Equities researchers at Credit Suisse Group started coverage on shares of Finish Line (NASDAQ:FINL) in a research report issued on Monday, The Fly reports. The firm set an “underperform” rating on the specialty retailer’s stock.
A number of other research firms have also commented on FINL. Zacks Investment Research raised shares of Finish Line from a “sell” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Friday, March 2nd. BidaskClub raised shares of Finish Line from a “sell” rating to a “hold” rating in a research report on Friday, December 15th. B. Riley raised their price target on shares of Finish Line from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, December 28th. Buckingham Research set a $7.00 price target on shares of Finish Line and gave the stock a “sell” rating in a research report on Monday, December 25th. Finally, Deutsche Bank raised shares of Finish Line from a “sell” rating to a “hold” rating and set a $11.00 price target on the stock in a research report on Thursday, December 14th. Five research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $10.85.
Shares of Finish Line (NASDAQ:FINL) traded up $0.09 on Monday, hitting $10.55. 554,093 shares of the stock traded hands, compared to its average volume of 1,340,916. The company has a market capitalization of $421.81, a price-to-earnings ratio of -37.68, a PEG ratio of 1.32 and a beta of 1.16. Finish Line has a 52 week low of $6.90 and a 52 week high of $17.24.
A number of institutional investors have recently made changes to their positions in FINL. ING Groep NV acquired a new stake in Finish Line during the third quarter worth about $23,459,000. Maverick Capital Ltd. acquired a new stake in shares of Finish Line in the 4th quarter valued at approximately $4,108,000. Jefferies Group LLC acquired a new stake in shares of Finish Line in the 4th quarter valued at approximately $3,223,000. Two Sigma Advisers LP boosted its stake in shares of Finish Line by 124.7% in the 4th quarter. Two Sigma Advisers LP now owns 356,905 shares of the specialty retailer’s stock valued at $5,186,000 after purchasing an additional 198,064 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its stake in shares of Finish Line by 105.1% in the 4th quarter. Guggenheim Capital LLC now owns 370,695 shares of the specialty retailer’s stock valued at $5,387,000 after purchasing an additional 189,916 shares in the last quarter. Hedge funds and other institutional investors own 88.88% of the company’s stock.
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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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