the twenty-three brokerages that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $10.76.
Several equities analysts have issued reports on the company. Piper Jaffray Companies set a $13.00 price objective on The Finish Line and gave the stock a “hold” rating in a report on Saturday, June 24th. Monness Crespi & Hardt raised The Finish Line from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.09 to $17.00 in a report on Monday, May 22nd. They noted that the move was a valuation call. Jefferies Group LLC reaffirmed a “buy” rating and set a $19.00 price objective on shares of The Finish Line in a report on Friday, June 9th. BidaskClub lowered The Finish Line from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research lowered The Finish Line from a “hold” rating to a “sell” rating in a report on Monday, August 28th.
In related news, COO Melissa A. Greenwell sold 4,077 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now owns 11,862 shares in the company, valued at $257,049.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Melissa A. Greenwell sold 7,525 shares of the firm’s stock in a transaction dated Saturday, July 15th. The shares were sold at an average price of $22.71, for a total transaction of $170,892.75. Following the completion of the sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in FINL. Robeco Institutional Asset Management B.V. lifted its position in The Finish Line by 1,730.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 602,745 shares of the specialty retailer’s stock valued at $8,541,000 after purchasing an additional 569,823 shares during the period. Numeric Investors LLC lifted its position in The Finish Line by 34.6% in the second quarter. Numeric Investors LLC now owns 1,845,310 shares of the specialty retailer’s stock valued at $26,148,000 after purchasing an additional 474,200 shares during the period. Bank of America Corp DE lifted its position in The Finish Line by 388.8% in the first quarter. Bank of America Corp DE now owns 541,195 shares of the specialty retailer’s stock valued at $7,702,000 after purchasing an additional 430,476 shares during the period. Koch Industries Inc. acquired a new stake in The Finish Line in the second quarter valued at about $242,000. Finally, Point72 Asset Management L.P. acquired a new stake in The Finish Line in the first quarter valued at about $3,640,000. Hedge funds and other institutional investors own 99.94% of the company’s stock.
Shares of The Finish Line (NASDAQ:FINL) traded down 1.69% during mid-day trading on Friday, reaching $9.30. The company’s stock had a trading volume of 1,492,419 shares. The stock’s market capitalization is $373.36 million. The Finish Line has a 52 week low of $6.90 and a 52 week high of $24.50. The company’s 50-day moving average is $11.78 and its 200-day moving average is $14.11.
The Finish Line (NASDAQ:FINL) last posted its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The firm had revenue of $429.80 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. Equities analysts predict that The Finish Line will post $0.53 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 given a $0.11 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 4.73%. The Finish Line’s payout ratio is currently -89.80%.
About The 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.
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