Susquehanna Bancshares Inc upgraded shares of The Finish Line, Inc. (NASDAQ:FINL) from a neutral rating to a positive rating in a research note published on Wednesday morning. The firm currently has $12.00 price objective on the specialty retailer’s stock, up from their prior price objective of $9.00.

Several other research firms have also commented on FINL. Jefferies Group LLC reaffirmed a buy rating and set a $19.00 price target on shares of The Finish Line in a research report on Friday, June 9th. Zacks Investment Research raised The Finish Line from a sell rating to a hold rating in a research report on Tuesday, June 13th. Canaccord Genuity reissued a hold rating and issued a $14.00 target price on shares of The Finish Line in a research report on Friday, May 26th. Bank of America Corporation boosted their target price on The Finish Line from $14.00 to $15.00 and gave the company a neutral rating in a research report on Friday, July 21st. Finally, Wedbush reissued a neutral rating and issued a $15.00 target price on shares of The Finish Line in a research report on Friday, June 16th. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $11.85.

Shares of The Finish Line (NASDAQ:FINL) traded down 2.12% during midday trading on Wednesday, reaching $10.15. The company’s stock had a trading volume of 839,097 shares. The Finish Line has a one year low of $6.90 and a one year high of $24.50. The stock’s 50 day moving average price is $11.54 and its 200 day moving average price is $13.95. The firm’s market cap is $407.48 million.

The Finish Line (NASDAQ:FINL) last released its quarterly 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 firm had revenue of $429.80 million for the quarter, compared to analyst estimates of $433.97 million. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. Analysts predict that The Finish Line will post $0.57 earnings per share for the current year.

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The business also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Shareholders of record on Friday, August 25th were paid a $0.11 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $0.44 annualized dividend and a yield of 4.24%. The Finish Line’s dividend payout ratio is presently -89.80%.

In other news, COO Melissa A. Greenwell sold 4,077 shares of the company’s stock in a transaction dated Saturday, July 29th. The shares were 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 directly owns 11,862 shares of the company’s stock, valued at $257,049.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Melissa A. Greenwell sold 7,525 shares of the company’s stock in a transaction dated Saturday, July 15th. The shares were sold at an average price of $22.71, for a total transaction 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 $269,386.02. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in FINL. SG Americas Securities LLC purchased a new stake in shares of The Finish Line in the second quarter valued at about $102,000. State of Alaska Department of Revenue raised its holdings 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 valued at $112,000 after buying an additional 3,464 shares during the last quarter. Mason Street Advisors LLC raised its holdings 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 valued at $135,000 after buying an additional 620 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings 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 valued at $135,000 after buying an additional 650 shares during the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of The Finish Line in the first quarter valued at about $157,000. 99.94% of the stock is owned by institutional investors and hedge funds.

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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