Several other research firms have also issued reports on FINL. Susquehanna started coverage on shares of The Finish Line in a report on Tuesday, October 11th. They set a neutral rating and a $23.00 price target for the company. Brean Capital restated a buy rating and set a $24.00 price target on shares of The Finish Line in a report on Monday, October 3rd. Citigroup Inc. raised their price target on shares of The Finish Line from $24.00 to $26.00 and gave the stock a buy rating in a report on Tuesday, September 27th. Barclays PLC restated an equal weight rating and set a $18.00 price target on shares of The Finish Line in a report on Monday, September 26th. Finally, Bank of America Corp. restated a buy rating and set a $26.00 price target on shares of The Finish Line in a report on Monday, September 26th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $22.75.
The Finish Line (NASDAQ:FINL) opened at 21.775 on Wednesday. The company’s 50-day moving average is $23.10 and its 200 day moving average is $20.88. The firm has a market cap of $883.24 million, a PE ratio of 68.908 and a beta of 0.99. The Finish Line has a one year low of $15.37 and a one year high of $24.52.
The Finish Line (NASDAQ:FINL) last issued its quarterly earnings data on Friday, September 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. The business earned $509.40 million during the quarter. The Finish Line had a net margin of 0.72% and a return on equity of 8.83%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.57 EPS. Equities analysts anticipate that The Finish Line will post $1.54 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 25th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.83%. The Finish Line’s dividend payout ratio (DPR) is currently 108.11%.
In related news, insider Glenn S. Lyon sold 38,523 shares of the business’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $23.19, for a total value of $893,348.37. Following the sale, the insider now directly owns 192,088 shares in the company, valued at approximately $4,454,520.72. The sale 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 business’s 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 completion of the sale, the director now owns 36,651 shares in the company, valued at $796,426.23. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in 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 in 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 in the last quarter. Invictus RG purchased a new stake in shares of The Finish Line during the first quarter worth about $163,000. Mason Street Advisors LLC purchased a new stake in shares of The Finish Line during the second quarter worth about $167,000. Finally, Societe Generale purchased a new stake in shares of The Finish Line during the second quarter worth about $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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