Zacks Investment Research downgraded shares of Finish Line (NASDAQ:FINL) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.
According to Zacks, “The Finish Line, Inc. is a premium retailer that carries the latest and greatest shoes, apparel and accessories. Headquartered in Indianapolis, Finish Line runs the branded locations in U.S. malls and shops inside Macy’s department stores. They deliver the Epic Finish by providing the most desirable sneakers, latest trends, and exclusives from the best brands. They deliver the Epic Finish by listening and responding to our customer at every touch point. they are endlessly focused on delivering what’s next to meet their evolving expectations. “
FINL has been the subject of several other reports. B. Riley reaffirmed a neutral rating and set a $10.00 target price on shares of Finish Line in a report on Friday, December 22nd. ValuEngine raised Finish Line from a hold rating to a buy rating in a report on Wednesday, March 7th. UBS Group upgraded Finish Line from a neutral rating to a positive rating in a research report on Monday, February 26th. Susquehanna Bancshares upgraded Finish Line from a neutral rating to a positive rating and set a $14.00 price objective for the company in a research report on Monday, February 26th. Finally, Cowen upgraded Finish Line from an underperform rating to a hold rating and set a $12.00 price objective for the company in a research report on Thursday, December 21st. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $10.60.
Finish Line (NASDAQ:FINL) last posted its earnings results on Thursday, December 21st. The specialty retailer reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.36) by $0.10. The company had revenue of $378.50 million during the quarter, compared to analyst estimates of $361.46 million. Finish Line had a positive return on equity of 5.43% and a negative net margin of 0.62%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.24) earnings per share. sell-side analysts predict that Finish Line will post 0.65 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Friday, March 2nd will be given a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 4.44%. This is an increase from Finish Line’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, March 1st. Finish Line’s dividend payout ratio is -164.28%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fernwood Investment Management LLC acquired a new stake in Finish Line in the third quarter worth approximately $120,000. FNY Managed Accounts LLC lifted its position in Finish Line by 5,100.0% in the third quarter. FNY Managed Accounts LLC now owns 10,000 shares of the specialty retailer’s stock worth $120,000 after purchasing an additional 10,200 shares during the period. Public Employees Retirement System of Ohio lifted its position in Finish Line by 15.9% in the second quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock worth $155,000 after purchasing an additional 1,504 shares during the period. Virtu Financial LLC acquired a new stake in Finish Line in the fourth quarter worth approximately $167,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Finish Line in the third quarter worth approximately $176,000. Hedge funds and other institutional investors own 88.88% of the company’s stock.
About Finish Line
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.
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