Finish Line Inc (FINL) Given Consensus Recommendation of “Hold” by Brokerages
Finish Line Inc (NASDAQ:FINL) has been given an average recommendation of “Hold” by the twenty-two research firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $11.11.
A number of research firms have weighed in on FINL. B. Riley restated a “neutral” rating on shares of Finish Line in a research note on Wednesday, November 1st. Piper Jaffray Companies restated an “underweight” rating and issued a $8.00 price target on shares of Finish Line in a research note on Monday, September 18th. BidaskClub downgraded Finish Line from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Co decreased their price target on 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, Susquehanna Bancshares downgraded Finish Line from a “positive” rating to a “neutral” rating in a research note on Monday, October 2nd.
Finish Line (NASDAQ FINL) traded down $0.09 during trading hours on Friday, hitting $13.55. The company had a trading volume of 1,150,640 shares, compared to its average volume of 1,740,422. The company has a market capitalization of $534.98, a P/E ratio of 52.12, a PEG ratio of 1.92 and a beta of 1.37. Finish Line has a fifty-two week low of $6.90 and a fifty-two week high of $18.30.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. ING Groep NV acquired a new stake in shares of Finish Line in the third quarter valued at approximately $23,459,000. Numeric Investors LLC lifted its position in shares of Finish Line by 34.6% in the second quarter. Numeric Investors LLC now owns 1,845,310 shares of the specialty retailer’s stock valued at $26,148,000 after buying an additional 474,200 shares during the last quarter. State Street Corp lifted its position in shares of Finish Line by 6.5% in the second quarter. State Street Corp now owns 1,470,739 shares of the specialty retailer’s stock valued at $20,840,000 after buying an additional 90,370 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Finish Line by 29.5% in the third quarter. Schwab Charles Investment Management Inc. now owns 632,191 shares of the specialty retailer’s stock valued at $7,606,000 after buying an additional 144,124 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Finish Line by 3.3% during the 3rd quarter. Prudential Financial Inc. now owns 462,090 shares of the specialty retailer’s stock worth $5,559,000 after purchasing an additional 14,900 shares during the last quarter. 99.96% of the stock is owned by institutional investors.
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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.
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