The Finish Line, Inc. (NASDAQ:FINL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.
According to Zacks, “The Finish Line, Inc. together with its wholly owned subsidiary Spike’s Holding, Inc. is one of the largest mall based specialty retailers of brand name athletic, outdoor and casual footwear, activewear and accessories in the United States. Their store generally carries a large selection of men’s, women’s and children’s athletic and casual shoes, as well as a broad assortment of activewear and accessories. Brand names offered by them include Nike, adidas, Reebok, And 1, K-Swiss, New Balance, Asics, Fila and Skechers. “
Several other equities analysts have also recently commented on FINL. B. Riley reaffirmed a “neutral” rating on shares of The Finish Line in a research note on Wednesday, November 1st. BidaskClub raised shares of The Finish Line from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Buckingham Research boosted their price objective on shares of The Finish Line from $5.00 to $7.00 and gave the company an “underperform” rating in a research note on Monday. Canaccord Genuity boosted their price objective on shares of The Finish Line from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Monday, September 25th. Finally, UBS AG cut shares of The Finish Line from a “positive” rating to a “neutral” rating in a research note on Monday, October 2nd. Seven research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.70.
The Finish Line (NASDAQ:FINL) traded up $0.34 during midday trading on Monday, hitting $10.08. 1,871,944 shares of the stock traded hands, compared to its average volume of 1,831,657. The Finish Line has a one year low of $6.90 and a one year high of $24.50. The company has a market capitalization of $401.14, a price-to-earnings ratio of 15.97, a P/E/G ratio of 1.81 and a beta of 1.33.
The Finish Line (NASDAQ:FINL) last posted its quarterly earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The company 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 quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. analysts forecast that The Finish Line will post 0.52 earnings per share for the current year.
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Institutional investors have recently made changes to their positions in the company. 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. raised its holdings in The Finish Line by 20.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 255,915 shares of the specialty retailer’s stock valued at $3,626,000 after buying an additional 42,881 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in The Finish Line by 19.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 488,067 shares of the specialty retailer’s stock valued at $6,916,000 after buying an additional 79,086 shares during the last quarter. Gotham Asset Management LLC bought a new stake in The Finish Line during the 2nd quarter valued at $452,000. Finally, Airain ltd raised its holdings in The Finish Line by 37.9% during the 2nd quarter. Airain ltd now owns 148,369 shares of the specialty retailer’s stock valued at $2,102,000 after buying an additional 40,791 shares during the last quarter. 99.94% of the stock is owned by institutional investors.
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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