Finish Line Stock Rises on 2Q Earnings Beat

Andrew Cummings
September 22, 2017

(NASDAQ:FINL) released its quarterly earnings data on Friday. The current share price indicates that stock is -62.37% away from its one year high and is moving 33.62% ahead of its 52-week low. Canaccord Genuity reissued a hold rating and set a $14.00 price objective on shares of The Finish Line in a report on Friday, May 26th. Over the past five trading sessions it is -9.61%; -11.85% for the month; -27.57% for the last quarter; -42.59% for the past six-months; and -61.37% for the last 12 months. Barclays PLC reiterated an "equal weight" rating and issued a $15.00 target price (down previously from $18.00) on shares of The Finish Line in a report on Tuesday, August 29th.

The Stock had a 2.64 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 2.57 and 2.6 respectively. National Bank Of America De owns 0% invested in Finish Line Inc (NASDAQ:FINL) for 95,730 shares. The Finish Line has a 12 month low of $6.90 and a 12 month high of $24.50. The company's 50 day moving average is $11.03 and its 200-day moving average is $13.72. The total amount of shares outstanding is 39.04 million, giving the company a market capitalization of about 359.95 million. The Finish Line also was the target of unusually large options trading activity on Monday. The day's total volume of 10011425 this morning is in contrast from the three-month daily average of 2194.34K.


The Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, June 23rd. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. Company fiscal year is ending in September and analysts' consensus recommendation is Outperform for NUAN and estimated EPS for next quarter is $ 0.27. The business's revenue was up.0% on a year-over-year basis.

The retailer forecasted third-quarter Finish Line comparable sales to decrease between 3% and 5% and diluted loss per share in the range of 32 cents to 40 cents.


WARNING: This article was published by Week Herald and is the property of of Week Herald. If you are viewing this news story on another site, it was illegally copied and reposted in violation of US and global trademark and copyright legislation. The original version of this article can be read at https://weekherald.com/2017/09/21/the-finish-line-inc-finl-earns-underweight-rating-from-piper-jaffray-companies.html. Investors of record on Friday, August 25th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.67%. The Finish Line's dividend payout ratio is now -89.80%. Also, COO Melissa A. Greenwell sold 7,525 shares of the business's stock in a transaction that occurred on Saturday, July 15th. The transaction related to this sale was declared in a transaction filed with the SEC which is available at this link. Of those transactions, there were 260,817 shares of FINL bought and 150,229 shares sold. Following the completion of the sale, the chief operating officer now owns 11,862 shares in the company, valued at $257,049.54. Earnings surprises can have a huge impact on a company's stock price.

FINL has been the topic of several recent analyst reports. Numeric Investors LLC grew its holdings in shares of The Finish Line by 34.6% during the 2nd quarter. Mason Street Advisors has an ownership of 9,484 stocks of the specialty retailer's shares valued at $135,000 following purchasing an extra 620 stocks in the previous period. Great West Life Assurance Co. Robeco Institutional Asset Management B.V. lifted its holdings in The Finish Line by 1,730.8% during the 2nd quarter. 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. Koch Industries Inc. purchased a new position in shares of The Finish Line during the 2nd quarter worth $242,000. Metropolitan Life Insurance Co New York owns 29,411 shares. Institutional investors and hedge funds own 99.94% of the company's stock. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Finish Line, Inc. with MarketBeat.com's FREE daily email newsletter.


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