The Finish Line, Inc. (FINL) Given New $9.00 Price Target at Canaccord Genuity
The Finish Line, Inc. (NASDAQ:FINL) had its target price upped by Canaccord Genuity from $8.00 to $9.00 in a research note issued to investors on Monday morning. They currently have a hold rating on the specialty retailer’s stock.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of The Finish Line from a sell rating to a hold rating in a research note on Thursday, September 21st. Jefferies Group LLC set a $17.00 price target on shares of The Finish Line and gave the stock a buy rating in a research note on Sunday, August 20th. BidaskClub raised shares of The Finish Line from a strong sell rating to a sell rating in a research note on Friday, August 4th. Wells Fargo & Company raised their price target on shares of The Finish Line from $8.00 to $9.00 and gave the stock a market perform rating in a research note on Monday. Finally, Piper Jaffray Companies reaffirmed a neutral rating on shares of The Finish Line in a research note on Wednesday, June 21st. Six investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $11.48.
Shares of The Finish Line (NASDAQ:FINL) opened at 10.49 on Monday. The firm has a 50-day moving average of $11.03 and a 200-day moving average of $13.72. The firm’s market capitalization is $421.62 million. The Finish Line has a 1-year low of $6.90 and a 1-year high of $24.50.
The Finish Line (NASDAQ:FINL) last posted its 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 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 analysts’ expectations of $478.25 million. During the same period in the prior year, the business earned $0.53 EPS. The Finish Line’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that The Finish Line will post $0.54 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 25th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 4.20%. The ex-dividend date was Wednesday, August 23rd. The Finish Line’s dividend payout ratio is -45.83%.
In other The Finish Line news, COO Melissa A. Greenwell sold 7,525 shares of the firm’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 completion of the sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 directly owns 11,862 shares of the company’s stock, valued at approximately $257,049.54. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its holdings in The 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 valued at $155,000 after purchasing an additional 1,504 shares during the last quarter. Koch Industries Inc. acquired a new stake in The Finish Line during the 2nd quarter valued at $242,000. State Street Corp lifted its holdings in The Finish Line by 6.5% during the 2nd quarter. State Street Corp now owns 1,470,739 shares of the specialty retailer’s stock valued at $20,840,000 after purchasing an additional 90,370 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in The Finish Line during the 2nd quarter valued at $452,000. Finally, QS Investors LLC lifted its holdings in shares of The Finish Line by 0.5% during the second quarter. QS Investors LLC now owns 225,029 shares of the specialty retailer’s stock worth $3,189,000 after buying an additional 1,212 shares in the last quarter. 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.
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