The Finish Line, Inc. (NASDAQ:FINL)‘s stock had its “underweight” rating reissued by stock analysts at Piper Jaffray Companies in a research report issued to clients and investors on Monday.

A number of other brokerages have also recently commented on FINL. Jefferies Group LLC reaffirmed a “buy” rating and issued a $19.00 target price on shares of The Finish Line in a report on Friday, June 9th. Zacks Investment Research raised shares of The Finish Line from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Canaccord Genuity reaffirmed a “hold” rating and issued a $14.00 target price on shares of The Finish Line in a report on Friday, May 26th. Bank of America Corporation lifted their target price 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. Finally, Wedbush reaffirmed a “neutral” rating and issued a $15.00 target price on shares of The Finish Line in a report on Friday, June 16th. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have assigned a buy rating to the stock. The Finish Line presently has an average rating of “Hold” and an average target price of $11.55.

The Finish Line (NASDAQ:FINL) traded down 4.67% during mid-day trading on Monday, hitting $10.00. 505,653 shares of the stock were exchanged. The firm’s market cap is $401.46 million. The company has a 50 day moving average price of $11.26 and a 200 day moving average price of $13.85. The Finish Line has a 52-week low of $6.90 and a 52-week high of $24.50.

The Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. The business 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 company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. On average, analysts anticipate that The Finish Line will post $0.57 EPS for the current year.

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In related news, COO Melissa A. Greenwell sold 4,077 shares of the business’s 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 directly owns 11,862 shares in the company, valued at approximately $257,049.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Melissa A. Greenwell sold 7,525 shares of the business’s 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 owns 11,862 shares in the company, valued at $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Texas Permanent School Fund boosted its position in shares of The Finish Line by 0.3% in the 2nd quarter. Texas Permanent School Fund now owns 29,462 shares of the specialty retailer’s stock worth $417,000 after buying an additional 96 shares in the last quarter. Tocqueville Asset Management L.P. boosted its position in shares of The Finish Line by 0.6% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 23,854 shares of the specialty retailer’s stock worth $338,000 after buying an additional 154 shares in the last quarter. Arizona State Retirement System boosted its position in shares of The Finish Line by 1.0% in the 1st quarter. Arizona State Retirement System now owns 21,119 shares of the specialty retailer’s stock worth $301,000 after buying an additional 200 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of The Finish Line by 1.2% in the 1st quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the specialty retailer’s stock worth $235,000 after buying an additional 200 shares in the last quarter. Finally, NGAM Advisors L.P. boosted its position in shares of The Finish Line by 1.6% in the 2nd quarter. NGAM Advisors L.P. now owns 15,461 shares of the specialty retailer’s stock worth $219,000 after buying an additional 240 shares in the last quarter. Institutional investors and hedge funds 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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