Wedbush restated their neutral rating on shares of Finish Line Inc (NASDAQ:FINL) in a report published on Friday. The firm currently has a $18.00 price target on the stock, down from their previous price target of $20.00.
Other analysts also recently issued research reports about the company. Piper Jaffray Companies set a $19.00 price target on Finish Line and gave the company a hold rating in a research note on Sunday, December 18th. B. Riley reissued a buy rating and issued a $27.00 price target on shares of Finish Line in a research note on Friday, December 16th. Zacks Investment Research raised Finish Line from a sell rating to a hold rating in a research note on Thursday, December 22nd. Citigroup Inc downgraded Finish Line from a buy rating to a neutral rating in a research note on Monday, December 19th. Finally, Mizuho assumed coverage on Finish Line in a research note on Thursday, December 15th. They issued a buy rating and a $29.00 price target on the stock. Twenty equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $21.32.
Finish Line (NASDAQ:FINL) traded down 0.30% during mid-day trading on Friday, hitting $16.60. The stock had a trading volume of 2,434,639 shares. The company’s market capitalization is $673.30 million. The stock’s 50-day moving average is $16.98 and its 200 day moving average is $20.31. Finish Line has a 52 week low of $15.90 and a 52 week high of $24.52.
Finish Line (NASDAQ:FINL) last released its quarterly earnings results on Wednesday, December 21st. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by $0.06. Finish Line had a negative net margin of 0.25% and a positive return on equity of 11.57%. The firm earned $371.70 million during the quarter, compared to analyst estimates of $411.61 million. During the same period in the prior year, the business earned ($0.49) EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. Equities analysts forecast that Finish Line will post $1.24 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Monday, March 13th. Shareholders of record on Friday, February 24th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend was Wednesday, February 22nd. This is an increase from Finish Line’s previous quarterly dividend of $0.10. Finish Line’s payout ratio is -285.71%.
In other Finish Line news, Director Glenn S. Lyon sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, December 29th. The stock was sold at an average price of $18.89, for a total transaction of $1,416,750.00. Following the transaction, the director now owns 117,088 shares of the company’s stock, valued at $2,211,792.32. The sale was disclosed in a document filed with the SEC, which is available through this link. 4.00% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in FINL. KBC Group NV increased its position in shares of Finish Line by 38.5% in the third quarter. KBC Group NV now owns 34,334 shares of the company’s stock worth $792,000 after buying an additional 9,543 shares during the period. Victory Capital Management Inc. increased its position in shares of Finish Line by 4.8% in the third quarter. Victory Capital Management Inc. now owns 1,200,322 shares of the company’s stock worth $27,703,000 after buying an additional 54,761 shares during the period. TD Asset Management Inc. increased its position in shares of Finish Line by 33.1% in the third quarter. TD Asset Management Inc. now owns 21,300 shares of the company’s stock worth $492,000 after buying an additional 5,300 shares during the period. Hood River Capital Management LLC acquired a new position in shares of Finish Line during the third quarter worth $9,130,000. Finally, Aperio Group LLC increased its position in shares of Finish Line by 8.1% in the third quarter. Aperio Group LLC now owns 15,941 shares of the company’s stock worth $368,000 after buying an additional 1,194 shares during the period.
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.
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