Jefferies Group LLC set a $17.00 price objective on The Finish Line, Inc. (NASDAQ:FINL) in a research note issued to investors on Sunday. The firm currently has a buy rating on the specialty retailer’s stock.

A number of other research analysts have also recently commented on FINL. Monness Crespi & Hardt upgraded shares of The Finish Line from a neutral rating to a buy rating and increased their price target for the company from $14.09 to $17.00 in a research report on Monday, May 22nd. They noted that the move was a valuation call. Canaccord Genuity reiterated a hold rating and set a $14.00 price target on shares of The Finish Line in a research report on Friday, May 26th. Zacks Investment Research upgraded shares of The Finish Line from a sell rating to a hold rating in a research report on Tuesday, June 13th. Wedbush reiterated a neutral rating and set a $15.00 price target on shares of The Finish Line in a research report on Friday, June 16th. Finally, Piper Jaffray Companies reiterated a neutral rating on shares of The Finish Line in a research report on Wednesday, June 21st. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $18.11.

Shares of The Finish Line (FINL) opened at 11.01 on Friday. The Finish Line has a 52-week low of $10.49 and a 52-week high of $24.52. The company’s 50-day moving average is $13.69 and its 200 day moving average is $14.90. The firm’s market capitalization is $442.01 million.

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

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The firm also recently declared a quarterly dividend, which will be paid on Monday, September 11th. Investors of record on Friday, August 25th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Wednesday, August 23rd. The Finish Line’s payout ratio is -89.80%.

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

A number of hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of The Finish Line during the second quarter worth approximately $102,000. State of Alaska Department of Revenue raised its stake in shares of The Finish Line by 77.0% in the second quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock worth $112,000 after buying an additional 3,464 shares during the last quarter. Mason Street Advisors LLC raised its stake in shares of The Finish Line by 7.0% in the first quarter. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer’s stock worth $135,000 after buying an additional 620 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of The Finish Line by 7.4% in the first quarter. Public Employees Retirement System of Ohio now owns 9,465 shares of the specialty retailer’s stock worth $135,000 after buying an additional 650 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of The Finish Line during the first quarter worth approximately $157,000.

The Finish Line Company Profile

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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