Several other research analysts have also recently weighed in on the stock. Monness Crespi & Hardt lifted their price target on shares of The Finish Line from $24.00 to $26.00 and gave the stock a buy rating in a research note on Monday. Buckingham Research cut shares of The Finish Line from a buy rating to a neutral rating and dropped their price target for the stock from $25.00 to $23.00 in a research note on Monday. B. Riley restated a buy rating and set a $26.00 price objective on shares of The Finish Line in a research report on Monday. Piper Jaffray Cos. set a $18.00 price objective on shares of The Finish Line and gave the company a hold rating in a research report on Wednesday, September 21st. Finally, Canaccord Genuity restated a buy rating and set a $25.00 price objective on shares of The Finish Line in a research report on Wednesday, September 21st. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $22.65.
The Finish Line (NASDAQ:FINL) traded up 2.189% during mid-day trading on Monday, reaching $23.105. 278,909 shares of the company’s stock traded hands. The Finish Line has a one year low of $15.37 and a one year high of $24.52. The firm has a market cap of $937.18 million, a price-to-earnings ratio of 73.117 and a beta of 0.90. The firm’s 50-day moving average price is $23.36 and its 200 day moving average price is $20.59.
The Finish Line (NASDAQ:FINL) last issued its quarterly earnings results on Friday, September 23rd. The company reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The business had revenue of $509.40 million for the quarter. The Finish Line had a net margin of 0.93% and a return on equity of 9.21%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. On average, equities 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. Shareholders of record on Friday, August 26th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 24th. This represents a $0.40 annualized dividend and a yield of 1.77%. The Finish Line’s dividend payout ratio (DPR) is 108.11%.
In other The Finish Line news, Director Norman H. Gurwitz sold 2,500 shares of the business’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 completion of the sale, the director now directly owns 4,912 shares of the company’s stock, valued at approximately $108,555.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Catherine A. Langham sold 18,000 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $20.30, for a total transaction of $365,400.00. Following the completion of the sale, the director now directly owns 14,436 shares of the company’s stock, valued at $293,050.80. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY boosted its stake in The Finish Line by 13.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 35,394 shares of the company’s stock valued at $747,000 after buying an additional 4,320 shares during the period. Bayesian Capital Management LP bought a new stake in The Finish Line during the first quarter valued at about $248,000. Invictus RG bought a new stake in The Finish Line during the first quarter valued at about $163,000. Renaissance Technologies LLC bought a new stake in The Finish Line during the first quarter valued at about $1,123,000. Finally, Quadrature Capital Ltd boosted its stake in The Finish Line by 29.7% in the first quarter. Quadrature Capital Ltd now owns 83,872 shares of the company’s stock valued at $1,770,000 after buying an additional 19,211 shares during the period.
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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