Economy

The Finish Line, Inc

The Finish Line, Inc”

Canaccord Genuity reiterated a "hold" recommendation and fixed a $14.00 target price on stock of Finish Line in a note on Fri, May 26th. This represents an increase of 1,002% compared to the average daily volume of 1,139 put options.

The biggest institutional shareholders in The Finish Line, Inc. include Sports Direct International PLC which owns 8 million shares in the company valued at $111.88 million. Following the completion of the sale, the chief operating officer now owns 11,862 shares of the company's stock, valued at approximately $257,049.54. FINL stock has a history of making big post-earnings swings in either direction, and one options trader today is betting on a repeat performance - and paying a pretty penny to do so. The stock was sold at an average price of $22.71, for a total transaction of $170,892.75. The disclosure for this sale can be found here. ( FINL ) is due to issue its quarterly earnings report in the upcoming extended-hours session. (NASDAQ:FINL) by 55.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. Public Employees Retirement System of OH boosted its holdings in shares of The Finish Line by 7.4% during the first quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the specialty retailer's stock valued at $235,000 after acquiring an additional 200 shares during the period. The value of the company's investment in The Finish Line, Inc. went from $1,188,000 to $247,000 a change of 79.2% quarter over quarter. Company insiders own 6.00% of the company's stock. As of the end of the quarter Point72 Asset Management, L.p. had sold 209,300 shares trimming its stake by 81.8%. Specifically, it looks as if a spread strategist bought to open symmetrical 10,000-contract blocks of October 7 and 9 puts, while simultaneously selling to open 20,000 October 8 puts. The company's market capitalization is $378.58 million.

The Finish Line, Inc. has a one year low of $6.90 and a one year high of $24.50.

It is trading at $9.43 impressively lower than $11.03, the 50 day moving average and which is significantly lower than the 200 day moving average of $13.72.

The Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, June 23rd.

As of the last earnings report the EPS was $-0.49 and is projected to be $0.57 for the current year with 40,146,000 shares presently outstanding. The firm had revenue of $429.80 million for the quarter, compared to the consensus estimate of $433.97 million. During the same period in the previous year, the business earned $0.23 EPS. On average, analysts expect The Finish Line to post $0.57 EPS for the current fiscal year and $0.66 EPS for the next fiscal year. Investors of record on Friday, August 25th were given a dividend of $0.11 per share.

In terms of earnings per share, 15 analysts have a -0.35 EPS mean target for the quarter ending Nov-17, for the quarter ending Feb-17, 13 analysts have a 0.71 EPS mean target and for the quarter ending Feb-17 there are 12 estimates of 1.24 EPS. The ex-dividend date was set for Wednesday the 23rd of August 2017. The Finish Line's dividend payout ratio is -89.80%.

Several equities research analysts have weighed in on the company. BidaskClub upgraded The Finish Line from a "strong sell" rating to a "sell" rating in a report on Friday, August 4th. Jefferies Group LLC reiterated a buy rating and set a $19.00 target price on shares of The Finish Line in a report on Friday, June 9th. On August 29 the company was downgraded from "Outperform" to "Neutral" in a report from FBR Capital.

On September 18 the company was downgraded from " to "Underweight" in a report issued by PiperJaffray. On August 21 the stock rating was downgraded to "Sell" from "Neutral" by UBS. The Finish Line has a consensus rating of "Hold" and an average target price of $11.55.

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At the moment 17 analysts are watching The Finish Line, Inc. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico.



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