Finish Line (FINL) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Finish Line (NASDAQ:FINL) from a hold rating to a sell rating in a research report report published on Saturday, February 3rd.

A number of other analysts also recently commented on FINL. B. Riley restated a neutral rating on shares of Finish Line in a research note on Wednesday, November 1st. Canaccord Genuity set a $9.00 price target on Finish Line and gave the stock a hold rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded Finish Line from a sell rating to a hold rating in a research report on Friday, December 15th. Susquehanna Bancshares reiterated a hold rating and set a $12.00 price target on shares of Finish Line in a research report on Wednesday, December 13th. Finally, FBR & Co set a $10.00 price target on Finish Line and gave the stock a hold rating in a research report on Tuesday, October 17th. Five investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $11.29.

Shares of Finish Line (NASDAQ FINL) traded up $0.26 on Friday, hitting $10.65. The stock had a trading volume of 1,214,722 shares, compared to its average volume of 1,229,446. Finish Line has a 1 year low of $6.90 and a 1 year high of $18.30. The stock has a market capitalization of $429.47, a P/E ratio of -38.03, a price-to-earnings-growth ratio of 1.56 and a beta of 1.15.

Finish Line (NASDAQ:FINL) last issued its earnings results on Thursday, December 21st. The specialty retailer reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.10. Finish Line had a positive return on equity of 5.43% and a negative net margin of 0.62%. The firm had revenue of $378.50 million for the quarter, compared to the consensus estimate of $361.46 million. During the same quarter in the prior year, the business earned ($0.24) earnings per share. The company’s revenue was up 1.8% compared to the same quarter last year. research analysts predict that Finish Line will post 0.65 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 2nd will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Thursday, March 1st. This is an increase from Finish Line’s previous quarterly dividend of $0.11. Finish Line’s dividend payout ratio (DPR) is -157.14%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FINL. ING Groep NV purchased a new position in shares of Finish Line in the third quarter valued at approximately $23,459,000. Koch Industries Inc. purchased a new position in shares of Finish Line in the second quarter valued at approximately $242,000. Assenagon Asset Management S.A. purchased a new position in shares of Finish Line in the fourth quarter valued at approximately $2,307,000. Trexquant Investment LP purchased a new position in shares of Finish Line in the third quarter valued at approximately $1,819,000. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Finish Line by 23.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 782,654 shares of the specialty retailer’s stock valued at $11,372,000 after acquiring an additional 150,463 shares in the last quarter. Institutional investors and hedge funds own 99.96% of the company’s stock.

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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.

Analyst Recommendations for Finish Line (NASDAQ:FINL)

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