Barclays PLC restated their equal weight rating on shares of The Finish Line Inc. (NASDAQ:FINL) in a research note issued to investors on Monday morning. They currently have a $18.00 target price on the stock.
Other analysts have also recently issued research reports about the stock. B. Riley reaffirmed a buy rating and set a $22.00 price target on shares of The Finish Line in a research report on Wednesday, June 22nd. Brean Capital reaffirmed a buy rating on shares of The Finish Line in a research report on Thursday, June 16th. TheStreet cut shares of The Finish Line to a hold rating in a research report on Wednesday, June 15th. Jefferies Group reaffirmed a buy rating and set a $25.00 price target (up previously from $24.00) on shares of The Finish Line in a research report on Monday, June 27th. Finally, Zacks Investment Research raised shares of The Finish Line from a hold rating to a buy rating and set a $27.00 price target on the stock in a research report on Wednesday, August 31st. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $22.75.
The Finish Line (NASDAQ:FINL) opened at 23.28 on Monday. The Finish Line has a 12-month low of $15.37 and a 12-month high of $24.52. The company has a market capitalization of $944.28 million, a price-to-earnings ratio of 73.67 and a beta of 0.90. The firm’s 50-day moving average price is $23.41 and its 200 day moving average price is $20.64.
The Finish Line (NASDAQ:FINL) last issued its quarterly earnings results on Friday, September 23rd. The company reported $0.53 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.53. The business had revenue of $509.40 million for the quarter. The Finish Line had a net margin of 0.72% and a return on equity of 8.83%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company posted $0.57 EPS. On average, analysts expect that The Finish Line will post $1.54 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 26th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 24th. This represents a $0.40 annualized dividend and a dividend yield of 1.72%. The Finish Line’s payout ratio is currently 108.11%.
In other news, Director Catherine A. Langham sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $20.30, for a total transaction of $365,400.00. Following the completion of the sale, the director now owns 14,436 shares in the company, valued at approximately $293,050.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Norman H. Gurwitz sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $22.10, for a total transaction of $55,250.00. Following the sale, the director now owns 4,912 shares of the company’s stock, valued at approximately $108,555.20. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC increased its position in The Finish Line by 42.5% in the first quarter. Aperio Group LLC now owns 14,910 shares of the company’s stock valued at $315,000 after buying an additional 4,449 shares during the period. Nisa Investment Advisors L.L.C. acquired a new position in The Finish Line during the first quarter valued at approximately $323,000. Pacad Investment Ltd. acquired a new position in The Finish Line during the first quarter valued at approximately $803,000. Ngam Advisors L.P. acquired a new position in The Finish Line during the first quarter valued at approximately $236,000. Finally, BlackRock Group LTD increased its position in The Finish Line by 6.2% in the first quarter. BlackRock Group LTD now owns 72,627 shares of the company’s stock valued at $1,532,000 after buying an additional 4,225 shares during the period.
About The Finish Line
Finish Line, Inc is a specialty retailer. The Company operates two retail divisions: the Finish Line and JackRabbit brands. Finish Line is a retailer of athletic shoes, apparel and accessories. The Company operates approximately 590 Finish Line stores, which average over 5,550 square feet, in approximately 40 United States’ states and Puerto Rico.
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