The Finish Line, Inc. (NASDAQ:FINL) had its price objective increased by Bank of America Corporation from $14.00 to $15.00 in a research note published on Friday, July 21st. Bank of America Corporation currently has a neutral rating on the specialty retailer’s stock.
Several other equities analysts have also recently weighed in on FINL. Jefferies Group LLC set a $19.00 price objective on The Finish Line and gave the stock a buy rating in a research report on Saturday, March 25th. FBR & Co cut their price target on The Finish Line from $24.00 to $22.00 and set an outperform rating for the company in a report on Monday, March 27th. Wedbush cut their price target on The Finish Line from $18.00 to $15.00 and set a neutral rating for the company in a report on Monday, March 27th. Citigroup Inc. cut their price target on The Finish Line from $19.00 to $14.00 and set a neutral rating for the company in a report on Monday, March 27th. Finally, Canaccord Genuity set a $14.00 price target on The Finish Line and gave the company a hold rating in a report on Monday, March 27th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the company. The Finish Line presently has a consensus rating of Hold and a consensus price target of $18.11.
Shares of The Finish Line (NASDAQ:FINL) traded down 1.23% during midday trading on Friday, hitting $13.60. 993,877 shares of the stock were exchanged. The company’s market cap is $545.99 million. The Finish Line has a one year low of $12.25 and a one year high of $24.52. The firm has a 50 day moving average of $13.89 and a 200-day moving average of $15.21.
The Finish Line (NASDAQ:FINL) last posted its quarterly earnings data on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The business had revenue of $429.80 million during the quarter, compared to analysts’ expectations of $433.97 million. During the same quarter in the previous year, the firm earned $0.23 EPS. The firm’s revenue was up .0% compared to the same quarter last year. Equities analysts expect that The Finish Line will post $1.14 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 25th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.23%. The Finish Line’s dividend payout ratio (DPR) is presently -89.80%.
In other The Finish Line news, COO Melissa A. Greenwell sold 7,525 shares of the company’s stock in a transaction 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 transaction, the chief operating officer now owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Melissa A. Greenwell sold 4,077 shares of the company’s stock in a transaction on Saturday, July 29th. The stock was sold at an average price of $21.67, for a total value of $88,348.59. Following the transaction, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $257,049.54. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in The Finish Line during the second quarter worth $102,000. Envestnet Asset Management Inc. increased its position in 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 period. State of Alaska Department of Revenue increased its position in 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 period. Mason Street Advisors LLC increased its position in 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 period. Finally, Public Employees Retirement System of Ohio increased its position in 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 period.
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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