FBR & Co reiterated their hold rating on shares of The Finish Line, Inc. (NASDAQ:FINL) in a research note released on Friday morning. FBR & Co currently has a $9.00 price objective on the specialty retailer’s stock.

Several other research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of The Finish Line from a hold rating to a sell rating in a report on Monday, August 28th. Deutsche Bank AG lowered shares of The Finish Line from a hold rating to a sell rating and cut their price objective for the stock from $15.00 to $5.00 in a report on Tuesday, August 29th. Susquehanna Bancshares Inc upgraded shares of The Finish Line from a neutral rating to a positive rating and increased their price objective for the stock from $9.00 to $12.00 in a report on Wednesday, September 13th. Citigroup Inc. lowered shares of The Finish Line from a neutral rating to a sell rating and cut their price objective for the stock from $14.00 to $5.00 in a report on Tuesday, August 29th. Finally, Bank of America Corporation restated an underperform rating and issued a $8.00 price target (down previously from $10.00) on shares of The Finish Line in a report on Tuesday, August 29th. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company’s stock. The Finish Line presently has an average rating of Hold and a consensus price target of $11.48.

Shares of The Finish Line (FINL) opened at 10.49 on Friday. The firm’s market capitalization is $421.62 million. The Finish Line has a 12 month low of $6.90 and a 12 month high of $24.50. The firm’s 50 day moving average is $11.03 and its 200-day moving average is $13.72.

The Finish Line (NASDAQ:FINL) last announced its quarterly earnings data on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The business had revenue of $469.40 million for the quarter, compared to analyst estimates of $478.25 million. The Finish Line had a negative net margin of 2.13% and a positive return on equity of 5.44%. The company’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. On average, analysts expect that The Finish Line will post $0.54 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright laws. The original version of this piece of content can be read at https://www.dailypolitical.com/2017/09/26/fbr-co-reaffirms-hold-rating-for-the-finish-line-inc-finl.html.

The business also recently declared 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. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Wednesday, August 23rd. The Finish Line’s payout ratio is currently -45.83%.

In other news, COO Melissa A. Greenwell sold 7,525 shares of the firm’s stock in a transaction that occurred on 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 owns 11,862 shares of the company’s stock, valued at $269,386.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Melissa A. Greenwell sold 4,077 shares of the firm’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 sale, the chief operating officer now directly owns 11,862 shares of the company’s stock, valued at approximately $257,049.54. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in FINL. Louisiana State Employees Retirement System grew its position in shares of The Finish Line by 1.2% during the first quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the specialty retailer’s stock worth $235,000 after buying an additional 200 shares in the last quarter. Great West Life Assurance Co. Can grew its position in shares of The Finish Line by 4.5% during the first quarter. Great West Life Assurance Co. Can now owns 55,798 shares of the specialty retailer’s stock worth $794,000 after buying an additional 2,405 shares in the last quarter. First Trust Advisors LP grew its position in shares of The Finish Line by 87.1% during the first quarter. First Trust Advisors LP now owns 59,019 shares of the specialty retailer’s stock worth $840,000 after buying an additional 27,469 shares in the last quarter. American Century Companies Inc. grew its position in shares of The Finish Line by 1.7% during the first quarter. American Century Companies Inc. now owns 156,144 shares of the specialty retailer’s stock worth $2,222,000 after buying an additional 2,553 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its position in shares of The Finish Line by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 39,843 shares of the specialty retailer’s stock worth $567,000 after buying an additional 6,013 shares in the last quarter. 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)

Receive News & Ratings for The Finish Line Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Finish Line Inc. and related companies with MarketBeat.com's FREE daily email newsletter.