The Finish Line, Inc. (NASDAQ:FINL) had its price target raised by Bank of America Corporation from $14.00 to $15.00 in a report issued on Friday, July 21st. The brokerage currently has a neutral rating on the specialty retailer’s stock.
FINL has been the subject of several other research reports. Zacks Investment Research raised shares of The Finish Line from a sell rating to a hold rating in a research note on Tuesday, June 13th. Credit Suisse Group reduced their price objective on shares of The Finish Line from $19.00 to $14.00 and set a neutral rating for the company in a research note on Monday, March 27th. Canaccord Genuity set a $14.00 price objective on shares of The Finish Line and gave the company a hold rating in a research note on Monday, March 27th. Citigroup Inc. reduced their price objective on shares of The Finish Line from $19.00 to $14.00 and set a neutral rating for the company in a research note on Monday, March 27th. Finally, Wedbush reduced their price objective on shares of The Finish Line from $18.00 to $15.00 and set a neutral rating for the company in a research note on Monday, March 27th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $18.11.
Shares of The Finish Line (NASDAQ:FINL) traded down 1.07% during mid-day trading on Friday, hitting $12.03. 1,442,714 shares of the stock were exchanged. The stock’s market capitalization is $482.96 million. The Finish Line has a 52 week low of $11.85 and a 52 week high of $24.52. The stock’s 50-day moving average is $13.85 and its 200-day moving average is $14.97.
The Finish Line (NASDAQ:FINL) last issued its quarterly earnings data on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The company had revenue of $429.80 million during the quarter, compared to analysts’ expectations 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 Finish Line’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 earnings per share. Analysts forecast that The Finish Line will post $1.14 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 25th will be issued 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 dividend yield of 3.62%. The Finish Line’s payout ratio is -89.80%.
In related news, COO Melissa A. Greenwell sold 7,525 shares of the company’s stock in a transaction on Saturday, July 15th. The shares were 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 directly owns 11,862 shares in the company, valued at approximately $269,386.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Melissa A. Greenwell sold 4,077 shares of the company’s stock in a transaction on Saturday, July 29th. The shares were sold at an average price of $21.67, for a total transaction of $88,348.59. Following the sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at $257,049.54. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake 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 in the last quarter. SG Americas Securities LLC purchased a new stake in The Finish Line during the second quarter worth approximately $102,000. State of Alaska Department of Revenue increased its position 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. Public Employees Retirement System of Ohio increased its position 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, Mason Street Advisors LLC increased its position 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.
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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