UBS AG reaffirmed their sell rating on shares of The Finish Line, Inc. (NASDAQ:FINL) in a research report report published on Monday, 99wallstreet.com reports. UBS AG currently has a $9.00 price target on the specialty retailer’s stock, down from their previous price target of $14.00.

Other equities research analysts also recently issued research reports about the stock. Piper Jaffray Companies set a $13.00 target price on shares of The Finish Line and gave the stock a hold rating in a research report on Saturday, June 24th. Jefferies Group LLC set a $19.00 target price on shares of The Finish Line and gave the stock a buy rating in a research report on Saturday, May 6th. Monness Crespi & Hardt raised shares of The Finish Line from a neutral rating to a buy rating and boosted their target price for the stock from $14.09 to $17.00 in a research report on Monday, May 22nd. They noted that the move was a valuation call. BidaskClub lowered shares of The Finish Line from a hold rating to a sell rating in a report on Thursday, August 17th. Finally, Canaccord Genuity reaffirmed a hold rating and issued a $14.00 price target on shares of The Finish Line in a report on Friday, May 26th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $17.68.

The Finish Line (NASDAQ:FINL) opened at 10.34 on Monday. The Finish Line has a 52 week low of $9.80 and a 52 week high of $24.52. The stock’s market cap is $415.11 million. The company has a 50-day moving average price of $13.36 and a 200-day moving average price of $14.73. The Finish Line also saw unusually large options trading activity on Monday. Stock traders acquired 5,012 put options on the stock. This is an increase of approximately 332% compared to the average daily volume of 1,159 put options.

The Finish Line (NASDAQ:FINL) last released its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. The company had revenue of $429.80 million during the quarter, compared to the consensus estimate of $433.97 million. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 EPS. Equities research analysts anticipate that The Finish Line will post $1.10 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Wednesday, August 23rd. The Finish Line’s payout ratio is -89.80%.

In other The Finish Line news, COO Melissa A. Greenwell sold 7,525 shares of the business’s stock in a transaction dated Saturday, July 15th. The shares were sold at an average price of $22.71, for a total transaction of $170,892.75. Following the sale, 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 Securities & Exchange Commission, which can be accessed through this link. Also, COO Melissa A. Greenwell sold 4,077 shares of the business’s stock in a transaction dated Saturday, July 29th. The stock was sold at an average price of $21.67, for a total transaction of $88,348.59. Following the sale, 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. 6.00% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the company. LSV Asset Management increased its stake in The Finish Line by 10.6% in the first quarter. LSV Asset Management now owns 2,044,159 shares of the specialty retailer’s stock worth $29,088,000 after buying an additional 195,891 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in The Finish Line by 8.2% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,917,439 shares of the specialty retailer’s stock worth $27,170,000 after buying an additional 146,110 shares during the period. Numeric Investors LLC increased its stake in The Finish Line by 34.6% in the second quarter. Numeric Investors LLC now owns 1,845,310 shares of the specialty retailer’s stock worth $26,148,000 after buying an additional 474,200 shares during the period. Boston Partners increased its stake in The Finish Line by 2.7% in the second quarter. Boston Partners now owns 1,794,536 shares of the specialty retailer’s stock worth $25,429,000 after buying an additional 47,012 shares during the period. Finally, State Street Corp increased its stake in The Finish Line by 6.5% in the second quarter. State Street Corp now owns 1,470,739 shares of the specialty retailer’s stock worth $20,840,000 after buying an additional 90,370 shares during the period.

About The 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.

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

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