The Finish Line Inc. (NASDAQ:FINL)‘s stock had its “buy” rating reaffirmed by Brean Capital in a note issued to investors on Monday. They presently have a $24.00 price target on the stock. Brean Capital’s price target would suggest a potential upside of 6.43% from the company’s previous close.

FINL has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of The Finish Line from a “sell” rating to a “hold” rating in a research report on Monday, June 27th. Jefferies Group restated a “buy” rating and issued a $25.00 price objective (up previously from $24.00) on shares of The Finish Line in a research report on Monday, June 27th. Robert W. Baird restated a “hold” rating and issued a $20.00 price objective on shares of The Finish Line in a research report on Thursday, June 23rd. BB&T Corp. restated a “buy” rating and issued a $24.00 price objective on shares of The Finish Line in a research report on Tuesday, June 28th. Finally, Citigroup Inc. restated a “buy” rating and issued a $23.00 price objective on shares of The Finish Line in a research report on Wednesday, June 22nd. Twelve analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The Finish Line presently has an average rating of “Hold” and an average target price of $22.75.

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

The Finish Line (NASDAQ:FINL) traded down 2.34% during midday trading on Monday, hitting $22.54. 1,205,845 shares of the company were exchanged. The firm has a market capitalization of $914.27 million, a PE ratio of 71.33 and a beta of 0.99. The stock has a 50 day moving average of $23.48 and a 200 day moving average of $20.69. The Finish Line has a 1-year low of $15.37 and a 1-year high of $24.52.

The Finish Line (NASDAQ:FINL) last released its quarterly earnings data on Friday, September 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. The Finish Line had a net margin of 0.72% and a return on equity of 8.83%. The firm had revenue of $509.40 million for the quarter. During the same quarter in the previous year, the firm posted $0.57 EPS. The Finish Line’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that The Finish Line will post $1.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 26th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 24th. This represents a $0.40 dividend on an annualized basis and a yield of 1.77%. The Finish Line’s dividend payout ratio is currently 108.11%.

In other The Finish Line news, Director Norman H. Gurwitz sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $22.10, for a total transaction of $55,250.00. Following the completion of the sale, the director now directly owns 4,912 shares of the company’s stock, valued at $108,555.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Glenn S. Lyon sold 38,523 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $23.19, for a total transaction of $893,348.37. Following the sale, the insider now directly owns 192,088 shares of the company’s stock, valued at $4,454,520.72. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in FINL. Aperio Group LLC boosted its stake in shares of The Finish Line by 42.5% in the first quarter. Aperio Group LLC now owns 14,910 shares of the company’s stock worth $315,000 after buying an additional 4,449 shares during the period. Nisa Investment Advisors L.L.C. purchased a new stake in shares of The Finish Line during the first quarter worth about $323,000. Pacad Investment Ltd. purchased a new stake in shares of The Finish Line during the first quarter worth about $803,000. Ngam Advisors L.P. purchased a new stake in shares of The Finish Line during the first quarter worth about $236,000. Finally, BlackRock Group LTD boosted its stake in shares of The Finish Line by 6.2% in the first quarter. BlackRock Group LTD now owns 72,627 shares of the company’s stock worth $1,532,000 after buying an additional 4,225 shares during the period.

About The Finish Line

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.

5 Day Chart for NASDAQ:FINL

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