Finish Line (FINL) Lifted to Hold at BidaskClub

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.

Finish Line (NASDAQ:FINL) last released its quarterly earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The business had revenue of $469.40 million during the quarter, compared to the consensus estimate of $478.25 million. Finish Line had a positive return on equity of 5.44% and a negative net margin of 2.13%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. equities analysts expect that Finish Line will post 0.52 EPS for the current year.

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.

COPYRIGHT VIOLATION NOTICE: “Finish Line (FINL) Lifted to Hold at BidaskClub” was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://sportsperspectives.com/2017/12/18/finish-line-finl-lifted-to-hold-at-bidaskclub.html.

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.

Analyst Recommendations for Finish Line (NASDAQ:FINL)

Receive News & Ratings for Finish Line Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finish Line and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply