The Finish Line, Inc. (NASDAQ:FINL) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Friday.

FINL has been the subject of several other reports. Monness Crespi & Hardt raised The Finish Line from a “neutral” rating to a “buy” rating and lifted their target price for the company from $14.09 to $17.00 in a research note on Monday, May 22nd. They noted that the move was a valuation call. Canaccord Genuity reissued a “hold” rating and issued a $14.00 target price on shares of The Finish Line in a research note on Friday, May 26th. Piper Jaffray Companies reissued a “neutral” rating on shares of The Finish Line in a research note on Wednesday, June 21st. Bank of America Corporation reissued a “neutral” rating and issued a $14.00 target price (down from $16.00) on shares of The Finish Line in a research note on Monday, June 26th. Finally, Wedbush reissued a “neutral” rating and issued a $15.00 target price on shares of The Finish Line in a research note on Friday, June 16th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $18.11.

Shares of The Finish Line (NASDAQ FINL) traded down 0.44% during mid-day trading on Friday, hitting $13.71. The stock had a trading volume of 526,335 shares. The firm’s 50-day moving average price is $13.94 and its 200 day moving average price is $15.25. The stock’s market cap is $550.40 million. The Finish Line has a 12-month low of $12.25 and a 12-month high of $24.52.

The Finish Line (NASDAQ:FINL) last released its earnings results on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The company had revenue of $429.80 million during the quarter, compared to analysts’ expectations of $433.97 million. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm earned $0.23 EPS. Equities analysts forecast that The Finish Line will post $1.14 EPS for the current fiscal year.

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In other The Finish Line news, COO Melissa A. Greenwell sold 7,525 shares of The Finish Line stock in a transaction dated Saturday, July 15th. The stock was sold at an average price of $22.71, for a total transaction of $170,892.75. Following the transaction, the chief operating officer now directly owns 11,862 shares in the company, valued at $269,386.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction dated Saturday, July 29th. The stock was sold at an average price of $21.67, for a total value of $88,348.59. Following the transaction, the chief operating officer now owns 11,862 shares in the company, valued at $257,049.54. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in The Finish Line during the fourth quarter valued at $17,540,000. UBS Asset Management Americas Inc. raised its position in The Finish Line by 2,410.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 554,857 shares of the specialty retailer’s stock valued at $10,437,000 after buying an additional 532,759 shares in the last quarter. Bank of America Corp DE raised its position in The Finish Line by 388.8% in the first quarter. Bank of America Corp DE now owns 541,195 shares of the specialty retailer’s stock valued at $7,702,000 after buying an additional 430,476 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in The Finish Line during the first quarter valued at $3,640,000. Finally, Trexquant Investment LP acquired a new position in The Finish Line during the first quarter valued at $3,143,000.

About The 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.

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

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