Finish Line (FINL) Earning Very Positive News Coverage, Report Shows
Headlines about Finish Line (NASDAQ:FINL) have been trending very positive on Friday, AlphaOne reports. The research firm, a service of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Finish Line earned a media sentiment score of 0.69 on AlphaOne’s scale. AlphaOne also assigned media stories about the specialty retailer an impact score of 75 out of 100, meaning that recent news coverage is likely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted AlphaOne’s rankings:
- 32.9% Return Seen to Date on SmarTrend Finish Line Call (FINL) (mysmartrend.com)
- Respond to Intervention Team program gets more students to the finish line (ourquadcities.com)
- Giants limping toward distant finish line (sfchronicle.com)
- Isaiah Thomas and Al Horford want to cross the finish line (celticsblog.com)
- Cleanliness Matters with Finish Line (adventurecycling.org)
Several analysts have weighed in on the stock. Jefferies Group LLC set a $19.00 target price on shares of Finish Line and gave the stock a “buy” rating in a research report on Saturday, May 6th. B. Riley reissued a “neutral” rating and set a $15.00 target price on shares of Finish Line in a research report on Sunday, April 2nd. Mizuho downgraded shares of Finish Line from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $23.00 to $18.00 in a research report on Thursday, March 9th. Susquehanna Bancshares Inc dropped their target price on shares of Finish Line from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, January 30th. Finally, Zacks Investment Research raised shares of Finish Line from a “sell” rating to a “hold” rating in a report on Thursday, March 9th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $19.76.
Finish Line (NASDAQ:FINL) opened at 13.67 on Friday. The firm’s 50-day moving average is $14.96 and its 200-day moving average is $17.96. Finish Line has a 52-week low of $12.63 and a 52-week high of $24.52. The firm’s market capitalization is $551.63 million.
Finish Line (NASDAQ:FINL) last posted its quarterly earnings data on Friday, March 24th. The specialty retailer reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by $0.20. Finish Line had a negative net margin of 0.25% and a positive return on equity of 11.57%. The firm had revenue of $557.50 million during the quarter, compared to analysts’ expectations of $544.88 million. During the same quarter last year, the business earned $0.83 earnings per share. The business’s quarterly revenue was down .4% on a year-over-year basis. On average, analysts anticipate that Finish Line will post $1.15 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Friday, May 26th will be given a $0.11 dividend. The ex-dividend date is Wednesday, May 24th. This represents a $0.44 dividend on an annualized basis and a yield of 3.22%. Finish Line’s dividend payout ratio (DPR) is -285.71%.
In related news, COO Melissa A. Greenwell sold 7,525 shares of Finish Line stock in a transaction on Saturday, July 15th. The shares were sold at an average price of $22.71, for a total value of $170,892.75. Following the transaction, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $269,386.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Melissa A. Greenwell sold 4,077 shares of Finish Line stock in a transaction on Saturday, July 29th. The shares were sold at an average price of $21.67, for a total transaction of $88,348.59. Following the completion of the transaction, the chief operating officer now owns 11,862 shares in the company, valued at $257,049.54. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.
About Finish Line
The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.
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