The Finish Line Inc. (NASDAQ:FINL)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity in a report issued on Wednesday. They currently have a $25.00 target price on the stock. Canaccord Genuity’s price target indicates a potential upside of 4.21% from the company’s current price.

Other research analysts also recently issued reports about the stock. B. Riley reiterated a “buy” rating and issued a $22.00 price target on shares of The Finish Line in a research report on Monday, June 27th. Brean Capital restated a “buy” rating on shares of The Finish Line in a research report on Thursday, June 16th. TheStreet downgraded shares of The Finish Line to a “hold” rating in a research report on Wednesday, June 15th. Jefferies Group restated a “buy” rating and set a $25.00 price objective (up from $24.00) on shares of The Finish Line in a research report on Monday, June 27th. Finally, Zacks Investment Research upgraded shares of The Finish Line from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, August 31st. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.37.

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

Shares of The Finish Line (NASDAQ:FINL) opened at 23.99 on Wednesday. The firm has a 50-day moving average of $23.31 and a 200 day moving average of $20.51. The company has a market capitalization of $994.29 million, a P/E ratio of 60.43 and a beta of 0.90. The Finish Line has a 1-year low of $15.37 and a 1-year high of $24.52.

The Finish Line (NASDAQ:FINL) last released its quarterly earnings results on Friday, June 24th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The Finish Line had a net margin of 0.93% and a return on equity of 9.21%. The business had revenue of $453.50 million for the quarter. During the same quarter in the previous year, the business posted $0.30 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. On average, analysts anticipate that The Finish Line will post $1.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Friday, August 26th were issued a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 24th. This represents a $0.40 dividend on an annualized basis and a yield of 1.67%. The Finish Line’s payout ratio is 100.00%.

In other news, Director Norman H. Gurwitz sold 2,500 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $22.10, for a total value of $55,250.00. Following the completion of the sale, the director now owns 4,912 shares in the company, valued at approximately $108,555.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Catherine A. Langham sold 18,000 shares of the business’s stock in a transaction dated Friday, July 1st. The shares were sold at an average price of $20.30, for a total transaction of $365,400.00. Following the completion of the sale, the director now owns 14,436 shares of the company’s stock, valued at approximately $293,050.80. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

Several large investors have recently bought and sold shares of FINL. Dimensional Fund Advisors LP raised its stake in The Finish Line by 32.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,569,624 shares of the company’s stock valued at $72,071,000 after buying an additional 880,360 shares in the last quarter. Vanguard Group Inc. raised its stake in The Finish Line by 0.7% in the second quarter. Vanguard Group Inc. now owns 3,414,977 shares of the company’s stock valued at $68,948,000 after buying an additional 23,710 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new stake in The Finish Line during the second quarter valued at approximately $40,831,000. Boston Partners raised its stake in The Finish Line by 1.3% in the second quarter. Boston Partners now owns 1,668,741 shares of the company’s stock valued at $33,692,000 after buying an additional 22,011 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in The Finish Line by 1.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,155,221 shares of the company’s stock valued at $23,324,000 after buying an additional 12,005 shares in the last quarter.

About The Finish Line

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.

5 Day Chart for NASDAQ:FINL

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