Finish Line (NASDAQ:FINL) Given a $9.00 Price Target by Canaccord Genuity Analysts

Canaccord Genuity set a $9.00 target price on Finish Line (NASDAQ:FINL) in a research report report published on Wednesday, December 20th. The firm currently has a hold rating on the specialty retailer’s stock.

Other analysts have also recently issued reports about the stock. Jefferies Group set a $13.00 target price on shares of Finish Line and gave the stock a buy rating in a research note on Tuesday, August 29th. Barclays reissued an equal weight rating and set a $15.00 price target (down from $18.00) on shares of Finish Line in a research report on Tuesday, August 29th. Morgan Stanley cut their target price on shares of Finish Line from $13.50 to $10.00 and set an equal weight rating for the company in a report on Wednesday, September 13th. Cowen reaffirmed a hold rating and set a $13.00 target price on shares of Finish Line in a report on Sunday, September 17th. Finally, Zacks Investment Research raised shares of Finish Line from a sell rating to a hold rating in a report on Thursday, September 21st. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $11.29.

Finish Line (NASDAQ FINL) traded down $0.09 during mid-day trading on Wednesday, reaching $13.55. 1,150,160 shares of the company traded hands, compared to its average volume of 1,970,000. The stock has a market cap of $544.63, a P/E ratio of 52.12, a PEG ratio of 2.00 and a beta of 1.37. Finish Line has a 52 week low of $6.90 and a 52 week high of $18.30.

Finish Line (NASDAQ:FINL) last released its quarterly earnings results on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $378.50 million for the quarter, compared to analysts’ expectations of $361.46 million. During the same period last year, the business earned ($0.24) EPS. The company’s revenue was up 1.8% compared to the same quarter last year. analysts expect that Finish Line will post 0.65 EPS for the current year.

Large investors have recently modified their holdings of the business. Teachers Advisors LLC increased its stake in shares of Finish Line by 4.1% during the first quarter. Teachers Advisors LLC now owns 73,151 shares of the specialty retailer’s stock worth $1,041,000 after buying an additional 2,850 shares during the period. Aperio Group LLC purchased a new stake in shares of Finish Line during the second quarter worth approximately $174,000. Municipal Employees Retirement System of Michigan increased its stake in shares of Finish Line by 9.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 20,390 shares of the specialty retailer’s stock worth $289,000 after buying an additional 1,800 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Finish Line by 6.3% during the second quarter. Great West Life Assurance Co. Can now owns 59,298 shares of the specialty retailer’s stock worth $839,000 after buying an additional 3,500 shares during the period. Finally, Texas Permanent School Fund increased its stake in shares of Finish Line by 0.3% during the second quarter. Texas Permanent School Fund now owns 29,462 shares of the specialty retailer’s stock worth $417,000 after buying an additional 96 shares during the period. Institutional investors own 99.96% 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.

Analyst Recommendations for Finish Line (NASDAQ:FINL)

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