Finish Line Inc (FINL) Price Target Cut to $15.00 by Analysts at Wedbush

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.

Analyst Recommendations for Finish Line (NASDAQ:FINL)

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%.

COPYRIGHT VIOLATION NOTICE: “Finish Line Inc (FINL) Price Target Cut to $15.00 by Analysts at Wedbush” was first published by Mideast Time and is the sole property of of Mideast Time. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.mideasttime.com/finish-line-inc-finl-price-target-cut-to-15-00-by-analysts-at-wedbush/1589144.html.

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.

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.