UBS AG upgraded shares of The Finish Line, Inc. (NASDAQ:FINL) from a neutral rating to a positive rating in a research note released on Wednesday, The Fly reports.

Several other analysts have also weighed in on FINL. Piper Jaffray Companies set a $13.00 price objective on The Finish Line and gave the company a hold rating in a report on Saturday, June 24th. BidaskClub raised The Finish Line from a sell rating to a hold rating in a report on Thursday, August 10th. Bank of America Corporation reissued a neutral rating and issued a $14.00 price objective (down from $16.00) on shares of The Finish Line in a report on Monday, June 26th. Jefferies Group LLC set a $13.00 price objective on The Finish Line and gave the company a buy rating in a report on Tuesday, August 29th. Finally, Monness Crespi & Hardt lowered The Finish Line from a buy rating to a neutral rating in a report on Monday, August 21st. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $11.85.

The Finish Line (FINL) traded up 2.84% on Wednesday, reaching $10.49. The company had a trading volume of 2,181,848 shares. The stock has a 50 day moving average of $11.26 and a 200 day moving average of $13.85. The firm’s market capitalization is $421.13 million. The Finish Line has a 12 month low of $6.90 and a 12 month high of $24.50.

The Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Friday, June 23rd. The specialty retailer reported $0.23 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. The firm had revenue of $429.80 million during the quarter, compared to analyst estimates 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 Finish Line’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 earnings per share. On average, analysts anticipate that The Finish Line will post $0.57 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Friday, August 25th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.44 annualized dividend and a dividend yield of 4.19%. The Finish Line’s dividend payout ratio is presently -89.80%.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its position in shares of The Finish Line by 15.9% during the second quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock worth $155,000 after buying an additional 1,504 shares during the period. Koch Industries Inc. acquired a new position in shares of The Finish Line during the second quarter worth approximately $242,000. State Street Corp boosted its position in shares of The Finish Line by 6.5% during the second quarter. State Street Corp now owns 1,470,739 shares of the specialty retailer’s stock worth $20,840,000 after buying an additional 90,370 shares during the period. Gotham Asset Management LLC acquired a new position in shares of The Finish Line during the second quarter worth approximately $452,000. Finally, QS Investors LLC boosted its position in shares of The Finish Line by 0.5% during the second quarter. QS Investors LLC now owns 225,029 shares of the specialty retailer’s stock worth $3,189,000 after buying an additional 1,212 shares during the period. Institutional investors and hedge funds own 99.94% of the company’s stock.

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.

The Fly

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

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