The Finish Line, Inc. (NASDAQ:FINL)‘s stock had its “underperform” rating reiterated by analysts at Bank of America Corporation in a research note issued on Tuesday. They presently have a $8.00 price target on the specialty retailer’s stock, down from their previous price target of $10.00. Bank of America Corporation’s price objective suggests a potential downside of 2.91% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Susquehanna Bancshares Inc lowered their price target on shares of The Finish Line from $15.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday. Robert W. Baird lowered shares of The Finish Line to a “neutral” rating and lowered their price target for the company from $15.00 to $8.00 in a research note on Tuesday. They noted that the move was a valuation call. Buckingham Research lowered shares of The Finish Line from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $14.00 to $5.00 in a research note on Tuesday. Canaccord Genuity reiterated a “hold” rating and issued a $8.00 price target (down from $14.00) on shares of The Finish Line in a research note on Tuesday. Finally, Jefferies Group LLC set a $13.00 price target on shares of The Finish Line and gave the company a “buy” rating in a research note on Tuesday. Seven research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.55.

The Finish Line (NASDAQ FINL) opened at 8.24 on Tuesday. The firm’s market cap is $330.80 million. The Finish Line has a one year low of $8.06 and a one year high of $24.52. The company has a 50-day moving average price of $13.13 and a 200-day moving average price of $14.66.

The Finish Line (NASDAQ:FINL) last issued its quarterly earnings data on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The business had revenue of $429.80 million for the quarter, compared to analyst estimates of $433.97 million. During the same period last year, the business posted $0.23 earnings per share. The firm’s quarterly revenue was up .0% on a year-over-year basis. Equities analysts predict that The Finish Line will post $0.71 earnings per share for the current fiscal year.

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In related news, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction dated 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 sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at approximately $257,049.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line stock in a transaction dated Saturday, July 15th. The stock was sold at an average price of $22.71, for a total transaction of $170,892.75. Following the sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in FINL. LSV Asset Management increased 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 last quarter. Thompson Siegel & Walmsley LLC increased its stake 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 buying an additional 146,110 shares during the last quarter. Numeric Investors LLC increased its stake 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 buying an additional 474,200 shares during the last quarter. Boston Partners increased its stake 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 buying an additional 47,012 shares during the last quarter. Finally, State Street Corp increased its stake 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 buying an additional 90,370 shares during the last quarter. 99.94% of the stock is owned by institutional investors and hedge funds.

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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