Susquehanna Bancshares Inc lowered shares of The Finish Line, Inc. (NASDAQ:FINL) from a positive rating to a neutral rating in a research report report published on Monday.

FINL has been the topic of several other research reports. Wells Fargo & Company reaffirmed a market perform rating and set a $12.00 target price (up previously from $9.00) on shares of The Finish Line in a research note on Monday, September 25th. Deutsche Bank AG cut shares of The Finish Line from a hold rating to a sell rating and lowered their target price for the stock from $15.00 to $5.00 in a research note on Tuesday, August 29th. UBS AG raised shares of The Finish Line from a neutral rating to a positive rating in a research note on Wednesday, September 13th. Cowen and Company reaffirmed a hold rating and set a $13.00 target price on shares of The Finish Line in a research note on Sunday, September 17th. Finally, Jefferies Group LLC set a $17.00 target price on shares of The Finish Line and gave the stock a buy rating in a research note on Sunday, August 20th. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $10.85.

The Finish Line (NASDAQ:FINL) opened at 11.12 on Monday. The Finish Line has a 12 month low of $6.90 and a 12 month high of $24.50. The company’s market cap is $446.95 million. The company’s 50 day moving average is $10.19 and its 200-day moving average is $13.29.

The Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The Finish Line had a negative net margin of 2.13% and a positive return on equity of 5.44%. The company had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $478.25 million. During the same quarter in the previous year, the company posted $0.53 EPS. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. On average, analysts expect that The Finish Line will post $0.54 earnings per share for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 25th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Wednesday, August 23rd. The Finish Line’s payout ratio is currently -45.83%.

In other news, COO Melissa A. Greenwell sold 4,077 shares of the stock in a transaction that occurred on Saturday, July 29th. The stock was sold at an average price of $21.67, for a total value of $88,348.59. Following the completion of the sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at $257,049.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Melissa A. Greenwell sold 7,525 shares of the 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 completion of the sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC boosted its holdings in shares of The Finish Line by 8.2% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,917,439 shares of the specialty retailer’s stock valued at $27,170,000 after acquiring an additional 146,110 shares during the period. Numeric Investors LLC boosted its holdings in shares of The Finish Line by 34.6% in the second quarter. Numeric Investors LLC now owns 1,845,310 shares of the specialty retailer’s stock valued at $26,148,000 after acquiring an additional 474,200 shares during the period. Boston Partners boosted its holdings in shares of The Finish Line by 2.7% in the second quarter. Boston Partners now owns 1,794,536 shares of the specialty retailer’s stock valued at $25,429,000 after acquiring an additional 47,012 shares during the period. State Street Corp boosted its holdings 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 valued at $20,840,000 after acquiring an additional 90,370 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of The Finish Line by 1,730.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 602,745 shares of the specialty retailer’s stock valued at $8,541,000 after acquiring an additional 569,823 shares during the period. 99.94% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

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