Shares of The Finish Line, Inc. (NASDAQ:FINL) gapped down before the market opened on Monday . The stock had previously closed at $10.99, but opened at $10.00. The Finish Line shares last traded at $9.10, with a volume of 3538700 shares trading hands.

Several analysts recently commented on FINL shares. Zacks Investment Research downgraded shares of The Finish Line from a “hold” rating to a “sell” rating in a research report on Monday, August 28th. Deutsche Bank AG downgraded shares of The Finish Line from a “hold” rating to a “sell” rating and dropped their price target for the company 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 research note on Wednesday, September 13th. Cowen and Company set a $10.00 price objective on shares of The Finish Line and gave the stock a “hold” rating in a research note on Monday, October 23rd. Finally, Morgan Stanley decreased their target price on shares of The Finish Line from $13.50 to $10.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 13th. Seven equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $10.60.

The company has a market capitalization of $360.58, a PE ratio of 14.57, a PEG ratio of 1.64 and a beta of 1.33.

The Finish Line (NASDAQ:FINL) last issued its quarterly earnings data on Friday, September 22nd. The specialty retailer reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The business had revenue of $469.40 million during the quarter, compared to the consensus estimate 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 firm’s revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS. research analysts expect that The Finish Line, Inc. will post 0.52 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Friday, November 24th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Wednesday, November 22nd. The Finish Line’s payout ratio is -45.83%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System boosted its stake in shares of The Finish Line by 3.6% in the 2nd quarter. California Public Employees Retirement System now owns 217,659 shares of the specialty retailer’s stock valued at $3,084,000 after purchasing an additional 7,600 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of The Finish Line by 20.1% during the second quarter. Ameriprise Financial Inc. now owns 255,915 shares of the specialty retailer’s stock worth $3,626,000 after purchasing an additional 42,881 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of The Finish Line by 19.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 488,067 shares of the specialty retailer’s stock worth $6,916,000 after purchasing an additional 79,086 shares during the last quarter. Gotham Asset Management LLC bought a new stake in shares of The Finish Line during the second quarter worth $452,000. Finally, Airain ltd lifted its position in shares of The Finish Line by 37.9% during the second quarter. Airain ltd now owns 148,369 shares of the specialty retailer’s stock worth $2,102,000 after purchasing an additional 40,791 shares during the last quarter. 98.85% of the stock is currently owned by institutional investors.

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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.

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