The Finish Line, Inc. (NASDAQ:FINL) had its target price boosted by investment analysts at Buckingham Research from $5.00 to $7.00 in a research report issued to clients and investors on Monday. The brokerage presently has an “underperform” rating on the specialty retailer’s stock. Buckingham Research’s price target indicates a potential downside of 30.00% from the stock’s previous close.
Other equities research analysts have also issued research reports about the stock. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $12.00 target price on shares of The Finish Line in a research note on Friday, September 29th. Zacks Investment Research raised shares of The Finish Line from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Jefferies Group LLC set a $17.00 target price on shares of The Finish Line and gave the company a “buy” rating in a research note on Sunday, August 20th. BidaskClub raised shares of The Finish Line from a “strong sell” rating to a “sell” rating in a research note on Friday, August 4th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $8.00 target price (down previously from $14.00) on shares of The Finish Line in a research note on Tuesday, August 29th. Seven analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $10.70.
The Finish Line (NASDAQ FINL) opened at $10.00 on Monday. The Finish Line has a 52-week low of $6.90 and a 52-week high of $24.50. The stock has a market cap of $408.85, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.87 and a beta of 1.33.
The Finish Line (NASDAQ:FINL) last released its quarterly earnings data on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The Finish Line had a negative net margin of 2.13% and a positive return on equity of 5.44%. The firm had revenue of $469.40 million for the quarter, compared to analysts’ expectations of $478.25 million. During the same quarter in the previous year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. analysts forecast that The Finish Line will post 0.52 earnings per share for the current fiscal year.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in FINL. SG Americas Securities LLC purchased a new position in shares of The Finish Line during the second quarter valued at approximately $102,000. State of Alaska Department of Revenue raised its holdings in shares of The Finish Line by 77.0% during 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 purchasing an additional 3,464 shares during the last quarter. FNY Managed Accounts LLC raised its holdings in shares of The Finish Line by 5,100.0% during the third quarter. FNY Managed Accounts LLC now owns 10,000 shares of the specialty retailer’s stock valued at $120,000 after purchasing an additional 10,200 shares during the last quarter. Fernwood Investment Management LLC purchased a new position in shares of The Finish Line during the third quarter valued at approximately $120,000. Finally, Eqis Capital Management Inc. purchased a new position in shares of The Finish Line during the third quarter valued at approximately $124,000. 99.94% of the stock is 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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