Finish Line Inc (FINL) Plans Quarterly Dividend of $0.12
Finish Line Inc (NASDAQ:FINL) declared a quarterly dividend on Wednesday, January 17th, RTT News reports. Investors of record on Friday, March 2nd will be paid a dividend of 0.115 per share by the specialty retailer on Monday, March 19th. This represents a $0.46 dividend on an annualized basis and a yield of 3.55%. This is an increase from Finish Line’s previous quarterly dividend of $0.11.
Shares of Finish Line (NASDAQ:FINL) traded down $0.60 on Wednesday, reaching $12.95. The company had a trading volume of 1,157,900 shares, compared to its average volume of 1,682,170. The stock has a market cap of $546.42, a PE ratio of -46.25, a P/E/G ratio of 1.99 and a beta of 1.37. Finish Line has a 1 year low of $6.90 and a 1 year high of $18.30.
Finish Line (NASDAQ:FINL) last released its earnings results on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.36) by $0.10. Finish Line had a positive return on equity of 5.43% and a negative net margin of 0.62%. The company had revenue of $378.50 million for the quarter, compared to analysts’ expectations of $361.46 million. During the same quarter in the previous year, the business posted ($0.24) EPS. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. analysts expect that Finish Line will post 0.65 EPS for the current fiscal year.
Several research firms have weighed in on FINL. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $12.00 target price on shares of Finish Line in a research note on Friday, September 29th. Zacks Investment Research raised Finish Line from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. B. Riley reaffirmed a “neutral” rating and set a $10.00 target price on shares of Finish Line in a research note on Friday, December 22nd. Wells Fargo & Co reaffirmed a “market perform” rating and set a $12.00 target price (up previously from $9.00) on shares of Finish Line in a research note on Monday, September 25th. Finally, Cowen raised Finish Line from an “underperform” rating to a “hold” rating and set a $12.00 target price on the stock in a research note on Thursday, December 21st. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $11.29.
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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.
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