The Finish Line, Inc. (NASDAQ:FINL)‘s stock had its “neutral” rating restated by equities research analysts at Susquehanna Bancshares Inc in a report issued on Friday. They currently have a $12.00 price objective on the specialty retailer’s stock. Susquehanna Bancshares Inc’s target price suggests a potential downside of 0.25% from the company’s previous close.

A number of other research analysts have also weighed in on FINL. Piper Jaffray Companies set a $13.00 price target on The Finish Line and gave the company a “hold” rating in a research note on Saturday, June 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $19.00 price objective on shares of The Finish Line in a research note on Friday, June 9th. BidaskClub downgraded shares of The Finish Line from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th. Wedbush reaffirmed a “neutral” rating and issued a $15.00 price objective on shares of The Finish Line in a report on Friday, June 16th. Finally, Bank of America Corporation downgraded The Finish Line from a “neutral” rating to an “underperform” rating in a research note on Friday, August 18th. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the company’s stock. The Finish Line has a consensus rating of “Hold” and an average target price of $11.48.

Shares of The Finish Line (NASDAQ FINL) traded down 4.66% during mid-day trading on Friday, hitting $11.47. The company had a trading volume of 807,893 shares. The firm’s 50-day moving average price is $11.03 and its 200 day moving average price is $13.72. The Finish Line has a one year low of $6.90 and a one year high of $24.50. The company’s market capitalization is $461.01 million.

The Finish Line (NASDAQ:FINL) last released its earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $469.40 million during the quarter, compared to the consensus estimate of $478.25 million. The Finish Line had a negative net margin of 2.13% and a positive return on equity of 5.44%. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 earnings per share. Analysts predict that The Finish Line will post $0.54 earnings per share for the current fiscal year.

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In other news, COO Melissa A. Greenwell sold 7,525 shares of the stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at $269,386.02. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Melissa A. Greenwell sold 4,077 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now owns 11,862 shares in the company, valued at $257,049.54. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of FINL. SG Americas Securities LLC purchased a new stake in The Finish Line in the 2nd quarter worth $102,000. State of Alaska Department of Revenue lifted its holdings in shares of The Finish Line by 77.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock valued at $112,000 after acquiring an additional 3,464 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of The Finish Line by 7.4% in the 1st quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 650 shares during the last quarter. Mason Street Advisors LLC lifted its holdings in shares of The Finish Line by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 620 shares during the last quarter. Finally, Weiss Asset Management LP bought a new position in shares of The Finish Line in the 1st quarter valued at about $157,000. 99.94% of the stock is currently owned by 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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