Morgan Stanley began coverage on shares of Finish Line (NASDAQ:FINL) in a report issued on Wednesday, Analyst Ratings News reports. The firm issued an equal weight rating on the stock.
Morgan Stanley has also taken action a number of other consumer discretionary stocks recently. The firm initiated coverage on shares of Foot Locker Inc. They issued an equal weight rating on that stock. Also, Morgan Stanley lowered its price target on shares of Group 1 Automotive Inc. from $64.00 to $61.00. They have an underweight rating on that stock. Finally, Morgan Stanley raised its price target on shares of Asbury Automotive Group Inc. from $39.00 to $42.00. They have an underweight rating on that stock.
In other Finish Line news, President Sato M. Samuel sold 23,256 shares of the stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $25.18, for a total transaction of $585,586.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse raised their price target on shares of Finish Line from $20.00 to $25.00 in a research note to investors on Thursday, October 24th. They now have a buy rating on the stock. Separately, analysts at Canaccord Genuity upgraded shares of Finish Line from a hold rating to a buy rating in a research note to investors on Wednesday, October 23rd. They now have a $28.00 price target on the stock, up previously from $23.00. Finally, analysts at UBS AG initiated coverage on shares of Finish Line in a research note to investors on Friday, October 18th. They set a neutral rating and a $25.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $22.80.
Shares of Finish Line (NASDAQ:FINL) traded up 0.64% during mid-day trading on Wednesday, hitting $25.20. 537,112 shares of the company’s stock traded hands. Finish Line has a 52 week low of $16.87 and a 52 week high of $23.88. The stock’s 50-day moving average is $23.91 and its 200-day moving average is $21.91. The company has a market cap of $1.238 billion and a price-to-earnings ratio of 18.97.
Finish Line (NASDAQ:FINL) last announced its earnings results on Friday, September 27th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.09. The company had revenue of $436.00 million for the quarter, compared to the consensus estimate of $426.39 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts expect that Finish Line will post $1.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Tuesday, November 26th.
The Finish Line, Inc, together with its subsidiaries, is a mall-based specialty retailers in the United States, and operates two retail divisions under the Finish Line brand name (NASDAQ:FINL) and Running Specialty Group (Running Specialty).
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