UBS AG cut shares of The Finish Line, Inc. (NASDAQ:FINL) from a positive rating to a neutral rating in a research report report published on Monday morning.

Several other research analysts have also weighed in on FINL. Zacks Investment Research lowered shares of The Finish Line from a hold rating to a sell rating in a research note on Monday, August 28th. Deutsche Bank AG lowered shares of The Finish Line from a hold rating to a sell rating and decreased their target price for the company from $15.00 to $5.00 in a research note on Tuesday, August 29th. Susquehanna Bancshares Inc raised shares of The Finish Line from a neutral rating to a positive rating and lifted their target price for the company from $9.00 to $12.00 in a research note on Wednesday, September 13th. Morgan Stanley lowered their price target on shares of The Finish Line from $13.50 to $10.00 and set an equal weight rating on the stock in a report on Wednesday, September 13th. Finally, Citigroup Inc. cut shares of The Finish Line from a neutral rating to a sell rating and lowered their price target for the company from $14.00 to $5.00 in a report on Tuesday, August 29th. Six research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $11.48.

The Finish Line (FINL) opened at 11.58 on Monday. The company has a 50-day moving average price of $10.29 and a 200-day moving average price of $13.35. The Finish Line has a one year low of $6.90 and a one year high of $24.50. The firm’s market cap is $465.43 million.

The Finish Line (NASDAQ:FINL) last posted its quarterly earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $469.40 million during the quarter, compared to analyst estimates 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 revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. Equities analysts predict that The Finish Line will post $0.54 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “The Finish Line, Inc. (FINL) Downgraded by UBS AG to “Neutral”” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://www.watchlistnews.com/the-finish-line-inc-finl-downgraded-by-ubs-ag-to-neutral/1604900.html.

The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 25th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.80%. The ex-dividend date was Wednesday, August 23rd. The Finish Line’s dividend payout ratio is currently -45.83%.

In other news, COO Melissa A. Greenwell sold 4,077 shares of the firm’s stock in a transaction on Saturday, July 29th. The shares were sold at an average price of $21.67, for a total value of $88,348.59. Following the sale, the chief operating officer now owns 11,862 shares in the company, valued at $257,049.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Melissa A. Greenwell sold 7,525 shares of the business’s stock in a transaction on Saturday, July 15th. The stock was sold at an average price of $22.71, for a total transaction of $170,892.75. Following the transaction, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can boosted its holdings in The Finish Line by 4.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 55,798 shares of the specialty retailer’s stock valued at $794,000 after purchasing an additional 2,405 shares during the period. First Trust Advisors LP grew its position in The Finish Line by 87.1% in the 1st quarter. First Trust Advisors LP now owns 59,019 shares of the specialty retailer’s stock worth $840,000 after purchasing an additional 27,469 shares during the last quarter. State of Tennessee Treasury Department grew its position in The Finish Line by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 39,843 shares of the specialty retailer’s stock worth $567,000 after purchasing an additional 6,013 shares during the last quarter. Mason Street Advisors LLC grew its position in The Finish Line by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 620 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in The Finish Line by 233.4% in the 1st quarter. JPMorgan Chase & Co. now owns 120,679 shares of the specialty retailer’s stock worth $1,717,000 after purchasing an additional 84,484 shares during the last quarter. Hedge funds and other institutional investors own 99.94% 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.

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

Receive News & Ratings for The Finish Line Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Finish Line Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.