Shares of Finish Line, Inc. (NASDAQ:FINL) have been assigned an average recommendation of “Hold” from the twenty-two analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $10.83.
A number of research firms have weighed in on FINL. ValuEngine upgraded Finish Line from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Zacks Investment Research upgraded Finish Line from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Thursday, December 28th. Susquehanna Bancshares cut Finish Line from a “positive” rating to a “neutral” rating in a research note on Monday, March 26th. UBS upgraded Finish Line from a “neutral” rating to a “positive” rating in a research note on Monday, February 26th. Finally, BidaskClub raised Finish Line from a “hold” rating to a “buy” rating in a report on Friday, December 29th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new position in shares of Finish Line during the fourth quarter worth about $167,000. Tower Research Capital LLC TRC purchased a new position in shares of Finish Line during the fourth quarter worth about $181,000. Teacher Retirement System of Texas purchased a new position in shares of Finish Line during the fourth quarter worth about $202,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Finish Line during the fourth quarter worth about $207,000. Finally, Unison Advisors LLC purchased a new position in shares of Finish Line during the fourth quarter worth about $232,000. 88.62% of the stock is currently owned by hedge funds and other institutional investors.
Finish Line (NASDAQ:FINL) last posted its quarterly earnings results on Thursday, March 29th. The specialty retailer reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. Finish Line had a return on equity of 6.32% and a net margin of 0.78%. The company had revenue of $561.30 million for the quarter, compared to analysts’ expectations of $575.43 million. During the same period last year, the firm earned $0.50 earnings per share. Finish Line’s quarterly revenue was up .7% on a year-over-year basis. analysts anticipate that Finish Line will post 0.7 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 4th. Investors of record on Friday, May 18th will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, May 17th. Finish Line’s dividend payout ratio is currently 66.67%.
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Finish Line Company Profile
The Finish Line, Inc, together with its subsidiaries, operates as a retailer of athletic shoes, apparel, and accessories for men, women, and kids in the United States. The company offers athletic shoes, as well as an assortment of apparel and accessories of Nike, Brand Jordan, adidas, Under Armour, Puma, and other brands.
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