Bank of America Corporation cut shares of The Finish Line, Inc. (NASDAQ:FINL) from a neutral rating to an underperform rating in a research report report published on Friday, The Fly reports.

A number of other brokerages have also recently weighed in on FINL. Canaccord Genuity set a $14.00 price target on The Finish Line and gave the company a hold rating in a research report on Thursday, June 22nd. BidaskClub cut The Finish Line from a hold rating to a sell rating in a research report on Thursday, August 17th. FBR & Co reiterated a buy rating and issued a $22.00 price target on shares of The Finish Line in a research report on Tuesday, June 27th. Piper Jaffray Companies set a $13.00 price target on The Finish Line and gave the company a hold rating in a research report on Saturday, June 24th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $17.00 price target on shares of The Finish Line in a research report on Friday, June 23rd. Three investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $17.68.

Shares of The Finish Line (NASDAQ FINL) opened at 9.89 on Friday. The firm has a 50-day moving average price of $13.57 and a 200-day moving average price of $14.82. The Finish Line has a 1-year low of $9.80 and a 1-year high of $24.52. The company’s market capitalization is $397.04 million.

The Finish Line (NASDAQ:FINL) last announced its quarterly earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The firm had revenue of $429.80 million for the quarter, compared to analysts’ expectations of $433.97 million. During the same period in the prior year, the business posted $0.23 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. Equities analysts anticipate that The Finish Line will post $1.13 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Wednesday, August 23rd. The Finish Line’s dividend payout ratio (DPR) is presently -89.80%.

In other The Finish Line news, COO Melissa A. Greenwell sold 4,077 shares of the stock in a transaction dated Saturday, July 29th. The stock was sold at an average price of $21.67, for a total value of $88,348.59. Following the transaction, the chief operating officer now owns 11,862 shares of the company’s stock, valued at $257,049.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Melissa A. Greenwell sold 7,525 shares of the stock in a transaction dated Saturday, July 15th. The shares were sold at an average price of $22.71, for a total value of $170,892.75. Following the completion of the transaction, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $269,386.02. The disclosure for this sale can be found here. Corporate insiders own 6.00% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in The Finish Line during the second quarter valued at $102,000. State of Alaska Department of Revenue raised its position in The Finish Line by 77.0% in the second quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 3,464 shares during the last quarter. Mason Street Advisors LLC raised its position in The Finish Line by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 620 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in The Finish Line by 7.4% in the first quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock valued at $135,000 after buying an additional 650 shares during the last quarter. Finally, Weiss Asset Management LP bought a new position in The Finish Line during the first quarter valued at $157,000.

The Finish Line Company Profile

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.

The Fly

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

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