Finish Line (FINL) Stock Rating Upgraded by BidaskClub

Finish Line (NASDAQ:FINL) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday.

Several other equities analysts have also issued reports on FINL. B. Riley reaffirmed a “neutral” rating on shares of Finish Line in a research report on Wednesday, November 1st. Canaccord Genuity lifted their price target on Finish Line from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Monday, September 25th. UBS lowered Finish Line from a “positive” rating to a “neutral” rating in a research report on Monday, October 2nd. Jefferies Group set a $13.00 price target on Finish Line and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, Susquehanna Bancshares reaffirmed a “hold” rating and issued a $12.00 price target on shares of Finish Line in a research report on Wednesday. Five 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 company has an average rating of “Hold” and an average price target of $11.00.

Finish Line (NASDAQ FINL) traded up $0.41 on Friday, hitting $12.13. The stock had a trading volume of 3,437,953 shares, compared to its average volume of 1,275,052. The stock has a market cap of $475.36, a price-to-earnings ratio of 19.21, a PEG ratio of 2.17 and a beta of 1.39. Finish Line has a 12-month low of $6.90 and a 12-month high of $23.61.

Finish Line (NASDAQ:FINL) last posted its quarterly earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $469.40 million during the quarter, compared to analyst estimates of $478.25 million. Finish Line had a positive return on equity of 5.44% and a negative net margin of 2.13%. Finish Line’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. sell-side analysts anticipate that Finish Line will post 0.52 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FINL. Teachers Advisors LLC grew its stake in shares of Finish Line by 4.1% during the 1st quarter. Teachers Advisors LLC now owns 73,151 shares of the specialty retailer’s stock valued at $1,041,000 after purchasing an additional 2,850 shares during the period. Aperio Group LLC bought a new stake in shares of Finish Line during the 2nd quarter valued at about $174,000. Municipal Employees Retirement System of Michigan grew its stake in shares of Finish Line by 9.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 20,390 shares of the specialty retailer’s stock valued at $289,000 after purchasing an additional 1,800 shares during the period. NGAM Advisors L.P. grew its stake in shares of Finish Line by 1.6% during the 2nd quarter. NGAM Advisors L.P. now owns 15,461 shares of the specialty retailer’s stock valued at $219,000 after purchasing an additional 240 shares during the period. Finally, Great West Life Assurance Co. Can grew its stake in shares of Finish Line by 6.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 59,298 shares of the specialty retailer’s stock valued at $839,000 after purchasing an additional 3,500 shares during the period. Institutional investors own 99.96% of the company’s stock.

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About 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 Finish Line (NASDAQ:FINL)

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