The Finish Line, Inc. (NASDAQ:FINL) has been assigned a $10.00 price target by research analysts at Cowen and Company in a report released on Monday. The firm presently has a “hold” rating on the specialty retailer’s stock. Cowen and Company’s price target would indicate a potential downside of 6.98% from the company’s previous close.

A number of other research firms have also recently commented on FINL. Robert W. Baird cut shares of The Finish Line to a “neutral” rating and cut their target price for the stock from $15.00 to $8.00 in a research note on Tuesday, August 29th. They noted that the move was a valuation call. Susquehanna Bancshares Inc cut shares of The Finish Line from a “positive” rating to a “neutral” rating in a research note on Monday, October 2nd. UBS AG reissued a “sell” rating and set a $9.00 target price (down previously from $14.00) on shares of The Finish Line in a research note on Monday, August 21st. Wells Fargo & Company cut their target price on shares of The Finish Line from $12.00 to $9.00 and set a “market perform” rating for the company in a research note on Sunday, October 1st. Finally, BidaskClub cut shares of The Finish Line from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Six equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.75.

Shares of The Finish Line (FINL) traded down 1.77% on Monday, hitting $10.56. The stock had a trading volume of 425,220 shares. The Finish Line has a 12 month low of $6.90 and a 12 month high of $24.50. The firm’s 50-day moving average price is $10.39 and its 200 day moving average price is $12.91. The firm’s market cap is $424.44 million.

The Finish Line (NASDAQ:FINL) last released its earnings results on Friday, September 22nd. The specialty retailer reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $469.40 million during the quarter, compared to analysts’ expectations of $478.25 million. The Finish Line had a negative net margin of 2.13% and a positive return on equity of 5.44%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 earnings per share. Analysts anticipate that The Finish Line will post $0.54 EPS for the current fiscal year.

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In other news, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.00% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of The Finish Line by 19.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 488,067 shares of the specialty retailer’s stock worth $6,916,000 after acquiring an additional 79,086 shares during the last quarter. Airain ltd lifted its holdings in shares of The Finish Line by 37.9% in the 2nd quarter. Airain ltd now owns 148,369 shares of the specialty retailer’s stock worth $2,102,000 after acquiring an additional 40,791 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of The Finish Line by 8.2% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,917,439 shares of the specialty retailer’s stock worth $27,170,000 after acquiring an additional 146,110 shares during the last quarter. Gotham Asset Management LLC acquired a new position in shares of The Finish Line in the 2nd quarter worth approximately $452,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of The Finish Line by 233.4% in the 1st quarter. JPMorgan Chase & Co. now owns 120,679 shares of the specialty retailer’s stock worth $1,717,000 after acquiring an additional 84,484 shares during the last quarter. Hedge funds and other institutional investors 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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