Other research analysts have also recently issued research reports about the stock. Citigroup Inc. reiterated a buy rating and set a $23.00 price target on shares of The Finish Line in a report on Wednesday, June 22nd. B. Riley reiterated a buy rating and set a $22.00 price target on shares of The Finish Line in a report on Monday, June 27th. TheStreet upgraded shares of The Finish Line to a buy rating in a report on Thursday, May 26th. Brean Capital restated a buy rating on shares of The Finish Line in a report on Thursday, June 16th. Finally, Buckingham Research restated a buy rating and issued a $25.00 target price on shares of The Finish Line in a report on Tuesday, June 21st. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The Finish Line currently has an average rating of Hold and a consensus target price of $22.65.
The Finish Line (NASDAQ:FINL) opened at 22.61 on Wednesday. The Finish Line has a 12-month low of $15.37 and a 12-month high of $24.52. The firm has a 50-day moving average of $23.36 and a 200-day moving average of $20.59. The stock has a market cap of $917.11 million, a PE ratio of 71.55 and a beta of 0.90.
The Finish Line (NASDAQ:FINL) last posted its quarterly earnings results on Friday, September 23rd. The company reported $0.53 EPS for the quarter, hitting the consensus estimate 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 last year, the firm earned $0.57 EPS. The company’s revenue was up 5.4% on a year-over-year basis. Equities analysts predict that The Finish Line will post $1.54 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 26th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.40 dividend on an annualized basis and a yield of 1.77%. The Finish Line’s payout ratio is 108.11%.
In related news, Director Stephen Goldsmith sold 4,000 shares of the stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $21.73, for a total value of $86,920.00. Following the sale, the director now directly owns 36,651 shares of the company’s stock, valued at approximately $796,426.23. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Norman H. Gurwitz sold 2,500 shares of the stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $22.10, for a total transaction of $55,250.00. Following the completion of the sale, the director now directly owns 4,912 shares in the company, valued at $108,555.20. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Teacher Retirement System of Texas boosted its stake 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 last quarter. Meeder Asset Management Inc. boosted its stake 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 last quarter. Invictus RG acquired a new stake in shares of The Finish Line during the first quarter worth approximately $163,000. Mason Street Advisors LLC acquired a new stake in shares of The Finish Line during the second quarter worth approximately $167,000. Finally, Societe Generale acquired a new stake 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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