Cowen and Company downgraded shares of The Finish Line, Inc. (NASDAQ:FINL) from a market perform rating to an underperform rating in a report released on Friday morning. They currently have $7.00 price objective on the specialty retailer’s stock, down from their prior price objective of $10.00.

Several other brokerages also recently commented on FINL. Bank of America Corporation boosted their price objective on The Finish Line from $14.00 to $15.00 and gave the company a neutral rating in a research report on Friday, July 21st. BidaskClub downgraded The Finish Line from a sell rating to a strong sell rating in a research report on Friday, July 28th. Wells Fargo & Company lowered their price objective on The Finish Line from $12.00 to $9.00 and set a market perform rating on the stock in a research report on Sunday, October 1st. UBS AG downgraded The Finish Line from a positive rating to a neutral rating in a research report on Monday, October 2nd. Finally, Susquehanna Bancshares Inc downgraded The Finish Line from a positive rating to a neutral rating in a research report on Monday, October 2nd. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $10.60.

Shares of The Finish Line (NASDAQ:FINL) traded down $0.90 during trading on Friday, hitting $9.10. The stock had a trading volume of 3,538,700 shares, compared to its average volume of 1,841,206. The Finish Line has a fifty-two week low of $6.90 and a fifty-two week high of $24.50. The stock has a market capitalization of $333.21, a P/E ratio of 16.39, a price-to-earnings-growth ratio of 1.82 and a beta of 1.33.

The Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Friday, September 22nd. The specialty retailer reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The Finish Line had a positive return on equity of 5.44% and a negative net margin of 2.13%. The business had revenue of $469.40 million for the quarter, compared to the consensus estimate of $478.25 million. During the same period in the previous year, the business earned $0.53 earnings per share. The business’s revenue was down 3.3% on a year-over-year basis. research analysts anticipate that The Finish Line will post 0.53 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.11 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $0.44 annualized dividend and a yield of 4.84%. The Finish Line’s payout ratio is currently 137.50%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of The Finish Line during the second quarter valued at approximately $102,000. State of Alaska Department of Revenue grew its stake in shares of The Finish Line by 77.0% during the second quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 3,464 shares during the last quarter. FNY Managed Accounts LLC grew its stake in shares of The Finish Line by 5,100.0% during the third quarter. FNY Managed Accounts LLC now owns 10,000 shares of the specialty retailer’s stock valued at $120,000 after buying an additional 10,200 shares during the last quarter. Fernwood Investment Management LLC bought a new position in shares of The Finish Line during the third quarter valued at approximately $120,000. Finally, Eqis Capital Management Inc. bought a new position in shares of The Finish Line during the third quarter valued at approximately $124,000. 99.51% 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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