The Finish Line’s (FINL) Equal Weight Rating Reaffirmed at Morgan Stanley
Several other brokerages also recently weighed in on FINL. Zacks Investment Research raised shares of The Finish Line from a hold rating to a buy rating and set a $27.00 target price on the stock in a report on Wednesday, August 31st. Citigroup Inc. reaffirmed a buy rating and issued a $24.00 target price on shares of The Finish Line in a report on Tuesday, August 23rd. Canaccord Genuity reaffirmed a buy rating and issued a $25.00 price target on shares of The Finish Line in a report on Wednesday, September 21st. Piper Jaffray Cos. set a $18.00 price objective on shares of The Finish Line and gave the company a hold rating in a research report on Wednesday, September 21st. Finally, B. Riley boosted their price objective on shares of The Finish Line from $22.00 to $26.00 and gave the company a buy rating in a research report on Wednesday, September 21st. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $22.75.
The Finish Line (NASDAQ:FINL) traded down 2.34% during mid-day trading on Wednesday, hitting $21.69. The company had a trading volume of 174,561 shares. The firm has a market capitalization of $879.79 million, a PE ratio of 68.64 and a beta of 0.99. The Finish Line has a 1-year low of $15.37 and a 1-year high of $24.52. The company has a 50 day moving average of $23.21 and a 200 day moving average of $20.87.
The Finish Line (NASDAQ:FINL) last posted its quarterly earnings data on Friday, September 23rd. The company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. The company had revenue of $509.40 million for the quarter. The Finish Line had a net margin of 0.72% and a return on equity of 8.83%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Analysts predict that The Finish Line will post $1.54 earnings per share for the current fiscal year.
In other The Finish Line news, insider Glenn S. Lyon sold 38,523 shares of the stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $23.19, for a total transaction of $893,348.37. Following the sale, the insider now directly owns 192,088 shares of the company’s stock, valued at $4,454,520.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Norman H. Gurwitz sold 2,500 shares of the stock in a transaction on Friday, July 15th. The stock was sold at an average price of $22.10, for a total transaction of $55,250.00. Following the sale, the director now directly owns 4,912 shares in the company, valued at $108,555.20. The disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Teacher Retirement System of Texas boosted its stake in shares of The Finish Line by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,256 shares of the company’s stock worth $126,000 after buying an additional 760 shares during the period. Meeder Asset Management Inc. boosted its stake in shares of The Finish Line by 95.6% in the second quarter. Meeder Asset Management Inc. now owns 7,015 shares of the company’s stock worth $142,000 after buying an additional 3,429 shares during the period. Invictus RG acquired a new stake in shares of The Finish Line during the first quarter worth $163,000. Mason Street Advisors LLC acquired a new stake in shares of The Finish Line during the second quarter worth $167,000. Finally, Societe Generale acquired a new stake in shares of The Finish Line during the second quarter worth $184,000.
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.
Receive News & Ratings for The Finish Line Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Finish Line Inc. and related companies with MarketBeat.com's FREE daily email newsletter.