Shares of The Finish Line, Inc. (NASDAQ:FINL) have been given a consensus rating of “Hold” by the twenty-two ratings firms that are covering the stock, MarketBeat.com reports. Nineteen investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $17.24.

A number of equities analysts recently weighed in on the stock. Jefferies Group LLC set a $19.00 price target on shares of The Finish Line and gave the stock a “buy” rating in a research report on Saturday, May 6th. Piper Jaffray Companies set a $13.00 price target on shares of The Finish Line and gave the stock a “hold” rating in a research report on Saturday, June 24th. BidaskClub upgraded shares of The Finish Line from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Bank of America Corporation restated a “neutral” rating and set a $14.00 price target (down from $16.00) on shares of The Finish Line in a research report on Monday, June 26th. Finally, Wedbush restated a “neutral” rating and set a $15.00 price target on shares of The Finish Line in a research report on Friday, June 16th.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/the-finish-line-inc-finl-receives-average-rating-of-hold-from-analysts/1492555.html.

Shares of The Finish Line (NASDAQ:FINL) traded down 6.00% during mid-day trading on Tuesday, hitting $12.54. 2,014,270 shares of the stock traded hands. The firm has a 50 day moving average of $13.91 and a 200 day moving average of $14.99. The company’s market cap is $503.43 million. The Finish Line has a 12 month low of $12.25 and a 12 month high of $24.52.

The Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate 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 quarter last year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts anticipate that The Finish Line will post $1.14 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Friday, August 25th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend is Wednesday, August 23rd. The Finish Line’s dividend payout ratio (DPR) is -89.80%.

In other news, COO Melissa A. Greenwell sold 4,077 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Melissa A. Greenwell sold 7,525 shares of the business’s stock in a transaction that occurred on Saturday, July 15th. The shares were 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 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.

Several large investors have recently added to or reduced their stakes in FINL. SG Americas Securities LLC bought a new stake in The Finish Line during the second quarter worth about $102,000. State of Alaska Department of Revenue increased its stake in The Finish Line by 77.0% in the second quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock worth $112,000 after buying an additional 3,464 shares during the period. Public Employees Retirement System of Ohio increased its stake in The Finish Line by 7.4% in the first quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock worth $135,000 after buying an additional 650 shares during the period. Mason Street Advisors LLC increased its stake in The Finish Line by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock worth $135,000 after buying an additional 620 shares during the period. Finally, Weiss Asset Management LP bought a new stake in The Finish Line during the first quarter worth about $157,000.

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)

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.