The Finish Line, Inc. (NASDAQ:FINL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

According to Zacks, “The Finish Line, Inc. together with its wholly owned subsidiary Spike’s Holding, Inc. is one of the largest mall based specialty retailers of brand name athletic, outdoor and casual footwear, activewear and accessories in the United States. Their store generally carries a large selection of men’s, women’s and children’s athletic and casual shoes, as well as a broad assortment of activewear and accessories. Brand names offered by them include Nike, adidas, Reebok, And 1, K-Swiss, New Balance, Asics, Fila and Skechers. “

Several other brokerages also recently commented on FINL. Canaccord Genuity set a $14.00 price target on The Finish Line and gave the stock a “hold” rating in a research report on Thursday, June 22nd. UBS AG reaffirmed a “sell” rating and issued a $9.00 price target (down from $14.00) on shares of The Finish Line in a research report on Monday, August 21st. BidaskClub downgraded The Finish Line from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. FBR & Co reaffirmed a “buy” rating and issued a $22.00 price target on shares of The Finish Line in a research report on Tuesday, June 27th. Finally, Piper Jaffray Companies set a $13.00 price target on The Finish Line and gave the stock a “hold” rating in a research report on Saturday, June 24th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company’s stock. The Finish Line currently has a consensus rating of “Hold” and a consensus target price of $17.68.

The Finish Line (NASDAQ FINL) traded down 2.34% on Monday, hitting $10.42. 1,255,520 shares of the stock traded hands. The stock’s market cap is $418.32 million. The Finish Line has a 12-month low of $9.80 and a 12-month high of $24.52. The firm’s 50-day moving average price is $13.13 and its 200-day moving average price is $14.66.

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

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In other The Finish Line news, COO Melissa A. Greenwell sold 4,077 shares of the business’s stock in a transaction 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 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 SEC, which is available through the SEC website. Also, COO Melissa A. Greenwell sold 7,525 shares of the business’s stock in a transaction 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 directly owns 11,862 shares in the company, valued at approximately $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Texas Permanent School Fund raised its position in The Finish Line by 0.3% in the second quarter. Texas Permanent School Fund now owns 29,462 shares of the specialty retailer’s stock worth $417,000 after buying an additional 96 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in The Finish Line by 0.6% in the second quarter. Tocqueville Asset Management L.P. now owns 23,854 shares of the specialty retailer’s stock worth $338,000 after buying an additional 154 shares in the last quarter. Louisiana State Employees Retirement System raised its position in The Finish Line by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the specialty retailer’s stock worth $235,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System raised its position in The Finish Line by 1.0% in the first quarter. Arizona State Retirement System now owns 21,119 shares of the specialty retailer’s stock worth $301,000 after buying an additional 200 shares in the last quarter. Finally, NGAM Advisors L.P. raised its position in The Finish Line by 1.6% in the second quarter. NGAM Advisors L.P. now owns 15,461 shares of the specialty retailer’s stock worth $219,000 after buying an additional 240 shares in the last quarter. 99.94% of the stock is currently owned by institutional investors.

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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