Finish Line (FINL) Upgraded at Cowen

Finish Line (NASDAQ:FINL) was upgraded by research analysts at Cowen from an “underperform” rating to a “hold” rating in a report issued on Thursday. The firm presently has a $12.00 price objective on the specialty retailer’s stock. Cowen’s target price would suggest a potential downside of 11.37% from the company’s current price.

FINL has been the topic of several other reports. Susquehanna Bancshares restated a “neutral” rating and set a $12.00 price target on shares of Finish Line in a report on Friday, September 29th. Zacks Investment Research upgraded shares of Finish Line from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Canaccord Genuity restated a “hold” rating and set a $8.00 price target (down from $14.00) on shares of Finish Line in a report on Tuesday, August 29th. Wells Fargo & Co restated a “market perform” rating and set a $12.00 price target (up from $9.00) on shares of Finish Line in a report on Monday, September 25th. Finally, Barclays restated an “equal weight” rating and set a $15.00 price target (down from $18.00) on shares of Finish Line in a report on Tuesday, August 29th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued 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 target price of $11.00.

Shares of Finish Line (NASDAQ FINL) traded up $0.34 during midday trading on Thursday, hitting $13.54. 2,956,900 shares of the stock were exchanged, compared to its average volume of 1,819,832. Finish Line has a 52-week low of $6.90 and a 52-week high of $20.06. The firm has a market capitalization of $549.18, a PE ratio of -48.36, a P/E/G ratio of 1.93 and a beta of 1.39.

Finish Line (NASDAQ:FINL) last released its quarterly earnings results on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $378.50 million for the quarter, compared to analysts’ expectations of $361.46 million. During the same period in the previous year, the company earned ($0.24) earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. equities research analysts predict that Finish Line will post 0.67 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Texas Permanent School Fund boosted its position in Finish Line by 0.3% during the 2nd quarter. Texas Permanent School Fund now owns 29,462 shares of the specialty retailer’s stock valued at $417,000 after buying an additional 96 shares during the period. Tocqueville Asset Management L.P. boosted its position in Finish Line by 0.6% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 23,854 shares of the specialty retailer’s stock valued at $338,000 after buying an additional 154 shares during the period. QS Investors LLC boosted its position in Finish Line by 0.5% during the 2nd quarter. QS Investors LLC now owns 225,029 shares of the specialty retailer’s stock valued at $3,189,000 after buying an additional 1,212 shares during the period. Teachers Advisors LLC boosted its position in Finish Line by 1.8% during the 2nd quarter. Teachers Advisors LLC now owns 74,464 shares of the specialty retailer’s stock valued at $1,055,000 after buying an additional 1,313 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in Finish Line by 15.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock valued at $155,000 after buying an additional 1,504 shares during the period. 99.96% of the stock is owned by institutional investors and hedge funds.

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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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