Shares of Finish Line, Inc. (NASDAQ:FINL) have been assigned a consensus rating of “Hold” from the twenty-two analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $10.83.
A number of research firms recently commented on FINL. Canaccord Genuity set a $14.00 target price on Finish Line and gave the company a “hold” rating in a research note on Sunday, April 1st. Jefferies Group cut Finish Line from a “buy” rating to a “hold” rating in a research note on Friday, March 30th. Zacks Investment Research cut Finish Line from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. BidaskClub raised Finish Line from a “sell” rating to a “hold” rating in a research note on Tuesday, March 27th. Finally, Citigroup raised Finish Line from a “sell” rating to a “neutral” rating and increased their target price for the company from $10.00 to $13.50 in a research note on Tuesday, March 27th.
FINL opened at $13.52 on Friday. The firm has a market capitalization of $546.42, a P/E ratio of 19.93, a PEG ratio of 1.81 and a beta of 0.89. Finish Line has a 52 week low of $6.90 and a 52 week high of $16.38.
Finish Line (NASDAQ:FINL) last released its earnings results on Thursday, March 29th. The specialty retailer reported $0.59 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.01. The business had revenue of $561.30 million for the quarter, compared to analysts’ expectations of $575.43 million. Finish Line had a return on equity of 6.32% and a net margin of 0.78%. The firm’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. equities analysts forecast that Finish Line will post 0.7 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Friday, May 18th will be paid a dividend of $0.115 per share. The ex-dividend date is Thursday, May 17th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 3.40%. Finish Line’s dividend payout ratio (DPR) is currently 66.67%.
Several large investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC bought a new position in shares of Finish Line during the fourth quarter valued at about $292,000. Millennium Management LLC grew its stake in shares of Finish Line by 147.9% in the fourth quarter. Millennium Management LLC now owns 185,914 shares of the specialty retailer’s stock worth $2,701,000 after purchasing an additional 110,914 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Finish Line in the fourth quarter worth about $2,124,000. Paloma Partners Management Co bought a new stake in shares of Finish Line in the fourth quarter worth about $350,000. Finally, HBK Investments L P bought a new stake in shares of Finish Line in the fourth quarter worth about $1,081,000. 88.57% of the stock is currently owned by hedge funds and other institutional investors.
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Finish Line Company Profile
The Finish Line, Inc, together with its subsidiaries, operates as a retailer of athletic shoes, apparel, and accessories for men, women, and kids in the United States. The company offers athletic shoes, as well as an assortment of apparel and accessories of Nike, Brand Jordan, adidas, Under Armour, Puma, and other brands.
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