The Finish Line, Inc. (NASDAQ:FINL) – Wedbush lowered their Q2 2018 earnings per share (EPS) estimates for The Finish Line in a research report issued on Tuesday. Wedbush analyst C. Svezia now expects that the specialty retailer will earn $0.10 per share for the quarter, down from their previous forecast of $0.34. Wedbush currently has a “Neutral” rating and a $15.00 target price on the stock. Wedbush also issued estimates for The Finish Line’s Q3 2018 earnings at ($0.35) EPS, FY2018 earnings at $0.54 EPS and FY2019 earnings at $0.65 EPS.

Several other research analysts also recently weighed in on FINL. Jefferies Group LLC set a $19.00 price target on shares of The Finish Line and gave the stock a “buy” rating in a research report on Saturday, May 6th. Monness Crespi & Hardt upgraded shares of The Finish Line from a “neutral” rating to a “buy” rating and increased their price target for the stock from $14.09 to $17.00 in a research report on Monday, May 22nd. They noted that the move was a valuation call. Canaccord Genuity reiterated a “hold” rating and issued a $14.00 price target on shares of The Finish Line in a research report on Friday, May 26th. 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. Finally, Piper Jaffray Companies reiterated a “neutral” rating on shares of The Finish Line in a research report on Wednesday, June 21st. Seven equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a buy rating to the company. The Finish Line presently has an average rating of “Hold” and an average target price of $12.55.

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Shares of The Finish Line (FINL) traded down 0.61% during midday trading on Thursday, hitting $8.19. The company had a trading volume of 578,862 shares. The company’s 50-day moving average price is $13.13 and its 200 day moving average price is $14.66. The Finish Line has a 12-month low of $8.08 and a 12-month high of $24.52. The company’s market capitalization is $328.80 million.

The Finish Line (NASDAQ:FINL) last issued its quarterly earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. The business had revenue of $429.80 million during the quarter, compared to analysts’ expectations of $433.97 million. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders of record on Friday, August 25th will be paid a $0.11 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 5.34%. The Finish Line’s payout ratio is currently -89.80%.

In other The Finish Line news, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line stock in a transaction on Saturday, July 15th. The shares were sold at an average price of $22.71, for a total value of $170,892.75. Following the completion of the transaction, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at $257,049.54. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

Several institutional investors have recently modified their holdings of FINL. SG Americas Securities LLC acquired a new position in shares of The Finish Line during the second quarter worth approximately $102,000. State of Alaska Department of Revenue boosted its position in shares of 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 boosted its position in shares of 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 boosted its position in shares of 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 shares of The Finish Line during the first quarter worth approximately $157,000. 99.94% of the stock is owned by institutional investors and hedge funds.

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.

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

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