Economy

Finish Line Inc (FINL) Given Average Recommendation of "Hold" by Brokerages

Finish Line Inc (FINL) Given Average Recommendation of

The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $428.06M. For the full year, analysts expect earnings to jump 17.95% yoy to $1.84. The specialty retailer reported $0.12 EPS for the quarter, topping the Zacks' consensus estimate of $0.11 by $0.01. The company had revenue of $469.40 million during the quarter, compared to analysts' expectations of $478.25 million. Finish Line had a negative net margin of 0.25% and a positive return on equity of 11.57%.

Looking forward, the company's quarterly earnings are expected to come at $0.54 in the three months through August 2017 and $0.74 in the quarter ending November 2017, reflecting 92.86% and 7.25% growth, respectively. Swiss Retail Bank holds 0% of its portfolio in Finish Line Inc (NASDAQ:FINL) for 69,500 shares. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & global trademark & copyright legislation. Analysts expect that The Finish Line will post $0.54 earnings per share for the current fiscal year. Canaccord Genuity set a $14.00 price objective on The Finish Line and gave the stock a hold rating in a report on Thursday, June 22nd.

Finish Line Inc. (NASDAQ:FINL) received a Buy rating from 0 analysts. BidaskClub downgraded The Finish Line from a "hold" rating to a "sell" rating in a research report on Thursday, August 17th. Baird lowered The Finish Line to a neutral rating and decreased their target price for the company from $15.00 to $8.00 in a research report on Tuesday, August 29th.

TRADEMARK VIOLATION WARNING: "Traders Buy High Volume of The Finish Line Call Options (FINL)" was published by StockNewsTimes and is the property of of StockNewsTimes. 1,026,865 shares of the company were exchanged.

While considering growth estimates of the company, it has next quarter growth estimates of 10% whereas during current quarter it has -50% estimations over growth, comparing to the estimations of -49.1% during current year and 11.1% for next year. Finish Line has $33 highest and $5.0 lowest target. The company has market cap of $241.11 million. Quantbot Technologies LP boosted its position in The Finish Line by 359.1% during the first quarter. Public Employees Retirement System of OH now owns 9,465 shares of the specialty retailer's stock worth $135,000 after purchasing an additional 650 shares during the period. Great West Life Assurance Co.

The stock of Finish Line Incorporated Class A (NASDAQ:FINL) registered an increase of 15.58% in short interest. First Trust Advisors LP boosted its holdings in The Finish Line by 87.1% in the first quarter. SG Americas Securities LLC bought a new stake in The Finish Line in the second quarter valued at $102,000. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer's stock worth $112,000 after purchasing an additional 3,464 shares during the period. Finally, State of Tennessee Treasury Department boosted its holdings in The Finish Line by 17.8% in the first quarter. Furthermore on 9/13/17 Morgan Stanley "Maintained" the stock to Equal-Weight at $10. Also, COO Melissa A. Greenwell sold 4,077 shares of the firm's stock in a transaction on Saturday, July 29th. The disposition, at a price of $8.62, resulted in David Higgins bringing total 7590 shares. Following the completion of the sale, the chief operating officer now directly owns 11,862 shares of the company's stock, valued at approximately $257,049.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

In other news, COO Melissa A. Greenwell sold 7,525 shares of Finish Line stock in a transaction on Saturday, July 15th. With 4.72M shares average volume, it will take short sellers 3 days to cover their FINL's short positions. The disclosure for this sale can be found here. Insiders own 6.00% of the company's stock.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 13th. Investors of record on Friday, August 25th were issued a $0.11 dividend. On Sep. 28, 2017 FINL saw a modest increase, closing the day at $11.25, or a increase of $0.41 or (3.64%). The ex-dividend date was Wednesday, August 23rd. It fall, as 36 investors sold Finish Line Inc shares while 50 reduced holdings. Their store generally carries a large selection of men's, women's and children's athletic and casual shoes, as well as a broad assortment of activewear and accessories.

Finish Line, which operated 573 mall-based stores and 374 stores inside Macy's stores as of April 2, generates more than 70 percent of its revenue from Nike footwear, the company said in its annual report. The short interest to Finish Line Incorporated Class A's float is 29.44%.



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