BidaskClub cut shares of The Finish Line, Inc. (NASDAQ:FINL) from a sell rating to a strong sell rating in a research report released on Friday morning.

Several other equities analysts have also commented on FINL. Jefferies Group LLC set a $19.00 target price on shares of The Finish Line and gave the company a buy rating in a report on Saturday, May 6th. B. Riley reissued a neutral rating and issued a $15.00 target price on shares of The Finish Line in a report on Sunday, April 2nd. Piper Jaffray Companies set a $13.00 target price on shares of The Finish Line and gave the company a hold rating in a report on Saturday, June 24th. Bank of America Corp reissued 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. Finally, Wedbush reissued a neutral rating and issued a $15.00 target price on shares of The Finish Line in a report on Friday, June 16th. One 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’s stock. The Finish Line has a consensus rating of Hold and a consensus price target of $18.11.

Shares of The Finish Line (FINL) traded down 1.67% during mid-day trading on Friday, reaching $13.53. 113,956 shares of the company’s stock traded hands. The stock’s market cap is $543.18 million. The firm has a 50 day moving average price of $13.97 and a 200-day moving average price of $15.27. The Finish Line has a 12 month low of $12.25 and a 12 month high of $24.52.

The Finish Line (NASDAQ:FINL) last released its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The firm had revenue of $429.80 million for the quarter, compared to analyst estimates of $433.97 million. During the same period last year, the firm earned $0.23 EPS. The business’s quarterly revenue was up .0% compared to the same quarter last year. On average, analysts predict that The Finish Line will post $1.14 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Wednesday, August 23rd. The Finish Line’s payout ratio is -89.80%.

In other The Finish Line news, COO Melissa A. Greenwell sold 7,525 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Melissa A. Greenwell sold 4,077 shares of the business’s stock in a transaction that occurred on Saturday, July 29th. The stock was sold at an average price of $21.67, for a total transaction of $88,348.59. Following 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. Insiders own 6.00% of the company’s stock.

Large investors have recently bought and sold shares of the company. State Street Corp raised its stake in The Finish Line by 4.5% in the fourth quarter. State Street Corp now owns 1,177,044 shares of the specialty retailer’s stock worth $22,144,000 after buying an additional 50,784 shares during the last quarter. 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 during the last quarter. Norges Bank acquired a new stake in The Finish Line during the fourth quarter worth $17,540,000. UBS Asset Management Americas Inc. raised its stake in The Finish Line by 2,410.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 554,857 shares of the specialty retailer’s stock worth $10,437,000 after buying an additional 532,759 shares during the last quarter. Finally, Foundry Partners LLC raised its stake in The Finish Line by 12.6% in the first quarter. Foundry Partners LLC now owns 163,688 shares of the specialty retailer’s stock worth $2,329,000 after buying an additional 18,343 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.

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

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