The Finish Line, Inc. (NASDAQ:FINL) has been assigned a $13.00 target price by investment analysts at Jefferies Group LLC in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the specialty retailer’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 24.76% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Piper Jaffray Companies set a $13.00 target price on The Finish Line and gave the company a “hold” rating in a report on Saturday, June 24th. FBR & Co cut The Finish Line from a “buy” rating to a “neutral” rating and reduced their target price for the company from $22.00 to $9.00 in a report on Tuesday. Citigroup Inc. cut The Finish Line from a “neutral” rating to a “sell” rating and reduced their target price for the company from $14.00 to $5.00 in a report on Tuesday. Monness Crespi & Hardt raised The Finish Line from a “neutral” rating to a “buy” rating and increased their target price for the company from $14.09 to $17.00 in a report on Monday, May 22nd. They noted that the move was a valuation call. Finally, BidaskClub cut The Finish Line from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Seven research analysts have rated the stock with a sell rating and sixteen have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $13.50.

The Finish Line (NASDAQ:FINL) traded down 17.85% during midday trading on Tuesday, hitting $8.56. 13,625,732 shares of the stock were exchanged. The company’s 50 day moving average is $13.13 and its 200 day moving average is $14.66. The Finish Line has a 1-year low of $6.90 and a 1-year high of $24.52. The company’s market capitalization is $343.65 million.

The Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 EPS 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 business had revenue of $429.80 million during the quarter, compared to analysts’ expectations of $433.97 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. Analysts predict that The Finish Line will post $1.10 earnings per share for the current fiscal year.

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In related news, COO Melissa A. Greenwell sold 4,077 shares of the stock in a transaction that occurred on Saturday, July 29th. The stock was sold at an average price of $21.67, for a total value of $88,348.59. Following the completion of the transaction, the chief operating officer now directly owns 11,862 shares in the company, valued at $257,049.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Melissa A. Greenwell sold 7,525 shares of the stock in a transaction that occurred on Saturday, July 15th. The stock was 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 owns 11,862 shares of the company’s stock, valued at $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 hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in shares of The Finish Line by 15.9% in the second quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock valued at $155,000 after buying an additional 1,504 shares during the last quarter. Koch Industries Inc. acquired a new position in shares of The Finish Line during the second quarter valued at $242,000. State Street Corp raised its position in shares of 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 valued at $20,840,000 after buying an additional 90,370 shares during the last quarter. Gotham Asset Management LLC acquired a new position in shares of The Finish Line during the second quarter valued at $452,000. Finally, QS Investors LLC raised its position in shares of The Finish Line by 0.5% in the second quarter. QS Investors LLC now owns 225,029 shares of the specialty retailer’s stock valued at $3,189,000 after buying an additional 1,212 shares during the last quarter. Institutional investors own 99.94% of the company’s stock.

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.

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

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