Finish Line Inc (FINL) Given Average Rating of “Hold” by Analysts
Shares of Finish Line Inc (NASDAQ:FINL) have earned an average recommendation of “Hold” from the twenty-four ratings firms that are currently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $10.06.
A number of research analysts have recently commented on FINL shares. BidaskClub lowered shares of Finish Line from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Bank of America Corporation downgraded shares of Finish Line from a “neutral” rating to an “underperform” rating in a report on Friday, August 18th. Jefferies Group LLC set a $17.00 price objective on shares of Finish Line and gave the stock a “buy” rating in a report on Sunday, August 20th. Monness Crespi & Hardt downgraded shares of Finish Line from a “buy” rating to a “neutral” rating in a report on Monday, August 21st. Finally, UBS Group AG reaffirmed a “sell” rating and set a $9.00 price objective (down from $14.00) on shares of Finish Line in a report on Monday, August 21st.
A number of institutional investors have recently bought and sold shares of FINL. SG Americas Securities LLC bought a new stake in Finish Line in the second quarter worth $102,000. State of Alaska Department of Revenue lifted its stake in 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 purchasing an additional 3,464 shares during the last quarter. FNY Managed Accounts LLC lifted its stake in Finish Line by 5,100.0% in the third quarter. FNY Managed Accounts LLC now owns 10,000 shares of the specialty retailer’s stock worth $120,000 after purchasing an additional 10,200 shares during the last quarter. Fernwood Investment Management LLC bought a new stake in Finish Line in the third quarter worth $120,000. Finally, Eqis Capital Management Inc. bought a new stake in Finish Line in the third quarter worth $124,000. 99.94% of the stock is owned by institutional investors and hedge funds.
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Finish Line (NASDAQ:FINL) traded down $0.06 on Thursday, hitting $9.94. 811,300 shares of the stock were exchanged, compared to its average volume of 1,825,581. The stock has a market cap of $397.13, a price-to-earnings ratio of 16.39, a P/E/G ratio of 1.86 and a beta of 1.33. Finish Line has a 12-month low of $6.90 and a 12-month high of $24.50.
Finish Line (NASDAQ:FINL) last released its quarterly earnings results on Friday, September 22nd. The specialty retailer reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $469.40 million during the quarter, compared to analyst estimates of $478.25 million. Finish Line had a negative net margin of 2.13% and a positive return on equity of 5.44%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS. equities research analysts predict that Finish Line will post 0.52 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Friday, November 24th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend is Wednesday, November 22nd. Finish Line’s dividend payout ratio is currently 137.50%.
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.
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