Several other equities research analysts have also commented on FINL. Zacks Investment Research upgraded The Finish Line from a hold rating to a buy rating and set a $27.00 price target for the company in a research note on Wednesday, August 31st. Citigroup Inc. restated a buy rating and set a $24.00 price target on shares of The Finish Line in a research note on Tuesday, August 23rd. Canaccord Genuity restated a buy rating and set a $25.00 price target on shares of The Finish Line in a research note on Wednesday, September 21st. Piper Jaffray Cos. set a $18.00 price target on The Finish Line and gave the stock a hold rating in a research note on Wednesday, September 21st. Finally, B. Riley upped their price target on The Finish Line from $22.00 to $26.00 and gave the stock a buy rating in a research note on Wednesday, September 21st. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $22.75.
Shares of The Finish Line (NASDAQ:FINL) traded up 1.22% during mid-day trading on Tuesday, hitting $22.32. The company’s stock had a trading volume of 178,051 shares. The company has a market cap of $905.34 million, a PE ratio of 70.63 and a beta of 0.99. The stock has a 50-day moving average of $23.27 and a 200-day moving average of $20.86. The Finish Line has a 12-month low of $15.37 and a 12-month high of $24.52.
The Finish Line (NASDAQ:FINL) last released its earnings results on Friday, September 23rd. The company reported $0.53 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The firm earned $509.40 million during the quarter. The Finish Line had a return on equity of 8.83% and a net margin of 0.72%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. On average, equities research analysts forecast that The Finish Line will post $1.54 EPS 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 given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Wednesday, August 24th. The Finish Line’s payout ratio is 108.11%.
In related news, Director Norman H. Gurwitz sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $22.41, for a total value of $67,230.00. Following the sale, the director now directly owns 5,518 shares in the company, valued at approximately $123,658.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Stephen Goldsmith sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $21.73, for a total value of $86,920.00. Following the completion of the sale, the director now owns 36,651 shares in the company, valued at $796,426.23. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of FINL. Deprince Race & Zollo Inc. acquired a new stake in The Finish Line during the second quarter valued at approximately $40,831,000. Invictus RG acquired a new stake in The Finish Line during the first quarter valued at approximately $163,000. SECOR Capital Advisors LP acquired a new stake in The Finish Line during the second quarter valued at approximately $579,000. BlackRock Group LTD boosted its stake 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 in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in The Finish Line by 5.2% in the second quarter. Nisa Investment Advisors LLC now owns 16,099 shares of the company’s stock valued at $325,000 after buying an additional 800 shares in the last quarter.
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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