Finish Line Declares Quarterly Dividend of $0.07 (FINL)
Finish Line (NASDAQ:FINL) declared a quarterly dividend on Wednesday, January 16th. Shareholders of record on Friday, March 1st will be given a dividend of $0.07 per share on Monday, March 18th. This represents a $0.28 dividend on an annualized basis and a yield of 1.58%.
A number of research firms have also recently commented on FINL. Analysts at Zacks downgraded shares of Finish Line from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, January 9th. They now have a $16.70 price target on the stock. On the ratings front, analysts at Gilford Securities reiterated a “buy” rating on shares of Finish Line in a research note to investors on Monday, January 7th. Finally, analysts at B. Riley downgraded shares of Finish Line from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 7th.
Two research analysts have rated the stock with a buy rating, eleven have assigned a hold rating, and one has assigned an underweight rating to the company. The company presently has an average rating of “hold” and a consensus price target of $18.98.
Shares of Finish Line (FINL) traded up 1.20% during mid-day trading on Wednesday, hitting $17.73. Finish Line (FINL) has a one year low of $16.87 and a one year high of $26.16. The stock’s 50-day moving average is currently $18.82. The company has a market cap of $881.3 million and a P/E ratio of 11.49.
Finish Line last announced its earnings results on Friday, January 4th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.11. The company had revenue of $296.60 million for the quarter, compared to the consensus estimate of $298.48 million. During the same quarter in 2012, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 5.2% on a year-over-year basis. Finish Line has set its Q4 guidance at $0.74-0.78 EPS. On average, analysts predict that Finish Line (FINL) will post $1.49 earnings per share for the current fiscal year.
The Finish Line, Inc., together with its subsidiaries, is a mall-based specialty retailers in the United States, and operates two retail divisions under the Finish Line brand name (Finish Line) and Running Specialty Group (Running Specialty).
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