Deutsche Bank AG downgraded shares of The Finish Line, Inc. (NASDAQ:FINL) from a hold rating to a sell rating in a research report report published on Tuesday morning. The brokerage currently has $5.00 price target on the specialty retailer’s stock, down from their previous price target of $15.00.

A number of other research analysts have also issued reports on FINL. Zacks Investment Research upgraded shares of The Finish Line from a sell rating to a hold rating in a research report on Tuesday, June 13th. Jefferies Group LLC set a $17.00 target price on shares of The Finish Line and gave the stock a buy rating in a research report on Sunday, August 20th. Bank of America Corporation restated a neutral rating and set a $14.00 target price (down previously from $16.00) on shares of The Finish Line in a research report on Monday, June 26th. BidaskClub lowered shares of The Finish Line from a sell rating to a strong sell rating in a research report on Friday, July 28th. Finally, FBR & Co restated a buy rating and set a $22.00 target price on shares of The Finish Line in a research report on Tuesday, June 27th. Seven equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company’s stock. The Finish Line has a consensus rating of Hold and an average price target of $12.55.

Shares of The Finish Line (FINL) opened at 8.50 on Tuesday. The stock’s market cap is $341.24 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 has a 12 month low of $6.90 and a 12 month high of $24.52.

The Finish Line (NASDAQ:FINL) last issued its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.23. The company had revenue of $429.80 million for the quarter, compared to analysts’ expectations 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 Finish Line’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS. Equities analysts anticipate that The Finish Line will post $0.71 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 25th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 5.18%. 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 4,077 shares of The Finish Line stock in a transaction dated Saturday, July 29th. The shares were sold at an average price of $21.67, for a total value of $88,348.59. Following the sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at $257,049.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line stock in a transaction dated Saturday, July 15th. The stock was sold at an average price of $22.71, for a total transaction of $170,892.75. Following the completion of the sale, 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 company insiders.

Hedge funds have recently made changes to their positions in the company. Texas Permanent School Fund raised its stake in shares of 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 valued at $417,000 after buying an additional 96 shares in the last quarter. Tocqueville Asset Management L.P. raised its stake in shares of 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 valued at $338,000 after buying an additional 154 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of 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 valued at $235,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System raised its stake in shares of 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 valued at $301,000 after buying an additional 200 shares in the last quarter. Finally, NGAM Advisors L.P. raised its stake in shares of 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 valued at $219,000 after buying an additional 240 shares in the last quarter. 99.94% of the stock is currently owned by institutional investors and hedge funds.

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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