The Finish Line, Inc. (NASDAQ:FINL)‘s stock had its “hold” rating reaffirmed by equities research analysts at Cowen and Company in a research note issued to investors on Sunday. They currently have a $13.00 target price on the specialty retailer’s stock. Cowen and Company’s price target indicates a potential upside of 23.93% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Piper Jaffray Companies set a $13.00 price target on shares of The Finish Line and gave the stock a “hold” rating in a research note on Saturday, June 24th. Monness Crespi & Hardt raised shares of The Finish Line from a “neutral” rating to a “buy” rating and raised their price target for the stock from $14.09 to $17.00 in a research note 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 target on shares of The Finish Line in a research note on Friday, June 9th. BidaskClub cut shares of The Finish Line from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $14.00 price target on shares of The Finish Line in a research note on Friday, May 26th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $11.55.

Shares of The Finish Line (NASDAQ:FINL) opened at 10.49 on Friday. The Finish Line has a 1-year low of $6.90 and a 1-year high of $24.50. The firm’s market capitalization is $421.13 million. The firm has a 50-day moving average of $11.26 and a 200-day moving average of $13.85.

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 analysts’ consensus estimates of $0.23. The business had revenue of $429.80 million during 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 revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. On average, equities research analysts anticipate that The Finish Line will post $0.57 EPS for the current fiscal year.

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In other news, 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 transaction of $88,348.59. Following the completion of the sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at $257,049.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $170,892.75. Following the sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of FINL. Louisiana State Employees Retirement System lifted its holdings in shares of The Finish Line by 1.2% during 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 in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of The Finish Line by 4.5% during the first quarter. Great West Life Assurance Co. Can now owns 55,798 shares of the specialty retailer’s stock worth $794,000 after buying an additional 2,405 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of The Finish Line by 87.1% during the first quarter. First Trust Advisors LP now owns 59,019 shares of the specialty retailer’s stock worth $840,000 after buying an additional 27,469 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of The Finish Line by 1.7% during the first quarter. American Century Companies Inc. now owns 156,144 shares of the specialty retailer’s stock worth $2,222,000 after buying an additional 2,553 shares in the last quarter. Finally, State of Tennessee Treasury Department lifted its holdings in shares of The Finish Line by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 39,843 shares of the specialty retailer’s stock worth $567,000 after buying an additional 6,013 shares in the last quarter. 99.94% of the stock is owned by institutional investors.

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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