The Finish Line Inc. (NASDAQ:FINL)‘s stock had its “equal weight” rating restated by investment analysts at Barclays PLC in a report issued on Monday. They currently have a $18.00 price target on the stock. Barclays PLC’s target price indicates a potential downside of 20.39% from the company’s previous close.
A number of other research analysts have also recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $22.00 price objective on shares of The Finish Line in a research note on Monday, June 27th. TheStreet raised shares of The Finish Line from a “hold” rating to a “buy” rating in a research note on Monday, July 25th. BB&T Corp. reissued a “buy” rating and issued a $24.00 price objective on shares of The Finish Line in a research note on Tuesday, June 28th. Buckingham Research cut shares of The Finish Line from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $25.00 to $23.00 in a research note on Monday. Finally, Canaccord Genuity reissued a “buy” rating and issued a $25.00 price objective on shares of The Finish Line in a research note on Monday, June 27th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.65.
The Finish Line (NASDAQ:FINL) traded down 0.62% on Monday, hitting $22.61. The stock had a trading volume of 1,924,721 shares. The company’s 50 day moving average is $23.36 and its 200-day moving average is $20.59. The firm has a market capitalization of $917.11 million, a price-to-earnings ratio of 71.55 and a beta of 0.90. The Finish Line has a 1-year low of $15.37 and a 1-year high of $24.52.
The Finish Line (NASDAQ:FINL) last released its quarterly earnings results on Friday, September 23rd. The company reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. The Finish Line had a net margin of 0.93% and a return on equity of 9.21%. The company earned $509.40 million during the quarter. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts forecast that The Finish Line will post $1.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Friday, August 26th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.40 annualized dividend and a dividend yield of 1.77%. The Finish Line’s dividend payout ratio is currently 108.11%.
In related news, Director Norman H. Gurwitz sold 2,500 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $22.10, for a total value of $55,250.00. Following the sale, the director now owns 4,912 shares in the company, valued at approximately $108,555.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen Goldsmith sold 4,000 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $21.73, for a total transaction of $86,920.00. Following the completion of the sale, the director now owns 36,651 shares in the company, valued at approximately $796,426.23. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.
Several large investors have recently bought and sold shares of FINL. Dimensional Fund Advisors LP raised its stake in The Finish Line by 32.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,569,624 shares of the company’s stock worth $72,071,000 after buying an additional 880,360 shares in the last quarter. Vanguard Group Inc. raised its stake in The Finish Line by 0.7% in the second quarter. Vanguard Group Inc. now owns 3,414,977 shares of the company’s stock worth $68,948,000 after buying an additional 23,710 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new stake in The Finish Line during the second quarter worth $40,831,000. Boston Partners raised its stake in The Finish Line by 1.3% in the second quarter. Boston Partners now owns 1,668,741 shares of the company’s stock worth $33,692,000 after buying an additional 22,011 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in The Finish Line by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,155,221 shares of the company’s stock worth $23,324,000 after buying an additional 12,005 shares in the last quarter.
About The Finish Line
Finish Line, Inc is a specialty retailer. The Company operates two retail divisions: the Finish Line and JackRabbit brands. Finish Line is a retailer of athletic shoes, apparel and accessories. The Company operates approximately 590 Finish Line stores, which average over 5,550 square feet, in approximately 40 United States’ states and Puerto Rico.
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