The Finish Line, Inc. (NASDAQ:FINL)‘s stock had its “underweight” rating reaffirmed by stock analysts at Piper Jaffray Companies in a research report issued to clients and investors on Monday. They currently have a $8.00 price target on the specialty retailer’s stock. Piper Jaffray Companies’ price target points to a potential downside of 16.32% from the stock’s previous close.
A number of other research analysts also recently commented on FINL. BidaskClub upgraded shares of The Finish Line from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. UBS AG upgraded shares of The Finish Line from a “neutral” rating to a “positive” rating in a research note on Wednesday, September 13th. Bank of America Corporation reiterated a “neutral” rating and set a $14.00 price objective (down from $16.00) on shares of The Finish Line in a research note on Monday, June 26th. Jefferies Group LLC set a $13.00 price objective on shares of The Finish Line and gave the company a “buy” rating in a research note on Tuesday, August 29th. Finally, Monness Crespi & Hardt downgraded shares of The Finish Line from a “buy” rating to a “neutral” rating in a research note on Monday, August 21st. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the stock. The Finish Line currently has a consensus rating of “Hold” and an average target price of $11.55.
Shares of The Finish Line (FINL) opened at 9.56 on Monday. The company’s 50-day moving average is $11.03 and its 200 day moving average is $13.72. The firm’s market capitalization is $383.80 million. The Finish Line has a 52 week low of $6.90 and a 52 week high of $24.50. The Finish Line also was the recipient of some unusual options trading activity on Monday. Traders bought 12,555 put options on the company. This represents an increase of 1,002% compared to the typical daily volume of 1,139 put options.
The Finish Line (NASDAQ:FINL) last posted its quarterly earnings data on Friday, June 23rd. The specialty retailer reported $0.23 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.23. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%. The firm had revenue of $429.80 million for the quarter, compared to the consensus estimate of $433.97 million. During the same period in the prior year, the firm posted $0.23 EPS. The firm’s revenue was up .0% compared to the same quarter last year. Analysts anticipate that The Finish Line will post $0.57 EPS for the current fiscal year.
In related news, COO Melissa A. Greenwell sold 7,525 shares of the stock in a transaction dated Saturday, July 15th. The shares were sold at an average price of $22.71, for a total value of $170,892.75. Following the sale, the chief operating officer now owns 11,862 shares of the company’s stock, valued at approximately $269,386.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Melissa A. Greenwell sold 4,077 shares of the stock in a transaction dated 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 sale, the chief operating officer now directly owns 11,862 shares in the company, valued at approximately $257,049.54. The disclosure for this sale can be found here. 6.00% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio grew its position in The 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 buying an additional 1,504 shares in the last quarter. Koch Industries Inc. bought a new position in The Finish Line in the 2nd quarter valued at about $242,000. State Street Corp grew its position in The Finish Line by 6.5% in the 2nd quarter. State Street Corp now owns 1,470,739 shares of the specialty retailer’s stock valued at $20,840,000 after buying an additional 90,370 shares in the last quarter. Gotham Asset Management LLC bought a new position in The Finish Line in the 2nd quarter valued at about $452,000. Finally, QS Investors LLC grew its position in The Finish Line by 0.5% in the 2nd quarter. QS Investors LLC now owns 225,029 shares of the specialty retailer’s stock valued at $3,189,000 after buying an additional 1,212 shares in the last quarter. Hedge funds and other institutional investors own 99.94% of the company’s stock.
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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