Finish Line (FINL) Raised to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Finish Line (NASDAQ:FINL) from a sell rating to a buy rating in a research note released on Friday. They currently have $12.00 target price on the specialty retailer’s stock.
According to Zacks, “The Finish Line, Inc. is a premium retailer that carries the latest and greatest shoes, apparel and accessories. Headquartered in Indianapolis, Finish Line runs the branded locations in U.S. malls and shops inside Macy’s department stores. They deliver the Epic Finish by providing the most desirable sneakers, latest trends, and exclusives from the best brands. They deliver the Epic Finish by listening and responding to our customer at every touch point. they are endlessly focused on delivering what’s next to meet their evolving expectations. “
Other equities research analysts have also recently issued reports about the stock. BidaskClub cut shares of Finish Line from a buy rating to a hold rating in a research report on Wednesday, January 10th. Susquehanna Bancshares upgraded shares of Finish Line from a neutral rating to a positive rating and set a $14.00 price target on the stock in a research report on Monday, February 26th. Buckingham Research upgraded shares of Finish Line from an underperform rating to a neutral rating and dropped their price target for the stock from $10.00 to $7.00 in a research report on Wednesday, February 21st. They noted that the move was a valuation call. Cowen upgraded shares of Finish Line from an underperform rating to a hold rating and set a $12.00 price target on the stock in a research report on Thursday, December 21st. Finally, Canaccord Genuity set a $9.00 price target on shares of Finish Line and gave the stock a hold rating in a research report on Wednesday, December 20th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. Finish Line currently has a consensus rating of Hold and a consensus target price of $11.19.
Finish Line (NASDAQ:FINL) last issued its quarterly earnings results on Thursday, December 21st. The specialty retailer reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.10. Finish Line had a negative net margin of 0.62% and a positive return on equity of 5.43%. The firm had revenue of $378.50 million for the quarter, compared to analysts’ expectations of $361.46 million. During the same period in the previous year, the business earned ($0.24) earnings per share. Finish Line’s revenue for the quarter was up 1.8% compared to the same quarter last year. equities analysts anticipate that Finish Line will post 0.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 2nd will be issued a $0.115 dividend. This is an increase from Finish Line’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, March 1st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.44%. Finish Line’s dividend payout ratio is currently -164.28%.
Institutional investors and hedge funds have recently modified their holdings of the company. Fernwood Investment Management LLC acquired a new position in shares of Finish Line in the 3rd quarter valued at about $120,000. FNY Managed Accounts LLC increased its holdings in shares of Finish Line by 5,100.0% in the 3rd quarter. FNY Managed Accounts LLC now owns 10,000 shares of the specialty retailer’s stock valued at $120,000 after purchasing an additional 10,200 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Finish Line by 15.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock valued at $155,000 after purchasing an additional 1,504 shares during the period. Virtu Financial LLC acquired a new position in shares of Finish Line in the 4th quarter valued at about $167,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Finish Line in the 4th quarter valued at about $181,000. Institutional investors own 92.02% of the company’s stock.
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About 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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