The Finish Line, Inc. (NASDAQ:FINL) was upgraded by analysts at Susquehanna Bancshares Inc from a “neutral” rating to a “positive” rating in a research note issued on Wednesday. The brokerage currently has a $12.00 price target on the specialty retailer’s stock, up from their prior price target of $9.00. Susquehanna Bancshares Inc’s price objective would indicate a potential upside of 23.20% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. FBR & Co reissued a “buy” rating and issued a $22.00 price objective on shares of The Finish Line in a research note on Tuesday, June 27th. Jefferies Group LLC reissued a “buy” rating and issued a $17.00 price objective on shares of The Finish Line in a research note on Friday, June 23rd. Monness Crespi & Hardt raised The Finish Line from a “neutral” rating to a “buy” rating and raised their price objective for the company from $14.09 to $17.00 in a research note on Monday, May 22nd. They noted that the move was a valuation call. Barclays PLC reissued an “equal weight” rating and issued a $15.00 price objective (down previously from $18.00) on shares of The Finish Line in a research note on Tuesday, August 29th. Finally, Zacks Investment Research raised The Finish Line from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $11.95.

Shares of The Finish Line (NASDAQ:FINL) opened at 9.74 on Wednesday. The stock has a 50 day moving average of $11.64 and a 200 day moving average of $14.01. The Finish Line has a 52 week low of $6.90 and a 52 week high of $24.50. The firm’s market cap is $391.02 million.

The Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.23. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The firm had revenue of $429.80 million during the quarter, compared to analysts’ expectations of $433.97 million. During the same quarter last year, the firm posted $0.23 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts forecast that The Finish Line will post $0.53 earnings per share for the current year.

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In related news, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line stock in a transaction 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 sale, the chief operating officer now directly owns 11,862 shares in the company, valued at $269,386.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction on Saturday, July 29th. The stock was sold at an average price of $21.67, for a total value of $88,348.59. Following the sale, the chief operating officer now owns 11,862 shares in the company, valued at $257,049.54. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its holdings in The Finish Line by 15.9% during the second quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock worth $155,000 after acquiring an additional 1,504 shares during the period. Koch Industries Inc. bought a new stake in The Finish Line during the second quarter worth $242,000. State Street Corp lifted its holdings in The Finish Line by 6.5% during the second quarter. State Street Corp now owns 1,470,739 shares of the specialty retailer’s stock worth $20,840,000 after acquiring an additional 90,370 shares during the period. Gotham Asset Management LLC bought a new stake in The Finish Line during the second quarter worth $452,000. Finally, QS Investors LLC lifted its holdings in The Finish Line by 0.5% during the second quarter. QS Investors LLC now owns 225,029 shares of the specialty retailer’s stock worth $3,189,000 after acquiring an additional 1,212 shares during the period. Institutional investors and hedge funds own 99.94% of the company’s stock.

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.

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

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