Finish Line (NASDAQ:FINL) Raised to “Hold” at Cowen

Finish Line (NASDAQ:FINL) was upgraded by analysts at Cowen from an “underperform” rating to a “hold” rating in a research report issued on Thursday, December 21st. The firm presently has a $12.00 price objective on the specialty retailer’s stock. Cowen’s price target suggests a potential downside of 11.44% from the company’s current price.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Finish Line from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. Deutsche Bank cut shares of Finish Line from a “hold” rating to a “sell” rating and decreased their price target for the stock from $15.00 to $5.00 in a research report on Tuesday, August 29th. Susquehanna Bancshares raised shares of Finish Line from a “neutral” rating to a “positive” rating and upped their price target for the stock from $9.00 to $12.00 in a research report on Wednesday, September 13th. Buckingham Research upped their price target on shares of Finish Line from $5.00 to $7.00 and gave the stock an “underperform” rating in a research report on Monday, November 20th. Finally, Morgan Stanley decreased their price target on shares of Finish Line from $13.50 to $10.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 13th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have issued a buy rating to the company. Finish Line currently has a consensus rating of “Hold” and an average target price of $11.29.

Shares of Finish Line (FINL) opened at $13.55 on Thursday. Finish Line has a 12 month low of $6.90 and a 12 month high of $18.30. The stock has a market cap of $544.63, a price-to-earnings ratio of 52.12, a PEG ratio of 2.00 and a beta of 1.37.

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

A number of large investors have recently bought and sold shares of the business. ING Groep NV purchased a new position in Finish Line in the 3rd quarter valued at about $23,459,000. Thompson Siegel & Walmsley LLC boosted its position in Finish Line by 8.2% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,917,439 shares of the specialty retailer’s stock valued at $27,170,000 after buying an additional 146,110 shares during the last quarter. Numeric Investors LLC boosted its position in Finish Line by 34.6% in the 2nd quarter. Numeric Investors LLC now owns 1,845,310 shares of the specialty retailer’s stock valued at $26,148,000 after buying an additional 474,200 shares during the last quarter. State Street Corp boosted its position in 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 during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Finish Line by 29.5% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 632,191 shares of the specialty retailer’s stock valued at $7,606,000 after buying an additional 144,124 shares during the last quarter. 99.96% of the stock is owned by institutional investors.

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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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