ValuEngine upgraded shares of Finish Line (NASDAQ:FINL) from a hold rating to a buy rating in a report released on Wednesday.
A number of other equities research analysts also recently weighed in on FINL. Cowen downgraded Finish Line from a market perform rating to an underperform rating and dropped their price objective for the company from $10.00 to $7.00 in a research report on Friday, November 10th. Buckingham Research raised their price objective on Finish Line from $5.00 to $7.00 and gave the company an underperform rating in a research report on Monday, November 20th. Zacks Investment Research raised Finish Line from a sell rating to a hold rating in a research report on Monday, November 20th. Susquehanna Bancshares reaffirmed a hold rating and set a $12.00 price objective on shares of Finish Line in a research report on Wednesday, December 13th. Finally, Deutsche Bank raised Finish Line from a sell rating to a hold rating and set a $11.00 price objective on the stock in a research report on Thursday, December 14th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company. Finish Line presently has a consensus rating of Hold and an average target price of $10.85.
Shares of Finish Line (FINL) opened at $10.46 on Wednesday. Finish Line has a 12-month low of $6.90 and a 12-month high of $17.24. The firm has a market capitalization of $421.81, a PE ratio of 17.73, a P/E/G ratio of 1.32 and a beta of 1.16.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 2nd will be paid a $0.115 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This is a boost from Finish Line’s previous quarterly dividend of $0.11. This represents a $0.46 dividend on an annualized basis and a yield of 4.40%. Finish Line’s dividend payout ratio (DPR) is -164.28%.
Institutional investors have recently added to or reduced their stakes in the business. Fernwood Investment Management LLC purchased a new position in shares of Finish Line in the third quarter worth about $120,000. FNY Managed Accounts LLC raised its stake in shares of Finish Line by 5,100.0% in the third 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. Public Employees Retirement System of Ohio raised its stake in shares of Finish Line by 15.9% in the second quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock worth $155,000 after purchasing an additional 1,504 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Finish Line in the fourth quarter worth about $167,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Finish Line in the third quarter worth about $176,000. Institutional investors own 87.82% of the company’s stock.
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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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