Trading Report: The Susquehanna Begins Coverage on The Finish Line Inc. (FINL)

The Susquehanna Begins Coverage on The Finish Line Inc. (FINL)

Susquehanna started coverage on shares of The Finish Line Inc. (NASDAQ:FINL) in a research report sent to investors on Tuesday morning. The brokerage issued a neutral rating and a $23.00 price objective on the stock.

A number of other brokerages have also issued reports on FINL. Zacks Investment Research upgraded shares of The Finish Line from a hold rating to a buy rating and set a $27.00 target price on the stock in a research report on Wednesday, August 31st. Citigroup Inc. restated a buy rating and set a $24.00 target price on shares of The Finish Line in a research report on Tuesday, August 23rd. Canaccord Genuity restated a buy rating and set a $25.00 target price on shares of The Finish Line in a research report on Wednesday, September 21st. Piper Jaffray Cos. set a $18.00 target price on shares of The Finish Line and gave the stock a hold rating in a research report on Wednesday, September 21st. Finally, B. Riley raised their target price on shares of The Finish Line from $22.00 to $26.00 and gave the stock a buy rating in a research report on Wednesday, September 21st. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $22.75.

Shares of The Finish Line (NASDAQ:FINL) opened at 21.71 on Tuesday. The stock’s 50 day moving average is $23.14 and its 200-day moving average is $20.88. The stock has a market cap of $880.60 million, a price-to-earnings ratio of 68.70 and a beta of 0.99. The Finish Line has a 12-month low of $15.37 and a 12-month high of $24.52.

The Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, September 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. The business had revenue of $509.40 million for the quarter. The Finish Line had a net margin of 0.72% and a return on equity of 8.83%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $0.57 earnings per share. Equities analysts anticipate that The Finish Line will post $1.54 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Friday, November 25th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.84%. The Finish Line’s payout ratio is 108.11%.

In related news, Director Stephen Goldsmith sold 4,000 shares of the business’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $21.73, for a total value of $86,920.00. Following the completion of the transaction, the director now owns 36,651 shares of the company’s stock, valued at approximately $796,426.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Norman H. Gurwitz sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $22.41, for a total transaction of $67,230.00. Following the completion of the transaction, the director now directly owns 5,518 shares of the company’s stock, valued at approximately $123,658.38. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in FINL. Teacher Retirement System of Texas increased its position in shares of The Finish Line by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,256 shares of the company’s stock valued at $126,000 after buying an additional 760 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of The Finish Line by 95.6% in the second quarter. Meeder Asset Management Inc. now owns 7,015 shares of the company’s stock valued at $142,000 after buying an additional 3,429 shares during the last quarter. Invictus RG purchased a new position in shares of The Finish Line during the first quarter valued at $163,000. Mason Street Advisors LLC purchased a new position in shares of The Finish Line during the second quarter valued at $167,000. Finally, Societe Generale purchased a new position in shares of The Finish Line during the second quarter valued at $184,000.

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