The Finish Line, Inc. (FINL) Receives Average Rating of “Hold” from Analysts
Shares of The Finish Line, Inc. (NASDAQ:FINL) have been assigned a consensus recommendation of “Hold” from the twenty-four research firms that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $10.41.
Several research analysts recently weighed in on the stock. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $12.00 price objective on shares of The Finish Line in a research report on Friday, September 29th. Zacks Investment Research upgraded shares of The Finish Line from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. Jefferies Group LLC set a $17.00 price objective on shares of The Finish Line and gave the stock a “buy” rating in a research report on Sunday, August 20th. BidaskClub upgraded shares of The Finish Line from a “strong sell” rating to a “sell” rating in a research report on Friday, August 4th. Finally, Canaccord Genuity restated a “hold” rating and issued a $8.00 price objective (down previously from $14.00) on shares of The Finish Line in a research report on Tuesday, August 29th.
WARNING: This piece was first published by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/10/29/the-finish-line-inc-finl-receives-average-rating-of-hold-from-analysts.html.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in The Finish Line in the 2nd quarter worth $102,000. State of Alaska Department of Revenue boosted its stake in The Finish Line by 77.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock worth $112,000 after purchasing an additional 3,464 shares during the period. Public Employees Retirement System of Ohio boosted its stake in The Finish Line by 7.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 650 shares during the period. Mason Street Advisors LLC boosted its stake in The Finish Line by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 620 shares during the period. Finally, Eqis Capital Management Inc. acquired a new position in The Finish Line in the 3rd quarter worth $124,000. 99.94% of the stock is owned by hedge funds and other institutional investors.
Shares of The Finish Line (NASDAQ FINL) traded down 2.90% during trading on Friday, hitting $10.05. The stock had a trading volume of 867,010 shares. The stock’s market capitalization is $403.94 million. The stock’s 50 day moving average is $10.48 and its 200 day moving average is $12.81. The Finish Line has a 52 week low of $6.90 and a 52 week high of $24.50.
The Finish Line (NASDAQ:FINL) last posted its quarterly earnings data on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The Finish Line had a negative net margin of 2.13% and a positive return on equity of 5.44%. The firm had revenue of $469.40 million during the quarter, compared to analysts’ expectations of $478.25 million. During the same quarter in the previous year, the company posted $0.53 EPS. The Finish Line’s revenue was down 3.3% on a year-over-year basis. On average, equities research analysts expect that The Finish Line will post $0.54 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 24th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend is Wednesday, November 22nd. The Finish Line’s payout ratio is presently -45.83%.
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.
Receive News & Ratings for The Finish Line Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Finish Line Inc. and related companies with MarketBeat.com's FREE daily email newsletter.