The Finish Line, Inc. (NASDAQ:FINL)‘s stock had its “hold” rating restated by equities researchers at Canaccord Genuity in a note issued to investors on Tuesday. They presently have a $8.00 price target on the specialty retailer’s stock, down from their prior price target of $14.00. Canaccord Genuity’s target price suggests a potential downside of 2.91% from the stock’s previous close.

Several other research firms also recently commented on FINL. UBS AG reiterated a “sell” rating and issued a $9.00 price objective (down previously from $14.00) on shares of The Finish Line in a report on Monday, August 21st. BidaskClub downgraded The Finish Line from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. FBR & Co reiterated a “buy” rating and issued a $22.00 price objective on shares of The Finish Line in a report on Tuesday, June 27th. Piper Jaffray Companies set a $13.00 price objective on The Finish Line and gave the stock a “hold” rating in a report on Saturday, June 24th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $17.00 price objective on shares of The Finish Line in a report on Friday, June 23rd. Seven investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.55.

The Finish Line (NASDAQ:FINL) opened at 8.24 on Tuesday. The Finish Line has a 1-year low of $8.06 and a 1-year high of $24.52. The company’s 50-day moving average price is $13.13 and its 200-day moving average price is $14.66. The firm’s market capitalization is $330.80 million.

The Finish Line (NASDAQ:FINL) last released its quarterly earnings data on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.23. The firm 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 quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 earnings per share. Equities research analysts expect that The Finish Line will post $0.71 earnings per share for the current fiscal year.

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In other news, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction that occurred on Saturday, July 29th. The shares were sold at an average price of $21.67, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line stock in a transaction that occurred on Saturday, July 15th. The shares were sold at an average price of $22.71, for a total transaction of $170,892.75. Following 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. Insiders own 6.00% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in FINL. Public Employees Retirement System of Ohio raised its position in 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 The Finish Line during the second quarter valued at about $242,000. State Street Corp raised its position 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 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 The Finish Line during the second quarter valued at about $452,000. Finally, QS Investors LLC raised its position in 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. Hedge funds and other 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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