The Finish Line, Inc. (NASDAQ:FINL) hit a new 52-week low on Tuesday after Deutsche Bank AG downgraded the stock from a hold rating to a sell rating. Deutsche Bank AG now has a $5.00 price target on the stock, down from their previous price target of $15.00. The Finish Line traded as low as $8.47 and last traded at $8.40, with a volume of 21,466,068 shares traded. The stock had previously closed at $10.42.

FINL has been the topic of a number of other reports. Robert W. Baird downgraded The Finish Line to a “neutral” rating and dropped their price target for the stock from $15.00 to $8.00 in a research note on Tuesday. They noted that the move was a valuation call. Canaccord Genuity set a $14.00 price target on The Finish Line and gave the stock a “hold” rating in a research note on Thursday, June 22nd. UBS AG reaffirmed a “sell” rating and set a $9.00 price target (down from $14.00) on shares of The Finish Line in a research note on Monday, August 21st. BidaskClub lowered The Finish Line from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Finally, FBR & Co reissued a “buy” rating and set a $22.00 price objective on shares of The Finish Line in a report on Tuesday, June 27th. Seven investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the company. The Finish Line presently has a consensus rating of “Hold” and a consensus target price of $12.55.

In other The Finish Line news, COO Melissa A. Greenwell sold 4,077 shares of the stock in a transaction on 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Melissa A. Greenwell sold 7,525 shares of the 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 sale, the chief operating officer now 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.

Large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of The Finish Line during the second quarter worth about $102,000. State of Alaska Department of Revenue increased its stake in shares of 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 worth $112,000 after buying an additional 3,464 shares during the period. Mason Street Advisors LLC increased its stake in shares of 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 worth $135,000 after buying an additional 620 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of 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 worth $135,000 after buying an additional 650 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in shares of The Finish Line during the first quarter worth about $157,000. Institutional investors own 99.94% of the company’s stock.

The firm’s market cap is $333.21 million. The stock has a 50 day moving average price of $13.13 and a 200 day moving average price of $14.66.

The Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The business had revenue of $429.80 million for the quarter, compared to analyst estimates of $433.97 million. During the same quarter last year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Analysts expect that The Finish Line, Inc. will post $1.10 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 25th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.44 annualized dividend and a dividend yield of 4.22%. The Finish Line’s dividend payout ratio (DPR) is -89.80%.

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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.

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