Cowen and Company downgraded shares of The Finish Line, Inc. (NASDAQ:FINL) from a market perform rating to an underperform rating in a report issued on Friday morning. The firm currently has $7.00 target price on the specialty retailer’s stock, down from their prior target price of $10.00.
FINL has been the topic of a number of other reports. Susquehanna Bancshares Inc reiterated a neutral rating and issued a $12.00 price target on shares of The Finish Line in a research report on Friday, September 29th. Zacks Investment Research upgraded The Finish Line from a sell rating to a hold rating in a research report on Thursday, September 21st. Jefferies Group LLC set a $17.00 price target on The Finish Line and gave the company a buy rating in a research report on Sunday, August 20th. BidaskClub upgraded The Finish Line from a strong sell rating to a sell rating in a research report on Friday, August 4th. Finally, Canaccord Genuity reiterated a hold rating and issued a $8.00 price target (down from $14.00) on shares of The Finish Line in a research report on Tuesday, August 29th. Seven equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $10.60.
Shares of The Finish Line (NASDAQ FINL) traded down $0.21 during trading hours on Friday, reaching $8.89. The company’s stock had a trading volume of 1,251,200 shares, compared to its average volume of 1,838,512. The Finish Line has a 52-week low of $6.90 and a 52-week high of $24.50. The company has a market capitalization of $369.30, a PE ratio of 14.93, a price-to-earnings-growth ratio of 1.66 and a beta of 1.33.
The Finish Line (NASDAQ:FINL) last announced its quarterly earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The Finish Line had a positive return on equity of 5.44% and a negative net margin of 2.13%. The firm had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $478.25 million. During the same period in the prior year, the business posted $0.53 earnings per share. The business’s revenue was down 3.3% compared to the same quarter last year. sell-side analysts forecast that The Finish Line will post 0.53 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 24th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend is Wednesday, November 22nd. The Finish Line’s payout ratio is -45.83%.
A number of large investors have recently added to or reduced their stakes in FINL. SG Americas Securities LLC acquired a new position in The Finish Line in the second quarter valued at about $102,000. State of Alaska Department of Revenue lifted its stake in The Finish Line by 77.0% in the second quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock valued at $112,000 after buying an additional 3,464 shares during the period. FNY Managed Accounts LLC lifted its stake in The 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 valued at $120,000 after buying an additional 10,200 shares during the period. Fernwood Investment Management LLC acquired a new position in The Finish Line in the third quarter valued at about $120,000. Finally, Eqis Capital Management Inc. acquired a new position in The Finish Line in the third quarter valued at about $124,000. 98.85% of the stock is currently owned by hedge funds and other institutional investors.
The 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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