The Finish Line, Inc. (FINL) Trading Up 7.4%
The Finish Line, Inc. (NASDAQ:FINL)’s share price was up 7.4% on Friday . The stock traded as high as $10.13 and last traded at $9.74. Approximately 2,732,015 shares traded hands during trading, an increase of 49% from the average daily volume of 1,831,477 shares. The stock had previously closed at $9.07.
Several equities analysts recently weighed in on FINL shares. Jefferies Group LLC set a $13.00 target price on The Finish Line and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Barclays PLC reiterated an “equal weight” rating and set a $15.00 target price (down from $18.00) on shares of The Finish Line in a research report on Tuesday, August 29th. Morgan Stanley reduced their target price on The Finish Line from $13.50 to $10.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 13th. BidaskClub upgraded The Finish Line from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Canaccord Genuity restated a “hold” rating and set a $8.00 price target (down from $14.00) on shares of The Finish Line in a research note on Tuesday, August 29th. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $10.60.
The company has a market capitalization of $360.17, a price-to-earnings ratio of 14.56, a P/E/G ratio of 1.64 and a beta of 1.33.
The Finish Line (NASDAQ:FINL) last released its earnings results on Friday, September 22nd. The specialty retailer reported $0.12 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 company had revenue of $469.40 million for the quarter, compared to the consensus estimate of $478.25 million. During the same quarter last year, the business posted $0.53 EPS. The Finish Line’s quarterly revenue was down 3.3% compared to the same quarter last year. analysts expect that The Finish Line, Inc. will post 0.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Friday, November 24th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Wednesday, November 22nd. The Finish Line’s dividend payout ratio (DPR) is -45.83%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of The Finish Line in the 2nd quarter worth approximately $102,000. State of Alaska Department of Revenue lifted its holdings in shares of The Finish Line by 77.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock worth $112,000 after purchasing an additional 3,464 shares during the last quarter. FNY Managed Accounts LLC lifted its holdings in shares of The Finish Line by 5,100.0% in the 3rd quarter. FNY Managed Accounts LLC now owns 10,000 shares of the specialty retailer’s stock worth $120,000 after purchasing an additional 10,200 shares during the last quarter. Fernwood Investment Management LLC bought a new stake in shares of The Finish Line in the 3rd quarter worth approximately $120,000. Finally, Eqis Capital Management Inc. bought a new stake in shares of The Finish Line in the 3rd quarter worth approximately $124,000. 98.85% of the stock is currently owned by institutional investors and hedge funds.
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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.
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