Finish Line Inc (NASDAQ:FINL) – Equities researchers at Wedbush increased their Q3 2018 EPS estimates for Finish Line in a report issued on Tuesday. Wedbush analyst C. Svezia now expects that the specialty retailer will post earnings of ($0.35) per share for the quarter, up from their prior estimate of ($0.36). Wedbush also issued estimates for Finish Line’s Q4 2018 earnings at $0.55 EPS, FY2018 earnings at $0.55 EPS and FY2019 earnings at $0.66 EPS.

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 Zacks’ consensus estimate of $0.11 by $0.01. Finish Line had a positive return on equity of 5.44% and a negative net margin of 2.13%. The firm had revenue of $469.40 million for the quarter, compared to analyst estimates of $478.25 million. During the same period last year, the company earned $0.53 EPS. The business’s quarterly revenue was down 3.3% compared to the same quarter last year.

Several other research analysts have also issued reports on FINL. B. Riley reiterated a “neutral” rating on shares of Finish Line in a report on Wednesday, November 1st. BidaskClub upgraded Finish Line from a “sell” rating to a “hold” rating in a report on Friday. Canaccord Genuity lifted their target price on Finish Line from $8.00 to $9.00 and gave the stock a “hold” rating in a report on Monday, September 25th. UBS lowered Finish Line from a “positive” rating to a “neutral” rating in a report on Monday, October 2nd. Finally, Jefferies Group set a $13.00 target price on Finish Line and gave the stock a “buy” rating in a report on Tuesday, August 29th. Five research 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. Finish Line presently has a consensus rating of “Hold” and an average target price of $11.00.

Finish Line (NASDAQ FINL) traded up $0.01 during trading hours on Friday, hitting $11.72. The stock had a trading volume of 2,188,900 shares, compared to its average volume of 1,789,159. Finish Line has a 1-year low of $6.90 and a 1-year high of $23.96. The company has a market cap of $474.96, a price-to-earnings ratio of 19.20, a P/E/G ratio of 2.17 and a beta of 1.39.

The business also recently announced a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Friday, November 24th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Wednesday, November 22nd. Finish Line’s dividend payout ratio is currently -45.83%.

Large investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System grew its holdings in 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 purchasing an additional 7,600 shares during the period. Ameriprise Financial Inc. grew its holdings in Finish Line by 20.1% during the second quarter. Ameriprise Financial Inc. now owns 255,915 shares of the specialty retailer’s stock worth $3,626,000 after purchasing an additional 42,881 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in 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 worth $6,916,000 after purchasing an additional 79,086 shares during the period. Gotham Asset Management LLC bought a new position in Finish Line during the second quarter worth about $452,000. Finally, Trexquant Investment LP bought a new position in Finish Line during the third quarter worth about $1,819,000. 99.96% of the stock is currently owned by institutional investors and hedge funds.

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About 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.

Earnings History and Estimates for Finish Line (NASDAQ:FINL)

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