Finish Line (FINL) Upgraded at Zacks Investment Research

Finish Line (NASDAQ:FINL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, November 20th.

According to Zacks, “The Finish Line, Inc. together with its wholly owned subsidiary Spike’s Holding, Inc. is one of the largest mall based specialty retailers of brand name athletic, outdoor and casual footwear, activewear and accessories in the United States. 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. Brand names offered by them include Nike, adidas, Reebok, And 1, K-Swiss, New Balance, Asics, Fila and Skechers. “

A number of other research analysts have also recently commented on FINL. B. Riley restated a “neutral” rating on shares of Finish Line in a research note on Wednesday, November 1st. BidaskClub upgraded Finish Line from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Canaccord Genuity raised their target price on Finish Line from $8.00 to $9.00 and gave the company a “hold” rating in a research note on Monday, September 25th. UBS lowered Finish Line from a “positive” rating to a “neutral” rating in a research report on Monday, October 2nd. Finally, Jefferies Group set a $13.00 price objective on Finish Line and gave the company a “buy” rating in a research report on Tuesday, August 29th. Seven research analysts have rated the stock with a sell rating, sixteen have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $10.70.

Finish Line (NASDAQ:FINL) traded down $0.10 during midday trading on Monday, reaching $10.81. The company’s stock had a trading volume of 705,395 shares, compared to its average volume of 1,798,737. Finish Line has a 1-year low of $6.90 and a 1-year high of $24.50. The stock has a market cap of $434.50, a PE ratio of 18.13, a P/E/G ratio of 2.05 and a beta of 1.39.

Finish Line (NASDAQ:FINL) last released its quarterly earnings data on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. Finish Line had a positive return on equity of 5.44% and a negative net margin of 2.13%. The business had revenue of $469.40 million during the quarter, compared to analysts’ expectations of $478.25 million. During the same quarter last year, the business posted $0.53 EPS. The business’s revenue was down 3.3% on a year-over-year basis. equities analysts expect that Finish Line will post 0.52 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of FINL. SG Americas Securities LLC bought a new stake in shares of Finish Line in the second quarter worth $102,000. State of Alaska Department of Revenue lifted its position in Finish Line by 77.0% during the second quarter. State of Alaska Department of Revenue now owns 7,964 shares of the specialty retailer’s stock valued at $112,000 after purchasing an additional 3,464 shares in the last quarter. FNY Managed Accounts LLC lifted its position in Finish Line by 5,100.0% during the third quarter. FNY Managed Accounts LLC now owns 10,000 shares of the specialty retailer’s stock valued at $120,000 after purchasing an additional 10,200 shares in the last quarter. Fernwood Investment Management LLC purchased a new position in Finish Line during the third quarter valued at $120,000. Finally, Eqis Capital Management Inc. purchased a new position in Finish Line during the third quarter valued at $124,000. 99.96% of the stock is owned by institutional investors.

WARNING: This story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The original version of this story can be accessed at https://ledgergazette.com/2017/12/07/the-finish-line-inc-finl-upgraded-by-zacks-investment-research-to-hold.html.

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.

Get a free copy of the Zacks research report on Finish Line (FINL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Finish Line (NASDAQ:FINL)

Receive News & Ratings for Finish Line Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finish Line Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply