Shares of The Finish Line, Inc. (NASDAQ:FINL) have received an average recommendation of “Hold” from the twenty-one analysts that are currently covering the firm, MarketBeat.com reports. Eighteen equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $17.24.
Several equities analysts have recently weighed in on the stock. Jefferies Group LLC set a $19.00 target price on shares of The Finish Line and gave the stock a “buy” rating in a research note on Saturday, May 6th. B. Riley reiterated a “neutral” rating and issued a $15.00 target price on shares of The Finish Line in a research note on Sunday, April 2nd. Piper Jaffray Companies set a $13.00 target price on shares of The Finish Line and gave the stock a “hold” rating in a research note on Saturday, June 24th. Bank of America Corporation lifted their target price on shares of The Finish Line from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, July 21st. Finally, Wedbush reiterated a “neutral” rating and issued a $15.00 target price on shares of The Finish Line in a research note on Friday, June 16th.
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In other news, COO Melissa A. Greenwell sold 4,077 shares of the business’s stock in a transaction that occurred on Saturday, July 29th. The shares were sold at an average price of $21.67, for a total value of $88,348.59. Following the completion of the sale, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $257,049.54. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Melissa A. Greenwell sold 7,525 shares of the business’s stock in a transaction that occurred on Saturday, July 15th. The stock was sold at an average price of $22.71, for a total transaction of $170,892.75. Following the completion of the sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of The Finish Line by 148.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,935 shares of the specialty retailer’s stock worth $112,000 after buying an additional 3,549 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of The Finish Line by 77.0% in the second quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock worth $112,000 after buying an additional 3,464 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of The Finish Line by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock worth $135,000 after buying an additional 620 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of The Finish Line by 7.4% in the first quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock worth $135,000 after buying an additional 650 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of The Finish Line during the first quarter worth $157,000.
Shares of The Finish Line (NASDAQ:FINL) traded down 1.17% on Friday, hitting $13.47. 953,456 shares of the company’s stock were exchanged. The Finish Line has a 12 month low of $12.25 and a 12 month high of $24.52. The firm’s market cap is $540.77 million. The stock’s 50 day moving average is $14.03 and its 200 day moving average is $15.42.
The Finish Line (NASDAQ:FINL) last posted its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The firm had revenue of $429.80 million during the quarter, compared to the consensus estimate of $433.97 million. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. On average, equities analysts predict that The Finish Line will post $1.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 25th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.27%. The Finish Line’s dividend payout ratio is presently -89.80%.
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.
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