Finish Line Inc (NASDAQ:FINL) had its price objective dropped by analysts at Citigroup Inc to $14.00 in a report issued on Monday. Citigroup Inc’s target price would suggest a potential upside of 8.28% from the company’s current price.
Several other analysts also recently issued reports on the company. Wedbush dropped their price target on Finish Line from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Monday. FBR & Co dropped their price target on Finish Line from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday. Jefferies Group LLC set a $19.00 price target on Finish Line and gave the company a “buy” rating in a research note on Saturday. B. Riley reissued a “neutral” rating and issued a $20.00 price target on shares of Finish Line in a research note on Wednesday. Finally, Canaccord Genuity reissued a “hold” rating and issued a $18.00 price target on shares of Finish Line in a research note on Tuesday, March 21st. Twenty investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Finish Line presently has an average rating of “Hold” and an average price target of $19.91.
Shares of Finish Line (NASDAQ:FINL) opened at 12.93 on Monday. Finish Line has a 52 week low of $12.63 and a 52 week high of $24.52. The company’s 50-day moving average price is $16.74 and its 200 day moving average price is $20.03. The company’s market cap is $527.41 million.
Finish Line (NASDAQ:FINL) last released its quarterly earnings results on Friday, March 24th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by $0.20. Finish Line had a negative net margin of 0.25% and a positive return on equity of 11.57%. The firm earned $557.50 million during the quarter, compared to analyst estimates of $544.88 million. During the same period in the prior year, the business earned $0.83 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities analysts forecast that Finish Line will post $1.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 13th. Stockholders of record on Friday, February 24th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Wednesday, February 22nd. This is a boost from Finish Line’s previous quarterly dividend of $0.10. Finish Line’s payout ratio is currently -285.71%.
In other news, Director Glenn S. Lyon sold 75,000 shares of the business’s stock in a transaction that occurred on Thursday, December 29th. The stock was sold at an average price of $18.89, for a total transaction of $1,416,750.00. Following the completion of the sale, the director now owns 117,088 shares in the company, valued at $2,211,792.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 4.00% of the company’s stock.
Several large investors have recently modified their holdings of FINL. Norges Bank purchased a new stake in shares of Finish Line during the fourth quarter worth about $17,540,000. Numeric Investors LLC boosted its stake in shares of Finish Line by 121.6% in the fourth quarter. Numeric Investors LLC now owns 1,185,710 shares of the company’s stock worth $22,303,000 after buying an additional 650,700 shares in the last quarter. Tudor Investment Corp Et Al boosted its stake in shares of Finish Line by 0.7% in the fourth quarter. Tudor Investment Corp Et Al now owns 31,383 shares of the company’s stock worth $590,000 after buying an additional 228 shares in the last quarter. First Republic Investment Management Inc. boosted its stake in shares of Finish Line by 21.0% in the fourth quarter. First Republic Investment Management Inc. now owns 14,150 shares of the company’s stock worth $266,000 after buying an additional 2,460 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Finish Line by 161.3% in the fourth quarter. Franklin Resources Inc. now owns 986,138 shares of the company’s stock worth $18,549,000 after buying an additional 608,698 shares in the last quarter.
Finish Line Company Profile
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.