Susquehanna lowered shares of The Finish Line Inc. (NASDAQ:FINL) from a positive rating to a neutral rating in a report issued on Monday. They currently have $23.00 price target on the stock, down from their prior price target of $23.67.

FINL has been the topic of a number of other research reports. Canaccord Genuity reiterated a buy rating and issued a $25.00 price objective on shares of The Finish Line in a report on Wednesday, September 21st. FBR & Co reiterated an outperform rating and issued a $25.00 price objective on shares of The Finish Line in a report on Wednesday, October 26th. Zacks Investment Research downgraded The Finish Line from a buy rating to a hold rating in a report on Monday, September 12th. Deutsche Bank AG reiterated a hold rating and issued a $24.00 price objective (up previously from $23.40) on shares of The Finish Line in a report on Monday, September 12th. Finally, Buckingham Research downgraded The Finish Line from a buy rating to a neutral rating and dropped their price objective for the company from $25.00 to $23.00 in a report on Monday, September 26th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The Finish Line has a consensus rating of Hold and a consensus price target of $23.00.

Shares of The Finish Line (NASDAQ:FINL) traded up 2.28% on Monday, reaching $23.33. The company’s stock had a trading volume of 384,367 shares. The Finish Line has a 1-year low of $15.51 and a 1-year high of $24.52. The company has a market capitalization of $946.31 million, a price-to-earnings ratio of 73.83 and a beta of 1.24. The stock has a 50-day moving average price of $21.35 and a 200-day moving average price of $21.07.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Stockholders of record on Friday, November 25th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, November 22nd. The Finish Line’s dividend payout ratio is currently 108.11%.

In related news, Director Norman H. Gurwitz sold 3,000 shares of the stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $22.41, for a total value of $67,230.00. Following the completion of the sale, the director now owns 5,518 shares in the company, valued at $123,658.38. The transaction 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 stock in a transaction dated Wednesday, September 28th. The shares were sold at an average price of $23.19, for a total transaction of $893,348.37. Following the completion of the sale, the insider now owns 192,088 shares of the company’s stock, valued at approximately $4,454,520.72. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas boosted its position in shares of The Finish Line by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,256 shares of the company’s stock worth $126,000 after buying an additional 760 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of The Finish Line by 95.6% in the second quarter. Meeder Asset Management Inc. now owns 7,015 shares of the company’s stock worth $142,000 after buying an additional 3,429 shares in the last quarter. Mason Street Advisors LLC acquired a new position in shares of The Finish Line during the second quarter worth approximately $167,000. Societe Generale acquired a new position in shares of The Finish Line during the second quarter worth approximately $184,000. Finally, Public Employees Retirement System of Ohio boosted its position 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 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.

5 Day Chart for NASDAQ:FINL

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.