The Finish Line, Inc. (FINL) Earns "Underweight" Rating from Piper Jaffray Companies

Joanna Estrada
Сентября 22, 2017

Finish Line shares have dropped 51 percent since the beginning of the year. (NASDAQ:FINL) in a report released on Sunday morning. Currently, the stock has a 1 Year Price Target of $9.82. In other words, traders are betting on FINL breaching $8 over the next several weeks.

Shares of The Finish Line, Inc. Piper Jaffray Companies set a $13.00 price target on The Finish Line and gave the company a hold rating in a research note on Saturday, June 24th. 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. Jefferies Group LLC reiterated a "buy" rating and issued a $19.00 target price on shares of The Finish Line in a report on Friday, June 9th. FBR & Co reiterated a "buy" rating and issued a $22.00 target price on shares of The Finish Line in a report on Tuesday, June 27th. The analyst recommendations from a month ago are 2 Buy, 0 Overweight, 1 Sell, 2 Hold and 0 Underweight. Current price places the company's stock -38.38% away from its 200-day simple moving average, 2.68%, away from the 50-day average and also 4.87% away from 20-day average. The Finish Line, Inc. has a one year low of $6.90 and a one year high of $24.50. The firm's 50-day moving average price is $11.03 and its 200-day moving average price is $13.72. It has a market cap of $857.84 Million. After having $0.23 EPS previously, Finish Line Inc's analysts see -52.17 % EPS growth. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. This represents an increase of 1,002% compared to the average daily volume of 1,139 put options.

While most of the results were no surprise - the specialty athletic retailer last month pre-announced a negative second quarter - investors sent the firm's down almost 9 percent in premarket trading. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.23. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. The company's revenue was down 3.3% compared to the same quarter previous year. The firm's revenue for the quarter was up.0% on a year-over-year basis.

FINL shares haven't performed well in the recent past, as the stock plummeted almost 60 percent over the past year.

WARNING: This article was published by Week Herald and is the property of of Week Herald. If you are reading this piece on another publication, it was stolen and republished in violation of USA & global trademark & copyright laws. Goldman Sachs upgraded Finish Line Inc (NASDAQ:FINL) on Friday, October 2 to "Neutral" rating. Shareholders of record on Friday, August 25th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.44 annualized dividend and a yield of 4.77%. The Finish Line's dividend payout ratio is -89.80%.

In associated news, COO Melissa A. Greenwell unloaded 7,525 stocks of the shares in a trade on Saturday, Jul 15th. $17.30's average target is 83.46% above currents $9.43 stock price. Following the completion of the transaction, the chief operating officer now directly owns 11,862 shares of the company's stock, valued at $269,386.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The shares were sold at an average price of $21.67, for a total value of $88,348.59. Following the completion of the transaction, the chief operating officer now directly owns 11,862 shares of the company's stock, valued at $257,049.54. The disclosure for this sale can be found here. Public Employees Retirement System of OH has an ownership of 9,465 stocks of the specialty retailer's shares valued at $135,000 following purchasing an extra 650 stocks in the previous period. Louisiana State Employees Retirement System raised its position in shares of The Finish Line by 1.2% in the 1st quarter.

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