The Finish Line, Inc. (FINL) Receives $10.76 Average Price Target from Analysts
Shares of The Finish Line, Inc. (NASDAQ:FINL) have earned a consensus rating of “Hold” from the twenty-three analysts that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $10.76.
Several research firms recently weighed in on FINL. Piper Jaffray Companies set a $13.00 target price on shares of The Finish Line and gave the company a “hold” rating in a research note on Saturday, June 24th. Monness Crespi & Hardt raised shares of The Finish Line from a “neutral” rating to a “buy” rating and raised their target price for the company from $14.09 to $17.00 in a research note on Monday, May 22nd. They noted that the move was a valuation call. Jefferies Group LLC reissued a “buy” rating and issued a $19.00 target price on shares of The Finish Line in a research note on Friday, June 9th. BidaskClub downgraded The Finish Line from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. Finally, Citigroup Inc. downgraded The Finish Line from a “neutral” rating to a “sell” rating and cut their price target for the company from $14.00 to $5.00 in a report on Tuesday, August 29th.
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Shares of The Finish Line (NASDAQ FINL) traded up 3.883% during mid-day trading on Friday, hitting $9.765. 1,542,142 shares of the stock were exchanged. The Finish Line has a 12-month low of $6.90 and a 12-month high of $24.50. The company’s market capitalization is $392.03 million. The firm has a 50-day moving average price of $11.71 and a 200 day moving average price of $14.04.
The Finish Line (NASDAQ:FINL) last released its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share for the quarter, meeting the 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 during the quarter, compared to analysts’ expectations of $433.97 million. During the same period last year, the business earned $0.23 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. On average, equities research analysts expect that The Finish Line will post $0.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 25th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date was Wednesday, August 23rd. The Finish Line’s dividend payout ratio (DPR) is presently -89.80%.
In related news, COO Melissa A. Greenwell sold 4,077 shares of the business’s stock in a transaction dated Saturday, July 29th. The stock was sold at an average price of $21.67, for a total value of $88,348.59. Following the completion of 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 can be accessed through the SEC website. Also, COO Melissa A. Greenwell sold 7,525 shares of the business’s stock in a transaction dated Saturday, July 15th. The shares were 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 of the company’s stock, valued at approximately $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of FINL. Robeco Institutional Asset Management B.V. raised its stake in 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 valued at $8,541,000 after purchasing an additional 569,823 shares in the last quarter. Numeric Investors LLC raised its stake in 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 valued at $26,148,000 after purchasing an additional 474,200 shares in the last quarter. Bank of America Corp DE raised its stake in 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 valued at $7,702,000 after purchasing an additional 430,476 shares in the last quarter. Koch Industries Inc. acquired a new position in The Finish Line in the second quarter valued at about $242,000. Finally, Point72 Asset Management L.P. acquired a new position in The Finish Line in the first quarter valued at about $3,640,000. 99.94% of the stock is owned by institutional investors and hedge funds.
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.
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