BidaskClub upgraded shares of Finish Line (NASDAQ:FINL) from a sell rating to a hold rating in a report published on Friday morning.
Other analysts also recently issued reports about the company. Jefferies Group set a $17.00 price target on Finish Line and gave the company a buy rating in a research note on Sunday, August 20th. Barclays restated an equal weight rating and issued a $15.00 price target (down from $18.00) on shares of Finish Line in a research note on Tuesday, August 29th. Morgan Stanley reduced their price target on Finish Line from $13.50 to $10.00 and set an equal weight rating for the company in a research note on Wednesday, September 13th. Canaccord Genuity reiterated a hold rating and set a $8.00 target price (down from $14.00) on shares of Finish Line in a research report on Tuesday, August 29th. Finally, Cowen reiterated a hold rating and set a $13.00 target price on shares of Finish Line in a research report on Sunday, September 17th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $11.00.
Finish Line (NASDAQ FINL) opened at $12.13 on Friday. Finish Line has a one year low of $6.90 and a one year high of $23.61. The company has a market capitalization of $491.99, a P/E ratio of 19.89, a PEG ratio of 2.24 and a beta of 1.39.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Friday, November 24th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 3.63%. The ex-dividend date was Wednesday, November 22nd. Finish Line’s dividend payout ratio (DPR) is presently -45.83%.
A number of large investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System boosted its holdings in shares of Finish Line by 10.9% in the third quarter. California Public Employees Retirement System now owns 241,306 shares of the specialty retailer’s stock worth $2,903,000 after acquiring an additional 23,647 shares during the period. Point72 Asset Management L.P. raised its position in Finish Line by 137.8% during the third quarter. Point72 Asset Management L.P. now owns 110,600 shares of the specialty retailer’s stock valued at $1,331,000 after purchasing an additional 64,100 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Finish Line during the third quarter valued at about $597,000. Mackenzie Financial Corp raised its position in Finish Line by 9.4% during the third quarter. Mackenzie Financial Corp now owns 349,361 shares of the specialty retailer’s stock valued at $4,203,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Finish Line by 29.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 632,191 shares of the specialty retailer’s stock valued at $7,606,000 after purchasing an additional 144,124 shares in the last quarter. 99.96% of the stock is owned by institutional investors and hedge funds.
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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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