The Finish Line Inc. (FINL) Rating Reiterated by Wedbush
The Finish Line Inc. (NASDAQ:FINL)‘s stock had its “outperform” rating reiterated by Wedbush in a research note issued to investors on Wednesday. They presently have a $25.00 price objective on the stock. Wedbush’s price objective would suggest a potential upside of 11.46% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. Brean Capital reiterated a “buy” rating and set a $24.00 price objective on shares of The Finish Line in a research report on Monday, September 26th. Monness Crespi & Hardt raised their price target on shares of The Finish Line from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, September 26th. Zacks Investment Research upgraded shares of The Finish Line from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday, August 31st. Citigroup Inc. restated a “buy” rating and issued a $24.00 price target on shares of The Finish Line in a report on Tuesday, August 23rd. Finally, Canaccord Genuity restated a “buy” rating and issued a $25.00 price target on shares of The Finish Line in a report on Wednesday, September 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.00.
Shares of The Finish Line (NASDAQ:FINL) traded down 2.69% during midday trading on Wednesday, reaching $22.44. 1,009,575 shares of the company’s stock traded hands. The stock has a market cap of $910.21 million, a P/E ratio of 71.01 and a beta of 1.24. The Finish Line has a 12 month low of $15.51 and a 12 month high of $24.52. The stock has a 50 day moving average of $21.46 and a 200-day moving average of $21.18.
The Finish Line (NASDAQ:FINL) last posted its quarterly earnings data on Friday, September 23rd. The company reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The Finish Line had a net margin of 0.72% and a return on equity of 8.83%. The company earned $509.40 million during the quarter. During the same quarter last year, the company earned $0.57 earnings per share. The company’s quarterly 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 fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 25th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 22nd. This represents a $0.40 annualized dividend and a yield of 1.78%. The Finish Line’s dividend payout ratio is currently 108.11%.
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In related news, Director Norman H. Gurwitz sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $22.41, for a total transaction of $67,230.00. Following the completion of the transaction, the director now owns 5,518 shares of the company’s stock, valued at $123,658.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Glenn S. Lyon sold 38,523 shares of the business’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 transaction, the insider now directly 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. Corporate insiders own 4.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of FINL. Deprince Race & Zollo Inc. bought a new position in The Finish Line during the second quarter worth approximately $40,831,000. Nisa Investment Advisors LLC boosted its position in The Finish Line by 5.2% in the second quarter. Nisa Investment Advisors LLC now owns 16,099 shares of the company’s stock worth $325,000 after buying an additional 800 shares in the last quarter. SECOR Capital Advisors LP bought a new position in The Finish Line during the second quarter worth approximately $579,000. Lucus Advisors LLC bought a new position in The Finish Line during the second quarter worth approximately $345,000. Finally, Tocqueville Asset Management L.P. boosted its position in The Finish Line by 60.7% in the second quarter. Tocqueville Asset Management L.P. now owns 92,700 shares of the company’s stock worth $1,872,000 after buying an additional 35,000 shares in the last quarter.
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.
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