The Finish Line, Inc. (NASDAQ:FINL) – Investment analysts at Wedbush dropped their Q4 2018 EPS estimates for shares of The Finish Line in a report released on Tuesday. Wedbush analyst C. Svezia now forecasts that the specialty retailer will post earnings of $0.55 per share for the quarter, down from their prior estimate of $0.71. Wedbush has a “Neutral” rating and a $15.00 price objective on the stock.

FINL has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of The Finish Line from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Deutsche Bank AG downgraded shares of The Finish Line from a “hold” rating to a “sell” rating and dropped their price target for the stock from $15.00 to $5.00 in a research report on Tuesday. Jefferies Group LLC set a $17.00 price target on shares of The Finish Line and gave the stock a “buy” rating in a research report on Sunday, August 20th. Barclays PLC restated an “equal weight” rating and issued a $15.00 price target (down previously from $18.00) on shares of The Finish Line in a research report on Tuesday. Finally, Bank of America Corporation restated a “neutral” rating and issued a $14.00 price target (down previously from $16.00) on shares of The Finish Line in a research report on Monday, June 26th. Seven research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.55.

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Shares of The Finish Line (FINL) traded up 2.06% during midday trading on Wednesday, reaching $8.41. 1,463,362 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $13.13 and a 200-day moving average price of $14.66. The Finish Line has a 52-week low of $8.08 and a 52-week high of $24.52. The stock’s market cap is $337.63 million.

The Finish Line (NASDAQ:FINL) last issued its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $433.97 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.11 per share. 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 5.34%. The Finish Line’s dividend payout ratio (DPR) is presently -89.80%.

In other The Finish Line news, COO Melissa A. Greenwell sold 4,077 shares of the business’s stock in a transaction 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 owns 11,862 shares in the company, valued at approximately $257,049.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Melissa A. Greenwell sold 7,525 shares of the business’s stock in a transaction 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 owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in FINL. Public Employees Retirement System of Ohio raised its stake in shares of The Finish Line by 15.9% in the second quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock worth $155,000 after buying an additional 1,504 shares during the period. Koch Industries Inc. acquired a new stake in shares of The Finish Line during the second quarter worth approximately $242,000. State Street Corp raised its stake in shares of The Finish Line by 6.5% in the second quarter. State Street Corp now owns 1,470,739 shares of the specialty retailer’s stock worth $20,840,000 after buying an additional 90,370 shares during the period. Gotham Asset Management LLC acquired a new stake in shares of The Finish Line during the second quarter worth approximately $452,000. Finally, QS Investors LLC raised its stake in shares of The Finish Line by 0.5% in the second quarter. QS Investors LLC now owns 225,029 shares of the specialty retailer’s stock worth $3,189,000 after buying an additional 1,212 shares during the period. 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.

Earnings History and Estimates for The Finish Line (NASDAQ:FINL)

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