The Finish Line, Inc. (FINL) Lowered to Underperform at Cowen and Company
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.
TRADEMARK VIOLATION NOTICE: “The Finish Line, Inc. (FINL) Lowered to Underperform at Cowen and Company” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/11/the-finish-line-inc-finl-lowered-to-underperform-at-cowen-and-company.html.
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.
Receive News & Stock Ratings for The Finish Line Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Finish Line Inc. and related stocks with our FREE daily email newsletter.