The Finish Line Inc. (NASDAQ:FINL) had its price target hoisted by investment analysts at Monness Crespi & Hardt from $24.00 to $26.00 in a research note issued on Monday. The firm currently has a “buy” rating on the stock. Monness Crespi & Hardt’s price target suggests a potential upside of 14.29% from the company’s current price.
A number of other research analysts have also issued reports on FINL. B. Riley reaffirmed a “buy” rating and set a $22.00 target price on shares of The Finish Line in a report on Monday, June 27th. Buckingham Research lowered The Finish Line to a “neutral” rating in a report on Monday. TheStreet raised The Finish Line from a “hold” rating to a “buy” rating in a report on Monday, July 25th. BB&T Corp. reaffirmed a “buy” rating and set a $24.00 target price on shares of The Finish Line in a report on Tuesday, June 28th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $25.00 target price (up from $24.00) on shares of The Finish Line in a report on Monday, June 27th. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The Finish Line currently has a consensus rating of “Hold” and a consensus target price of $22.55.
The Finish Line (NASDAQ:FINL) opened at 22.75 on Monday. The stock has a market capitalization of $942.90 million, a price-to-earnings ratio of 57.30 and a beta of 0.90. The Finish Line has a one year low of $15.37 and a one year high of $24.52. The stock’s 50 day moving average is $23.35 and its 200 day moving average is $20.54.
The Finish Line (NASDAQ:FINL) last released its earnings results on Friday, September 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. The firm had revenue of $509.40 million for the quarter. The Finish Line had a return on equity of 9.21% and a net margin of 0.93%. The Finish Line’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.57 earnings per share. On average, equities analysts forecast that The Finish Line will post $1.54 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 26th were issued a $0.10 dividend. The ex-dividend date was Wednesday, August 24th. This represents a $0.40 annualized dividend and a yield of 1.76%. The Finish Line’s dividend payout ratio (DPR) is currently 108.11%.
In related news, Director Stephen Goldsmith sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $21.73, for a total value of $86,920.00. Following the completion of the sale, the director now directly owns 36,651 shares in the company, valued at approximately $796,426.23. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Norman H. Gurwitz sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $22.10, for a total value of $55,250.00. Following the completion of the sale, the director now owns 4,912 shares of the company’s stock, valued at $108,555.20. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Teacher Retirement System of Texas raised its position in shares of The Finish Line by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,256 shares of the company’s stock worth $126,000 after buying an additional 760 shares during the period. Meeder Asset Management Inc. raised its position in shares of The Finish Line by 95.6% in the second quarter. Meeder Asset Management Inc. now owns 7,015 shares of the company’s stock worth $142,000 after buying an additional 3,429 shares during the period. Invictus RG acquired a new position in shares of The Finish Line during the first quarter worth approximately $163,000. Mason Street Advisors LLC acquired a new position in shares of The Finish Line during the second quarter worth approximately $167,000. Finally, Societe Generale acquired a new position in shares of The Finish Line during the second quarter worth approximately $184,000.
The Finish Line Company Profile
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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