The Finish Line Inc. (FINL) Rating Reiterated by Canaccord Genuity
The Finish Line Inc. (NASDAQ:FINL)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity in a research report issued on Wednesday. They currently have a $25.00 price objective on the stock. Canaccord Genuity’s price target suggests a potential upside of 4.21% from the stock’s previous close.
FINL has been the subject of a number of other reports. Zacks Investment Research upgraded The Finish Line from a “sell” rating to a “hold” rating in a research note on Monday, June 27th. Brean Capital reiterated a “buy” rating and issued a $24.00 price target on shares of The Finish Line in a research note on Tuesday, September 13th. Robert W. Baird reiterated a “hold” rating and issued a $20.00 price target on shares of The Finish Line in a research note on Thursday, June 23rd. Jefferies Group reiterated a “buy” rating and issued a $25.00 price target (up from $24.00) on shares of The Finish Line in a research note on Monday, June 27th. Finally, BB&T Corp. reiterated a “buy” rating and issued a $24.00 price target on shares of The Finish Line in a research note on Tuesday, June 28th. Twelve research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $22.37.
The Finish Line (NASDAQ:FINL) opened at 23.99 on Wednesday. The firm has a market capitalization of $994.29 million, a PE ratio of 60.43 and a beta of 0.90. The firm has a 50-day moving average price of $23.31 and a 200-day moving average price of $20.51. 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 announced its quarterly earnings results on Friday, June 24th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The Finish Line had a return on equity of 9.21% and a net margin of 0.93%. The company earned $453.50 million during the quarter. During the same quarter in the previous year, the company posted $0.30 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. Equities analysts expect that The Finish Line will post $1.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 26th were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 24th. This represents a $0.40 annualized dividend and a dividend yield of 1.67%. The Finish Line’s dividend payout ratio is currently 100.00%.
In other The Finish Line news, Director Norman H. Gurwitz sold 2,500 shares of The Finish Line stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $22.10, for a total transaction of $55,250.00. Following the transaction, the director now owns 4,912 shares of the company’s stock, valued at approximately $108,555.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Stephen Goldsmith sold 4,000 shares of The Finish Line stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $19.63, for a total transaction of $78,520.00. Following the transaction, the director now directly owns 33,045 shares in the company, valued at approximately $648,673.35. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Invictus RG purchased a new position in The Finish Line during the first quarter valued at approximately $163,000. Metropolitan Life Insurance Co. NY boosted its stake in The Finish Line by 13.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 35,394 shares of the company’s stock worth $747,000 after buying an additional 4,320 shares during the period. BlackRock Group LTD boosted its stake in The Finish Line by 6.2% in the first quarter. BlackRock Group LTD now owns 72,627 shares of the company’s stock worth $1,532,000 after buying an additional 4,225 shares during the period. SECOR Capital Advisors LP bought a new stake in The Finish Line during the second quarter worth approximately $579,000. Finally, Pacad Investment Ltd. bought a new stake in The Finish Line during the first quarter worth approximately $803,000.
The Finish Line Company Profile
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.
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