Piper Jaffray Companies reissued their neutral rating on shares of The Finish Line, Inc. (NASDAQ:FINL) in a research note published on Tuesday. They currently have a $8.00 price target on the specialty retailer’s stock, down from their previous price target of $13.00.

Several other analysts have also recently commented on the stock. Monness Crespi & Hardt upgraded shares of The Finish Line from a neutral rating to a buy rating and raised their target price for the stock from $14.09 to $17.00 in a research note on Monday, May 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of The Finish Line from a sell rating to a hold rating in a report on Tuesday, June 27th. Bank of America Corporation increased their price target on shares of The Finish Line from $14.00 to $15.00 and gave the company a neutral rating in a report on Friday, July 21st. FBR & Co reiterated a buy rating and issued a $22.00 price target on shares of The Finish Line in a report on Tuesday, June 27th. Finally, BidaskClub downgraded shares of The Finish Line from a sell rating to a strong sell rating in a report on Friday, July 28th. 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 Finish Line presently has an average rating of Hold and a consensus target price of $11.79.

The Finish Line (NASDAQ:FINL) traded up 1.68% on Tuesday, reaching $8.47. 236,799 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $12.55 and a 200-day moving average price of $14.41. The Finish Line has a 1-year low of $8.34 and a 1-year high of $24.52. The company’s market capitalization is $340.04 million.

The Finish Line (NASDAQ:FINL) last released its 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 Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The company had revenue of $429.80 million during the quarter, compared to analysts’ expectations of $433.97 million. During the same quarter last year, the business earned $0.23 EPS. The business’s revenue was up .0% on a year-over-year basis. Equities research analysts expect that The Finish Line will post $0.66 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 25th will be given a $0.11 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.44 annualized dividend and a dividend yield of 5.28%. The Finish Line’s dividend payout ratio is presently -89.80%.

In related news, COO Melissa A. Greenwell sold 7,525 shares of the firm’s stock in a transaction that occurred on Saturday, July 15th. The shares were sold at an average price of $22.71, for a total value of $170,892.75. Following the sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at $269,386.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Melissa A. Greenwell sold 4,077 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 11,862 shares in the company, valued at $257,049.54. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. boosted its position in shares of The Finish Line by 1,730.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 602,745 shares of the specialty retailer’s stock worth $8,541,000 after buying an additional 569,823 shares during the period. Numeric Investors LLC boosted its position in shares of The Finish Line by 34.6% in the second quarter. Numeric Investors LLC now owns 1,845,310 shares of the specialty retailer’s stock worth $26,148,000 after buying an additional 474,200 shares during the period. Bank of America Corp DE boosted its position in shares of The Finish Line by 388.8% in the first quarter. Bank of America Corp DE now owns 541,195 shares of the specialty retailer’s stock worth $7,702,000 after buying an additional 430,476 shares during the period. Koch Industries Inc. acquired a new position in shares of The Finish Line during the second quarter worth $242,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of The Finish Line during the first quarter worth $3,640,000. 99.94% of the stock is currently owned by hedge funds and other institutional investors.

About The Finish Line

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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