The Finish Line Inc. (FINL) Stock Rating Reaffirmed by Brean Capital
The Finish Line Inc. (NASDAQ:FINL)‘s stock had its “buy” rating reaffirmed by analysts at Brean Capital in a report released on Monday. They presently have a $24.00 price objective on the stock. Brean Capital’s target price points to a potential upside of 5.49% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. B. Riley reaffirmed a “buy” rating and set a $22.00 target price on shares of The Finish Line in a research note on Wednesday, June 22nd. TheStreet cut The Finish Line to a “hold” rating in a research note on Wednesday, June 15th. Jefferies Group reaffirmed a “buy” rating and set a $25.00 target price (up previously from $24.00) on shares of The Finish Line in a research note on Monday, June 27th. Zacks Investment Research raised The Finish Line from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, August 31st. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $23.00 target price on shares of The Finish Line in a research note on Wednesday, June 22nd. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $22.75.
The Finish Line (NASDAQ:FINL) opened at 22.75 on Monday. The Finish Line has a 52 week low of $15.37 and a 52 week high of $24.52. The stock has a market cap of $922.79 million, a price-to-earnings ratio of 71.99 and a beta of 0.90. The firm’s 50-day moving average is $23.37 and its 200 day moving average is $20.62.
The Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, September 23rd. The company reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The Finish Line had a return on equity of 8.83% and a net margin of 0.72%. The business earned $509.40 million during the quarter. During the same period in the prior year, the business earned $0.57 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts expect that The Finish Line will post $1.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 26th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Wednesday, August 24th. The Finish Line’s payout ratio is presently 108.11%.
In related news, Director Stephen Goldsmith sold 4,000 shares of the business’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $21.73, for a total value of $86,920.00. Following the sale, the director now owns 36,651 shares of the company’s stock, valued at approximately $796,426.23. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Norman H. Gurwitz sold 2,500 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $22.10, for a total value of $55,250.00. Following the completion of the sale, the director now directly owns 4,912 shares in the company, valued at approximately $108,555.20. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY raised its stake in shares of The Finish Line by 13.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 35,394 shares of the company’s stock valued at $747,000 after buying an additional 4,320 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of The Finish Line during the first quarter valued at approximately $248,000. Invictus RG bought a new stake in shares of The Finish Line during the first quarter valued at approximately $163,000. Renaissance Technologies LLC bought a new stake in shares of The Finish Line during the first quarter valued at approximately $1,123,000. Finally, Quadrature Capital Ltd raised its stake in shares of The Finish Line by 29.7% in the first quarter. Quadrature Capital Ltd now owns 83,872 shares of the company’s stock valued at $1,770,000 after buying an additional 19,211 shares in the last quarter.
The Finish Line Company Profile
Finish Line, Inc is a specialty retailer. The Company operates two retail divisions: the Finish Line and JackRabbit brands. Finish Line is a retailer of athletic shoes, apparel and accessories. The Company operates approximately 590 Finish Line stores, which average over 5,550 square feet, in approximately 40 United States’ states and Puerto Rico.
Receive News & Stock 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 stocks with our FREE daily email newsletter.