Trade Report: Today, The Finish Line’s (FINL) “Equal Weight” Rating Reiterated at Morgan Stanley

Today, The Finish Line’s (FINL) “Equal Weight” Rating Reiterated at Morgan Stanley

Morgan Stanley reiterated their equal weight rating on shares of The Finish Line Inc. (NASDAQ:FINL) in a report issued on Wednesday.

Several other equities research analysts have also recently weighed in on FINL. B. Riley restated a buy rating and set a $22.00 target price on shares of The Finish Line in a research note on Monday, June 27th. TheStreet upgraded The Finish Line from a hold rating to a buy rating in a research note on Monday, July 25th. BB&T Corp. restated a buy rating and set a $24.00 target price on shares of The Finish Line in a research note on Tuesday, June 28th. Jefferies Group restated a buy rating and set a $25.00 target price (up previously from $24.00) on shares of The Finish Line in a research note on Monday, June 27th. Finally, Canaccord Genuity restated a buy rating and set a $25.00 target price on shares of The Finish Line in a research note on Monday, June 27th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $22.75.

Shares of The Finish Line (NASDAQ:FINL) opened at 21.35 on Wednesday. The company has a 50-day moving average of $23.03 and a 200-day moving average of $20.87. The firm has a market cap of $866.00 million, a PE ratio of 67.56 and a beta of 0.99. The Finish Line has a 1-year low of $15.37 and a 1-year high of $24.52.

The Finish Line (NASDAQ:FINL) last posted its earnings results on Friday, September 23rd. The company reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. The firm earned $509.40 million during the quarter. The Finish Line had a return on equity of 8.83% and a net margin of 0.72%. The Finish Line’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. Analysts predict that The Finish Line will post $1.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Friday, November 25th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.87%. The Finish Line’s dividend payout ratio (DPR) is 108.11%.

In other The Finish Line news, Director Norman H. Gurwitz sold 3,000 shares of the company’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $22.41, for a total value of $67,230.00. Following the sale, the director now owns 5,518 shares of the company’s stock, valued at $123,658.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen Goldsmith sold 4,000 shares of the company’s stock in a transaction on 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 sale, the director now directly owns 36,651 shares in the company, valued at approximately $796,426.23. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas raised its stake in 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 period. Meeder Asset Management Inc. raised its stake in 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 period. Invictus RG purchased a new stake in The Finish Line during the first quarter valued at $163,000. Mason Street Advisors LLC purchased a new stake in The Finish Line during the second quarter valued at $167,000. Finally, Societe Generale purchased a new stake in The Finish Line during the second quarter valued at $184,000.

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