Deutsche Bank AG cut shares of The Finish Line, Inc. (NASDAQ:FINL) from a hold rating to a sell rating in a research report report published on Tuesday, Marketbeat reports. Deutsche Bank AG currently has $5.00 price target on the specialty retailer’s stock, down from their prior price target of $15.00.

FINL has been the topic of a number of other reports. Monness Crespi & Hardt upgraded shares of The Finish Line from a neutral rating to a buy rating and increased their price objective for the company from $14.09 to $17.00 in a research note on Monday, May 22nd. They noted that the move was a valuation call. Jefferies Group LLC set a $17.00 price objective on shares of The Finish Line and gave the company a buy rating in a research note on Sunday, August 20th. BidaskClub upgraded shares of The Finish Line from a strong sell rating to a sell rating in a research note on Friday, August 4th. Canaccord Genuity reiterated a hold rating and set a $14.00 price objective on shares of The Finish Line in a research note on Friday, May 26th. Finally, Piper Jaffray Companies reiterated a neutral rating on shares of The Finish Line in a research note on Wednesday, June 21st. Seven equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a buy rating to the stock. The Finish Line has a consensus rating of Hold and a consensus price target of $11.79.

The Finish Line (NASDAQ:FINL) traded up 1.68% during mid-day trading on Tuesday, hitting $8.47. The company had a trading volume of 236,699 shares. The stock’s market capitalization is $340.04 million. The stock has a 50 day moving average price of $12.55 and a 200-day moving average price of $14.41. The Finish Line has a 1-year low of $8.34 and a 1-year high of $24.52.

The Finish Line (NASDAQ:FINL) last posted its quarterly earnings data on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share for the quarter, hitting the Zacks’ 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 company had revenue of $429.80 million for the quarter, compared to analyst estimates of $433.97 million. During the same period in the prior year, the company posted $0.23 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts forecast that The Finish Line will post $0.66 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders 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 yield of 5.28%. The Finish Line’s payout ratio is -89.80%.

In other news, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction dated Saturday, July 29th. The shares were sold at an average price of $21.67, for a total value of $88,348.59. Following the sale, the chief operating officer now owns 11,862 shares in the company, valued at $257,049.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line stock in a transaction dated 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 owns 11,862 shares in the company, valued at approximately $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in FINL. SG Americas Securities LLC acquired a new position in The Finish Line during the second quarter worth $102,000. State of Alaska Department of Revenue raised its position in 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. Mason Street Advisors LLC raised its position in 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. Public Employees Retirement System of Ohio raised its position in 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, Weiss Asset Management LP acquired a new position in The Finish Line during the first quarter worth $157,000. Institutional investors and hedge funds own 99.94% of the company’s stock.

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.

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

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