The Finish Line, Inc. (FINL) Upgraded by Zacks Investment Research to “Hold”
Zacks Investment Research upgraded shares of The Finish Line, Inc. (NASDAQ:FINL) from a sell rating to a hold rating in a research note published on Monday.
According to Zacks, “The Finish Line, Inc. together with its wholly owned subsidiary Spike’s Holding, Inc. is one of the largest mall based specialty retailers of brand name athletic, outdoor and casual footwear, activewear and accessories in the United States. Their store generally carries a large selection of men’s, women’s and children’s athletic and casual shoes, as well as a broad assortment of activewear and accessories. Brand names offered by them include Nike, adidas, Reebok, And 1, K-Swiss, New Balance, Asics, Fila and Skechers. “
Several other equities analysts have also weighed in on FINL. Buckingham Research raised their target price on The Finish Line from $5.00 to $7.00 and gave the company an underperform rating in a report on Monday. Cowen and Company lowered The Finish Line from a market perform rating to an underperform rating and cut their target price for the company from $10.00 to $7.00 in a report on Friday, November 10th. B. Riley restated a neutral rating on shares of The Finish Line in a report on Wednesday, November 1st. FBR & Co set a $10.00 target price on The Finish Line and gave the company a hold rating in a report on Tuesday, October 17th. Finally, Susquehanna Bancshares Inc lowered The Finish Line from a positive rating to a neutral rating in a report on Monday, October 2nd. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $10.70.
Shares of The Finish Line (NASDAQ:FINL) traded up $0.34 during trading hours on Monday, hitting $10.08. The company had a trading volume of 1,871,900 shares, compared to its average volume of 1,831,657. The Finish Line has a twelve month low of $6.90 and a twelve month high of $24.50. The stock has a market capitalization of $401.14, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 1.81 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 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $478.25 million. During the same period last year, the company earned $0.53 earnings per share. The Finish Line’s quarterly revenue was down 3.3% compared to the same quarter last year. equities analysts anticipate that The Finish Line will post 0.52 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 24th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date is Wednesday, November 22nd. The Finish Line’s dividend payout ratio (DPR) is presently 137.50%.
Hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its position in The Finish Line by 3.6% during the second quarter. California Public Employees Retirement System now owns 217,659 shares of the specialty retailer’s stock worth $3,084,000 after buying an additional 7,600 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in The Finish Line by 20.1% during the second quarter. Ameriprise Financial Inc. now owns 255,915 shares of the specialty retailer’s stock valued at $3,626,000 after purchasing an additional 42,881 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in The Finish Line by 19.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 488,067 shares of the specialty retailer’s stock valued at $6,916,000 after purchasing an additional 79,086 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in The Finish Line during the second quarter valued at approximately $452,000. Finally, Airain ltd boosted its holdings in The Finish Line by 37.9% during the second quarter. Airain ltd now owns 148,369 shares of the specialty retailer’s stock valued at $2,102,000 after purchasing an additional 40,791 shares in the last quarter. 99.94% of the stock is currently owned by institutional investors and hedge funds.
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.
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