Finish Line (FINL) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research downgraded shares of Finish Line (NASDAQ:FINL) from a buy rating to a hold rating in a research report released on Tuesday.

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. “

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A number of other equities analysts have also commented on FINL. ValuEngine upgraded shares of Finish Line from a hold rating to a buy rating in a report on Wednesday, March 7th. BidaskClub lowered shares of Finish Line from a buy rating to a hold rating in a report on Wednesday, January 10th. Credit Suisse Group began coverage on shares of Finish Line in a report on Monday, March 12th. They issued an underperform rating and a $9.00 price objective on the stock. Susquehanna Bancshares upgraded shares of Finish Line from a neutral rating to a positive rating and set a $14.00 price objective on the stock in a report on Monday, February 26th. Finally, Canaccord Genuity set a $9.00 price objective on shares of Finish Line and gave the stock a hold rating in a report on Wednesday, December 20th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the stock. Finish Line currently has a consensus rating of Hold and an average target price of $10.60.

Shares of Finish Line (NASDAQ:FINL) traded up $0.28 during mid-day trading on Tuesday, reaching $10.53. 1,800,597 shares of the company’s stock were exchanged, compared to its average volume of 1,221,164. Finish Line has a 52-week low of $6.90 and a 52-week high of $17.24. The firm has a market cap of $413.34, a price-to-earnings ratio of -37.61, a P/E/G ratio of 1.30 and a beta of 1.16.

Finish Line (NASDAQ:FINL) last issued its quarterly earnings data on Thursday, December 21st. The specialty retailer reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.10. Finish Line had a negative net margin of 0.62% and a positive return on equity of 5.43%. The firm had revenue of $378.50 million for the quarter, compared to analyst estimates of $361.46 million. During the same quarter in the previous year, the business posted ($0.24) EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. analysts forecast that Finish Line will post 0.65 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Friday, March 2nd will be paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Thursday, March 1st. This is a positive change from Finish Line’s previous quarterly dividend of $0.11. Finish Line’s dividend payout ratio is -164.28%.

Several institutional investors have recently modified their holdings of the company. Fernwood Investment Management LLC acquired a new stake in Finish Line during the third quarter worth about $120,000. FNY Managed Accounts LLC raised its stake 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 worth $120,000 after acquiring an additional 10,200 shares during the period. Public Employees Retirement System of Ohio raised its stake in Finish Line by 15.9% during the second quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock worth $155,000 after acquiring an additional 1,504 shares during the period. Virtu Financial LLC acquired a new stake in Finish Line during the fourth quarter worth about $167,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Finish Line during the third quarter worth about $176,000. Institutional investors and hedge funds own 88.88% of the company’s stock.

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Finish Line Company Profile

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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