Susquehanna started coverage on shares of The Finish Line Inc. (NASDAQ:FINL) in a report published on Tuesday morning. The brokerage issued a neutral rating on the stock.

Several other brokerages have also recently weighed in on FINL. Piper Jaffray Cos. set a $18.00 price target on shares of The Finish Line and gave the stock a hold rating in a research report on Wednesday, September 21st. Bank of America Corp. restated a buy rating and issued a $26.00 price target on shares of The Finish Line in a research report on Monday, September 26th. Brean Capital restated a buy rating and issued a $24.00 price target on shares of The Finish Line in a research report on Monday, October 3rd. TheStreet cut shares of The Finish Line to a hold rating in a research report on Wednesday, June 15th. Finally, Deutsche Bank AG restated a hold rating and issued a $24.00 price target (up previously from $23.40) on shares of The Finish Line in a research report on Monday, September 12th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of Hold and an average price target of $22.75.

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

The Finish Line (NASDAQ:FINL) traded up 1.22% during midday trading on Tuesday, reaching $22.32. 178,051 shares of the company’s stock traded hands. The stock has a market cap of $905.34 million, a P/E ratio of 70.63 and a beta of 0.99. The Finish Line has a 52-week low of $15.37 and a 52-week high of $24.52. The company’s 50-day moving average price is $23.27 and its 200-day moving average price is $20.86.

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 the consensus estimate of $0.53. The firm had revenue of $509.40 million for the quarter. The Finish Line had a net margin of 0.72% and a return on equity of 8.83%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. On average, equities analysts predict that The Finish Line will post $1.54 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 26th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend was Wednesday, August 24th. The Finish Line’s dividend payout ratio (DPR) is presently 108.11%.

In other The Finish Line news, Director Stephen Goldsmith sold 4,000 shares of the firm’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 completion of the sale, the director now directly owns 36,651 shares of the company’s stock, valued at approximately $796,426.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Norman H. Gurwitz sold 2,500 shares of the firm’s stock in a transaction on Friday, July 15th. The stock was 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 of the company’s stock, valued at $108,555.20. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Algert Global LLC bought a new stake in shares of The Finish Line during the third quarter worth about $680,000. Foundry Partners LLC increased its stake in shares of The Finish Line by 5.0% in the third quarter. Foundry Partners LLC now owns 145,345 shares of the company’s stock worth $3,355,000 after buying an additional 6,917 shares during the period. Macquarie Group Ltd. increased its stake in shares of The Finish Line by 1.8% in the second quarter. Macquarie Group Ltd. now owns 458,195 shares of the company’s stock worth $9,251,000 after buying an additional 8,041 shares during the period. Mason Street Advisors LLC bought a new stake in shares of The Finish Line during the second quarter worth about $167,000. Finally, Public Employees Retirement System of Ohio increased its stake in shares of The Finish Line by 15.8% in the second quarter. Public Employees Retirement System of Ohio now owns 9,145 shares of the company’s stock worth $185,000 after buying an additional 1,246 shares during the period.

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.

5 Day Chart for NASDAQ:FINL

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