Sports Direct International Plc
recently revealed that they own 35% of Finish Line Inc (NASDAQ:FINL) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, January 12th. The investor owns 14,074,181 shares of the stock worth about $191,971,829. The filing is available through Edgar at this hyperlink.
Finish Line Inc (FINL) traded up $0.33 during midday trading on Friday, hitting $13.64. 2,192,900 shares of the company traded hands, compared to its average volume of 1,814,150. The company has a market cap of $534.98, a P/E ratio of 52.46, a P/E/G ratio of 1.92 and a beta of 1.37. Finish Line Inc has a fifty-two week low of $6.90 and a fifty-two week high of $18.30.
Finish Line (NASDAQ:FINL) last posted its quarterly earnings data on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.36) by $0.10. The business had revenue of $378.50 million during the quarter, compared to the consensus estimate of $361.46 million. Finish Line had a negative net margin of 0.62% and a positive return on equity of 5.43%. Finish Line’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.24) EPS. equities research analysts anticipate that Finish Line Inc will post 0.65 EPS for the current year.
Several analysts have commented on FINL shares. Cowen set a $10.00 target price on shares of Finish Line and gave the stock a “hold” rating in a research report on Monday, October 23rd. Buckingham Research boosted their target price on shares of Finish Line from $5.00 to $7.00 and gave the stock an “underperform” rating in a research report on Monday, November 20th. Deutsche Bank raised shares of Finish Line from a “sell” rating to a “hold” rating and set a $11.00 target price for the company in a research report on Thursday, December 14th. Zacks Investment Research raised shares of Finish Line from a “sell” rating to a “hold” rating in a research report on Monday, November 20th. Finally, Piper Jaffray Companies reissued an “underweight” rating and issued a $8.00 target price on shares of Finish Line in a research report on Monday, September 18th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the company. Finish Line presently has an average rating of “Hold” and a consensus target price of $11.29.
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Finish Line 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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