Finish Line Inc (NASDAQ:FINL) had its price objective cut by Credit Suisse Group AG to $14.00 in a research note issued on Monday. Credit Suisse Group AG’s price target would suggest a potential upside of 8.28% from the stock’s current price.
Several other brokerages have also recently issued reports on FINL. Citigroup Inc decreased their target price on shares of Finish Line to $14.00 in a research report on Monday. Canaccord Genuity decreased their target price on shares of Finish Line to $14.00 in a research report on Monday. Mizuho restated a “buy” rating and set a $23.00 target price (down from $29.00) on shares of Finish Line in a research report on Wednesday, December 21st. B. Riley restated a “buy” rating and set a $27.00 target price on shares of Finish Line in a research report on Friday, December 16th. Finally, Jefferies Group LLC set a $19.00 target price on shares of Finish Line and gave the company a “buy” rating in a research report on Saturday. Twenty research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $19.91.
Shares of Finish Line (NASDAQ:FINL) opened at 12.93 on Monday. Finish Line has a 1-year low of $12.63 and a 1-year high of $24.52. The company has a 50 day moving average price of $16.74 and a 200 day moving average price of $20.03. The company’s market capitalization is $527.41 million.
Finish Line (NASDAQ:FINL) last announced its quarterly earnings results on Friday, March 24th. The company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.70 by $0.20. The company earned $557.50 million during the quarter, compared to analysts’ expectations of $544.88 million. Finish Line had a positive return on equity of 11.57% and a negative net margin of 0.25%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.83 EPS. Equities analysts predict that Finish Line will post $1.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 13th. Investors of record on Friday, February 24th were given a dividend of $0.11 per share. This is a boost from Finish Line’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, February 22nd. This represents a $0.44 dividend on an annualized basis and a yield of 3.40%. Finish Line’s dividend payout ratio is presently -285.71%.
In related news, Director Glenn S. Lyon sold 75,000 shares of the stock in a transaction that occurred on Thursday, December 29th. The shares were sold at an average price of $18.89, for a total transaction of $1,416,750.00. Following the completion of the sale, the director now owns 117,088 shares of the company’s stock, valued at $2,211,792.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.00% of the company’s stock.
A number of large investors have recently bought and sold shares of FINL. Envestnet Asset Management Inc. boosted its stake in Finish Line by 148.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,935 shares of the company’s stock worth $112,000 after buying an additional 3,549 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Finish Line during the third quarter worth approximately $208,000. Municipal Employees Retirement System of Michigan boosted its stake in Finish Line by 1.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 9,370 shares of the company’s stock worth $216,000 after buying an additional 120 shares during the last quarter. ETRADE Capital Management LLC purchased a new stake in Finish Line during the third quarter worth approximately $249,000. Finally, First Republic Investment Management Inc. boosted its stake in Finish Line by 21.0% in the fourth quarter. First Republic Investment Management Inc. now owns 14,150 shares of the company’s stock worth $266,000 after buying an additional 2,460 shares during the last quarter.
Finish Line Company Profile
The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.
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