Finish Line (NASDAQ:FINL) Upgraded to Hold at Cowen


Finish Line (NASDAQ:FINL) Upgraded to Hold at Cowen

The firm now has a $12.00 price target on the specialty retailer's stock.

Several research analysts have commented on FINL shares.

Canaccord Genuity set a $9.00 target price on Finish Line (NASDAQ:FINL) in a research report report published on Wednesday, December 20th. Finish Line is a retailer of athletic shoes, apparel and accessories. $15.82's average target is 16.32% above currents $13.6 stock price. BidaskClub cut Finish Line from a "buy" rating to a "hold" rating in a report on Wednesday. Zacks Investment Research upgraded Finish Line from a hold rating to a buy rating and set a $16.00 price objective for the company in a research note on Thursday, December 28th. The stock of The Finish Line, Inc. In an analyst note revealed to investors on 26 October, Piper Jaffray reconfirmed their "Sell" rating on shares of FINL. Finally, Cowen upgraded Finish Line from an underperform rating to a hold rating and set a $12.00 price target for the company in a research note on Thursday, December 21st.

Finish Line (FINL) opened at $13.55 on Wednesday. The company had a trading volume of 1,150,100 shares, compared to its average volume of 1,740,422. The company has market cap of $538.35 million. Finish Line has $33 highest and $5.0 lowest target. (FINL) has demonstrated a 20-day simple moving average (SMA) of 3.29%, and a 50-day SMA of 19.64%.

Finish Line (NASDAQ:FINL) last announced its quarterly earnings results on Thursday, December 21st. The specialty retailer reported ($0.26) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.36) by $0.10. Finish Line had a positive return on equity of 5.43% and a negative net margin of 0.62%. During the same period in the previous year, the firm posted ($0.49) earnings per share. The company had revenue of $378.50 million during the quarter, compared to analysts' expectations of $361.46 million. During the same quarter in the prior year, the firm posted ($0.24) EPS. (FINL) has 0 billion shares outstanding now, 100.94% of which belong to institutional investors. This represents a $0.44 annualized dividend and a yield of 2.58%. Rhumbline Advisers reported 0% in The Finish Line, Inc. Bank of America downgraded The Finish Line, Inc.

In related news, Director Glenn S. Lyon sold 75,000 shares of the business's stock in a transaction dated Thursday, December 29th. The stock was sold at an average price of $18.89, for a total value of $1,416,750.00.

A publicly-traded company's most recent 13F filings give us important details about the organization's institutional ownership. Ameriprise Financial Inc. boosted its stake in Finish Line by 20.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 488,067 shares of the specialty retailer's stock worth $6,916,000 after purchasing an additional 79,086 shares during the period. Finish Line earned a news impact score of 0.21 on Accern's scale. Ameriprise Financial Inc. now owns 255,915 shares of the specialty retailer's stock valued at $3,626,000 after buying an additional 42,881 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Finish Line by 19.3% in the second quarter. Public Employees Retirement System of OH now owns 9,145 shares of the company's stock valued at $185,000 after buying an additional 1,246 shares during the period. Finish Line's revenue was up 1.8% on a year-over-year basis.

Meanwhile, during the same quarter The Finish Line, Inc. The Company operates two retail divisions: the Finish Line and JackRabbit brands. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico.