Finish Line Inc (FINL) Receives Average Rating of “Hold” from Brokerages

Finish Line Inc (NASDAQ:FINL) has been given a consensus recommendation of “Hold” by the twenty-two ratings firms that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $11.11.

A number of equities analysts have recently weighed in on the company. FBR & Co set a $10.00 price target on Finish Line and gave the stock a “hold” rating in a report on Tuesday, October 17th. Cowen set a $10.00 price target on Finish Line and gave the stock a “hold” rating in a report on Monday, October 23rd. B. Riley reissued a “neutral” rating on shares of Finish Line in a report on Wednesday, November 1st. Buckingham Research boosted their price target on Finish Line from $5.00 to $7.00 and gave the stock an “underperform” rating in a report on Monday, November 20th. Finally, Zacks Investment Research raised Finish Line from a “sell” rating to a “hold” rating in a report on Monday, November 20th.

Shares of Finish Line (NASDAQ FINL) traded up $0.30 during mid-day trading on Tuesday, reaching $10.45. The company had a trading volume of 1,291,631 shares, compared to its average volume of 1,502,053. The firm has a market capitalization of $426.25, a PE ratio of -37.32, a PEG ratio of 1.55 and a beta of 1.15. Finish Line has a 52-week low of $6.90 and a 52-week high of $18.30.

Finish Line (NASDAQ:FINL) last issued its quarterly earnings data on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.10. The firm had revenue of $378.50 million during the quarter, compared to analysts’ expectations of $361.46 million. Finish Line had a positive return on equity of 5.43% and a negative net margin of 0.62%. Finish Line’s revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.24) earnings per share. research analysts forecast that Finish Line will post 0.65 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 2nd will be given a $0.115 dividend. The ex-dividend date is Thursday, March 1st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.40%. This is an increase from Finish Line’s previous quarterly dividend of $0.11. Finish Line’s payout ratio is currently -157.14%.

Several large investors have recently made changes to their positions in FINL. Schwab Charles Investment Management Inc. grew its position in shares of Finish Line by 19.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 488,067 shares of the specialty retailer’s stock valued at $6,916,000 after purchasing an additional 79,086 shares during the period. Teachers Advisors LLC grew its position in shares of Finish Line by 1.8% in the second quarter. Teachers Advisors LLC now owns 74,464 shares of the specialty retailer’s stock valued at $1,055,000 after purchasing an additional 1,313 shares during the period. Ameriprise Financial Inc. grew its position in shares of Finish Line by 20.1% in the second quarter. Ameriprise Financial Inc. now owns 255,915 shares of the specialty retailer’s stock valued at $3,626,000 after purchasing an additional 42,881 shares during the period. Nationwide Fund Advisors grew its position in shares of Finish Line by 179.5% in the second quarter. Nationwide Fund Advisors now owns 80,726 shares of the specialty retailer’s stock valued at $1,144,000 after purchasing an additional 51,841 shares during the period. Finally, California Public Employees Retirement System grew its position in shares of Finish Line by 3.6% in the second quarter. California Public Employees Retirement System now owns 217,659 shares of the specialty retailer’s stock valued at $3,084,000 after purchasing an additional 7,600 shares during the period. 99.96% of the stock is owned by institutional investors and hedge funds.

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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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