Credit Suisse Group AG Cuts Finish Line Inc (FINL) Price Target to $14.00

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.

Analyst Recommendations for Finish Line (NASDAQ:FINL)

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%.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by Mideast Time and is the sole property of of Mideast Time. If you are viewing this piece of content on another publication, it was stolen and reposted in violation of United States & international copyright and trademark laws. The correct version of this piece of content can be read at https://www.mideasttime.com/credit-suisse-group-ag-cuts-finish-line-inc-finl-price-target-to-14-00/1589116.html.

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.

5 Day Chart for NASDAQ:FINL

Receive News & Ratings for Finish Line Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finish Line Inc and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply

 
© 2006-2017 Mideast Time.