Bank of America restated their neutral rating on shares of Finish Line (NASDAQ:FINL) in a research note issued to investors on Tuesday. Bank of America currently has a $15.00 target price on the specialty retailer’s stock.
Several other analysts have also commented on the company. ValuEngine raised Finish Line from a hold rating to a buy rating in a report on Tuesday, March 27th. Buckingham Research raised Finish Line from an underperform rating to a neutral rating and dropped their target price for the stock from $10.00 to $7.00 in a report on Wednesday, February 21st. They noted that the move was a valuation call. UBS Group raised Finish Line from a neutral rating to a positive rating in a report on Monday, February 26th. Zacks Investment Research raised Finish Line from a hold rating to a buy rating and set a $15.00 target price on the stock in a report on Tuesday, March 27th. Finally, Credit Suisse Group started coverage on Finish Line in a report on Monday, March 12th. They set an underperform rating and a $9.00 target price on the stock. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has issued a buy rating to the company’s stock. Finish Line has a consensus rating of Hold and an average target price of $11.42.
Finish Line opened at $13.51 on Tuesday, MarketBeat.com reports. The stock has a market cap of $544.80 million, a P/E ratio of 19.58, a P/E/G ratio of 1.71 and a beta of 0.87. Finish Line has a 52 week low of $6.90 and a 52 week high of $15.06.
Finish Line (NASDAQ:FINL) last posted its earnings results on Thursday, March 29th. The specialty retailer reported $0.59 EPS for the quarter, topping the consensus estimate of $0.58 by $0.01. The firm had revenue of $561.30 million for the quarter, compared to analyst estimates of $575.43 million. Finish Line had a return on equity of 6.32% and a net margin of 0.78%. Finish Line’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. analysts predict that Finish Line will post 0.73 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Friday, May 18th were given a dividend of $0.115 per share. The ex-dividend date was Thursday, May 17th. This represents a $0.46 dividend on an annualized basis and a yield of 3.40%. Finish Line’s payout ratio is 66.67%.
A number of institutional investors have recently made changes to their positions in FINL. Millennium Management LLC lifted its position in Finish Line by 573.0% during the first quarter. Millennium Management LLC now owns 1,251,109 shares of the specialty retailer’s stock worth $16,940,000 after buying an additional 1,065,195 shares in the last quarter. Water Island Capital LLC purchased a new position in Finish Line during the first quarter worth approximately $6,659,000. Koch Industries Inc. purchased a new position in Finish Line during the first quarter worth approximately $4,513,000. Maverick Capital Ltd. purchased a new position in Finish Line during the fourth quarter worth approximately $4,108,000. Finally, Landscape Capital Management L.L.C. purchased a new position in Finish Line during the first quarter worth approximately $3,596,000. Hedge funds and other institutional investors own 88.62% of the company’s stock.
About Finish Line
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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