The Finish Line, Inc. (FINL) Cut to Sell at BidaskClub

BidaskClub lowered shares of The Finish Line, Inc. (NASDAQ:FINL) from a hold rating to a sell rating in a report published on Thursday.

FINL has been the topic of several other reports. Zacks Investment Research upgraded shares of The Finish Line from a sell rating to a hold rating in a report on Tuesday, June 13th. Bank of America Corporation reiterated a neutral rating and issued a $14.00 target price (down from $16.00) on shares of The Finish Line in a report on Monday, June 26th. Jefferies Group LLC reiterated a buy rating and issued a $17.00 target price on shares of The Finish Line in a report on Friday, June 23rd. Canaccord Genuity set a $14.00 target price on shares of The Finish Line and gave the company a hold rating in a report on Thursday, June 22nd. Finally, FBR & Co reiterated a buy rating and issued a $22.00 target price on shares of The Finish Line in a report on Tuesday, June 27th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $18.11.

Shares of The Finish Line (NASDAQ:FINL) opened at 11.01 on Thursday. The stock’s market capitalization is $442.01 million. The Finish Line has a 52-week low of $10.49 and a 52-week high of $24.52. The company has a 50-day moving average of $13.69 and a 200-day moving average of $14.90.

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, meeting the consensus estimate of $0.23. The company had revenue of $429.80 million for the quarter, compared to analyst estimates 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 was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. Equities research analysts anticipate that The Finish Line will post $1.14 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 25th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend is Wednesday, August 23rd. The Finish Line’s payout ratio is currently -89.80%.

In other The Finish Line news, COO Melissa A. Greenwell sold 7,525 shares of the stock in a transaction that occurred on Saturday, July 15th. The shares were sold at an average price of $22.71, for a total value of $170,892.75. Following the sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Melissa A. Greenwell sold 4,077 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 11,862 shares in the company, valued at $257,049.54. The disclosure for this sale can be found here. 6.00% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in FINL. Trexquant Investment LP purchased a new stake in shares of The Finish Line during the first quarter worth approximately $3,143,000. State of Tennessee Treasury Department increased its stake in shares of The Finish Line by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 39,843 shares of the specialty retailer’s stock worth $567,000 after buying an additional 6,013 shares in the last quarter. American Century Companies Inc. increased its stake in shares of The Finish Line by 1.7% in the first quarter. American Century Companies Inc. now owns 156,144 shares of the specialty retailer’s stock worth $2,222,000 after buying an additional 2,553 shares in the last quarter. First Trust Advisors LP increased its stake in shares of The Finish Line by 87.1% in the first quarter. First Trust Advisors LP now owns 59,019 shares of the specialty retailer’s stock worth $840,000 after buying an additional 27,469 shares in the last quarter. Finally, LSV Asset Management increased its stake in shares of The Finish Line by 10.6% in the first quarter. LSV Asset Management now owns 2,044,159 shares of the specialty retailer’s stock worth $29,088,000 after buying an additional 195,891 shares in the last quarter.

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.