The Finish Line (FINL) Receives Media Impact Rating of 0.09
News coverage about The Finish Line (NASDAQ:FINL) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Finish Line earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media coverage about the specialty retailer an impact score of 45.8518047754525 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Sports Direct is likely planning to take over Finish Line, analysts say (finance.yahoo.com)
- Susquehanna Bancshares Inc Downgrades The Finish Line, Inc. (FINL) to Neutral (americanbankingnews.com)
- Why The Finish Line, Inc. Stock Popped 44.4% in September (fool.com)
- The Finish Line, Inc. (FINL) Price Target Lowered to $9.00 at Wells Fargo & Company (americanbankingnews.com)
- As Mets Stagger to Finish Line, Collins Gets Splattered (nytimes.com)
Shares of The Finish Line (NASDAQ:FINL) traded up 1.06% on Friday, hitting $11.44. The stock had a trading volume of 906,688 shares. The Finish Line has a 12-month low of $6.90 and a 12-month high of $24.50. The company has a 50 day moving average of $10.17 and a 200-day moving average of $13.28. The firm’s market capitalization is $459.81 million.
The Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $478.25 million. The Finish Line had a negative net margin of 2.13% and a positive return on equity of 5.44%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.53 earnings per share. Equities analysts predict that The Finish Line will post $0.54 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Friday, August 25th were paid a $0.11 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 3.85%. The Finish Line’s dividend payout ratio (DPR) is -45.83%.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered The Finish Line from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. Deutsche Bank AG lowered The Finish Line from a “hold” rating to a “sell” rating and lowered their price objective for the company from $15.00 to $5.00 in a research note on Tuesday, August 29th. Susquehanna Bancshares Inc upgraded The Finish Line from a “neutral” rating to a “positive” rating and raised their price objective for the company from $9.00 to $12.00 in a research note on Wednesday, September 13th. Morgan Stanley lowered their price objective on The Finish Line from $13.50 to $10.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 13th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $13.00 target price on shares of The Finish Line in a report on Sunday, September 17th. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the company. The Finish Line presently has a consensus rating of “Hold” and an average price target of $10.85.
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In related news, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at $269,386.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 11,862 shares in the company, valued at $257,049.54. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.
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.
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