Canaccord Genuity restated their hold rating on shares of The Finish Line, Inc. (NASDAQ:FINL) in a report released on Tuesday, MarketBeat.com reports. The brokerage currently has a $8.00 price target on the specialty retailer’s stock, down from their prior price target of $14.00.

FINL has been the subject of several other reports. Zacks Investment Research raised The Finish Line from a sell rating to a hold rating in a research report on Tuesday, June 13th. Jefferies Group LLC set a $17.00 price objective on The Finish Line and gave the stock a buy rating in a research report on Sunday, August 20th. Bank of America Corporation reissued a neutral rating and set a $14.00 price objective (down from $16.00) on shares of The Finish Line in a research report on Monday, June 26th. BidaskClub downgraded The Finish Line from a sell rating to a strong sell rating in a research report on Friday, July 28th. Finally, FBR & Co downgraded The Finish Line from a buy rating to a neutral rating and lowered their price objective for the stock from $22.00 to $9.00 in a research report on Tuesday. Seven equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $11.79.

The Finish Line (NASDAQ:FINL) traded up 2.76% during mid-day trading on Tuesday, reaching $8.56. 322,663 shares of the company were exchanged. The stock’s market capitalization is $343.65 million. The Finish Line has a 1-year low of $8.34 and a 1-year high of $24.52. The stock’s 50-day moving average price is $12.55 and its 200-day moving average price is $14.41.

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

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Shareholders 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 yield of 5.28%. The ex-dividend date of this dividend is Wednesday, August 23rd. The Finish Line’s dividend payout ratio is currently -89.80%.

In other The Finish Line news, 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 sale, the chief operating officer now owns 11,862 shares in the company, valued at $269,386.02. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 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 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. LSV Asset Management boosted its stake in 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. Thompson Siegel & Walmsley LLC boosted its stake in 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 period. Numeric Investors LLC boosted its stake in 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 period. Boston Partners boosted its stake in 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 period. Finally, State Street Corp boosted its stake in 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 period. Institutional investors and hedge funds own 99.94% of the company’s stock.

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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