Susquehanna Bancshares Reiterates Hold Rating for Finish Line (FINL)
Finish Line (NASDAQ:FINL)‘s stock had its “hold” rating reiterated by stock analysts at Susquehanna Bancshares in a research note issued to investors on Wednesday. They presently have a $12.00 target price on the specialty retailer’s stock. Susquehanna Bancshares’ price target would suggest a potential upside of 2.39% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. Jefferies Group set a $13.00 target price on Finish Line and gave the company a “buy” rating in a report on Tuesday, August 29th. Barclays reaffirmed an “equal weight” rating and set a $15.00 target price (down from $18.00) on shares of Finish Line in a report on Tuesday, August 29th. Morgan Stanley reduced their target price on Finish Line from $13.50 to $10.00 and set an “equal weight” rating for the company in a report on Wednesday, September 13th. Canaccord Genuity reaffirmed a “hold” rating and set a $8.00 target price (down from $14.00) on shares of Finish Line in a report on Tuesday, August 29th. Finally, Cowen reaffirmed a “hold” rating and set a $13.00 target price on shares of Finish Line in a report on Sunday, September 17th. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the company. Finish Line presently has a consensus rating of “Hold” and an average price target of $11.00.
Shares of Finish Line (NASDAQ FINL) opened at $11.72 on Wednesday. Finish Line has a fifty-two week low of $6.90 and a fifty-two week high of $23.96. The company has a market capitalization of $474.96, a price-to-earnings ratio of 19.20, a PEG ratio of 2.17 and a beta of 1.39.
Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, September 22nd. The specialty retailer reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Finish Line had a positive return on equity of 5.44% and a negative net margin of 2.13%. The business had revenue of $469.40 million during the quarter, compared to the consensus estimate of $478.25 million. During the same period in the prior year, the business posted $0.53 earnings per share. Finish Line’s revenue was down 3.3% compared to the same quarter last year. sell-side analysts predict that Finish Line will post 0.52 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in FINL. SG Americas Securities LLC purchased a new stake in Finish Line in the 2nd quarter worth about $102,000. Fernwood Investment Management LLC purchased a new stake in Finish Line in the 3rd quarter worth about $120,000. FNY Managed Accounts LLC raised its stake in shares of Finish Line by 5,100.0% during the 3rd 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 in the last quarter. Eqis Capital Management Inc. purchased a new stake in shares of Finish Line during the 3rd quarter worth about $124,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Finish Line by 15.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock worth $155,000 after purchasing an additional 1,504 shares in the last quarter. 99.96% of the stock is owned by hedge funds and other institutional investors.
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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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