Finish Line Inc (NASDAQ:FINL) had its target price lowered by research analysts at Wedbush to $15.00 in a note issued to investors on Monday. Wedbush’s target price points to a potential upside of 16.01% from the stock’s previous close.
Other research analysts also recently issued reports about the company. Piper Jaffray Companies set a $19.00 price target on Finish Line and gave the stock a “hold” rating in a research note on Sunday, December 18th. B. Riley restated a “buy” rating and issued a $27.00 price target on shares of Finish Line in a research note on Friday, December 16th. Jefferies Group LLC set a $19.00 price target on Finish Line and gave the stock a “buy” rating in a research note on Saturday. FBR & Co dropped their price target on Finish Line from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Zacks Investment Research upgraded Finish Line from a “sell” rating to a “hold” rating in a research note on Thursday, December 22nd. Twenty investment 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 $20.55.
Finish Line (NASDAQ:FINL) opened at 12.93 on Monday. The company has a 50 day moving average of $16.74 and a 200 day moving average of $20.03. The stock’s market capitalization is $524.44 million. Finish Line has a 52 week low of $12.63 and a 52 week high of $24.52.
Finish Line (NASDAQ:FINL) last posted its quarterly earnings results on Friday, March 24th. The company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.20. Finish Line had a positive return on equity of 11.57% and a negative net margin of 0.25%. The business earned $557.50 million during the quarter, compared to the consensus estimate of $544.88 million. During the same quarter in the previous year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Equities analysts expect 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. Stockholders of record on Friday, February 24th were given a dividend of $0.11 per share. This is an increase from Finish Line’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Wednesday, February 22nd. Finish Line’s dividend payout ratio is currently -285.71%.
In other news, Director Glenn S. Lyon sold 75,000 shares of the stock in a transaction that occurred on Thursday, December 29th. The stock was sold at an average price of $18.89, for a total transaction of $1,416,750.00. Following the completion of the transaction, the director now directly owns 117,088 shares in the company, valued at approximately $2,211,792.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.00% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. increased its stake in shares of Finish Line by 1.8% in the second quarter. Macquarie Group Ltd. now owns 458,195 shares of the company’s stock worth $9,251,000 after buying an additional 8,041 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in shares of Finish Line during the third quarter worth about $711,000. Alambic Investment Management L.P. increased its stake in shares of Finish Line by 19.0% in the third quarter. Alambic Investment Management L.P. now owns 102,500 shares of the company’s stock worth $2,366,000 after buying an additional 16,400 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Finish Line by 72.8% in the third quarter. First Trust Advisors LP now owns 48,275 shares of the company’s stock worth $1,114,000 after buying an additional 20,340 shares in the last quarter. Finally, Aperio Group LLC increased its stake in shares of Finish Line by 8.1% in the third quarter. Aperio Group LLC now owns 15,941 shares of the company’s stock worth $368,000 after buying an additional 1,194 shares in the last quarter.
About Finish Line
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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