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.

ILLEGAL ACTIVITY WARNING: This news story was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & global copyright legislation.

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.



Like this

loading...
loading...

Latest


22 September 2017
Condom ad featuring actress Sunny Leone under fire in India
However, it didn't go down well with majority of the people and protests erupted over it in Surat. The move followed strong protests led by Confederation of All India Traders (CAIT).

22 September 2017
Terreno Realty Corporation (NYSE:TRNO) Holdings Trimmed by Davis Selected Advisers
The real estate investment trust posted $0.08 EPS for the period, falling below Zacks' average forecast of $1.62 by ($1.54). Moreover, Victory Cap Management Incorporated has 0% invested in SL Green Realty Corp (NYSE:SLG) for 2,362 shares.

22 September 2017
Syrian Activist, Journalist Daughter Slain in Istanbul
Two Syrian journalists from the city of Raqqa who were opposed to ISIL were found beheaded in southern Turkey in 2015. According to Syrian opposition activists' pages on social media, Arouba was a member of the Syrian National Council.

22 September 2017
Lineman dies while restoring power to South Florida
Today, we're remembering a worker killed while helping to restore power after Hurricane Irma ripped through Florida. Chelsea Reid, his widow, said, "I got a call from the detective and he just kind of told me he had an accident".

22 September 2017
Rupee hits 4-month low against United States dollars , drops 31 paise
The US Dow Jones Industrial Average ended 0.24 per cent lower 21 September. The Fed has already raised rates twice this year. The rupee has gained 6 percent so far this year.

22 September 2017
Skyworks Solutions, Inc. (SWKS) Earns Buy Rating from Analysts at Instinet
The price earnings ratio (P/E) ratio helps investors analyze how much they should pay for a stock based on its current earnings. The stock of Skyworks Solutions Inc (NASDAQ: SWKS ) has "Neutral" rating given on Thursday, January 12 by Goldman Sachs.

22 September 2017
Raashi Khanna watches Jr NTR's Jai Lava Kusa with fans
Jr NTR was seen wearing prosthetic make-up for the role of Jai, who calls himself Raavan and he speaks with a stutter. With positive reports all over, the film is likely to have a strong first weekend at the overseas box office.

22 September 2017
Las Vegas cancer patient blocked by the President on Twitter
The disease, while painful, is usually curable with a combination of chemotherapy, radiation, and immunotherapy. Republicans have tried in vain to repeal and replace Obamacare for much of the past eight months to no avail.

22 September 2017
Chinese Foreign Minister Warns Against N. Korea at UN
Chinese banks have come under scrutiny for their role as a conduit for funds flowing to and from China's increasingly isolated neighbour.

22 September 2017
Emery Denies Neymar and Cavani Fallout
PSG take on Montpellier on Saturday and the Ligue 1 attacking pair will be looking to extend the club's three-point lead at the top.