The Finish Line, Inc. (NASDAQ:FINL) had its price target lowered by Susquehanna Bancshares Inc from $15.00 to $9.00 in a report published on Tuesday. The firm currently has a neutral rating on the specialty retailer’s stock.

Other equities research analysts also recently issued reports about the company. Piper Jaffray Companies set a $13.00 price target on The Finish Line and gave the company a hold rating in a research note on Saturday, June 24th. Jefferies Group LLC set a $19.00 price target on The Finish Line and gave the company a buy rating in a research note on Saturday, May 6th. Monness Crespi & Hardt upgraded The Finish Line from a neutral rating to a buy rating and boosted their price target for the company from $14.09 to $17.00 in a research note on Monday, May 22nd. They noted that the move was a valuation call. BidaskClub downgraded The Finish Line from a hold rating to a sell rating in a research note on Thursday, August 17th. Finally, Zacks Investment Research downgraded The Finish Line from a hold rating to a sell rating in a research note on Monday, August 28th. Seven investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company’s stock. The Finish Line presently has a consensus rating of Hold and an average target price of $11.79.

Shares of The Finish Line (FINL) opened at 8.89 on Tuesday. The stock’s market capitalization is $356.90 million. The firm’s 50-day moving average is $12.39 and its 200 day moving average is $14.35. The Finish Line has a 12-month low of $8.34 and a 12-month high of $24.52.

The Finish Line (NASDAQ:FINL) last released its quarterly earnings data on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The company had revenue of $429.80 million during the quarter, compared to the consensus estimate of $433.97 million. During the same period last year, the company earned $0.23 EPS. The Finish Line’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities research analysts forecast that The Finish Line will post $0.66 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 25th will be issued a $0.11 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 4.95%. The Finish Line’s dividend payout ratio is presently -89.80%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of FINL. Louisiana State Employees Retirement System boosted its position in The Finish Line by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the specialty retailer’s stock worth $235,000 after buying an additional 200 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of The Finish Line by 19.7% in the first quarter. Canada Pension Plan Investment Board now owns 361,408 shares of the specialty retailer’s stock valued at $5,143,000 after buying an additional 59,500 shares during the period. Tocqueville Asset Management L.P. boosted its stake in shares of The Finish Line by 78.2% in the first quarter. Tocqueville Asset Management L.P. now owns 23,700 shares of the specialty retailer’s stock valued at $337,000 after buying an additional 10,400 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of The Finish Line by 4.5% in the first quarter. Great West Life Assurance Co. Can now owns 55,798 shares of the specialty retailer’s stock valued at $794,000 after buying an additional 2,405 shares during the period. Finally, LSV Asset Management boosted its stake in shares of The Finish Line by 10.6% in the first quarter. LSV Asset Management now owns 2,044,159 shares of the specialty retailer’s stock valued at $29,088,000 after buying an additional 195,891 shares during the period. 99.94% of the stock is currently owned by institutional investors.

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)

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