Finish Line (NASDAQ:FINL) was upgraded by investment analysts at Sterne Agee from an “underperform” rating to a “neutral” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
The analysts wrote, “After being on the wrong side of the trade this year and after a recent meeting with management, we believe that the athletic footwear space is big enough for both Finish Line and Foot Locker. We continue to believe that Foot Locker will gain share due to a more compelling overall product assortment. That said, improvement in FINL’s digital platform and the Macy’s initiative lead us to upgrade the stock to Neutral.”
Several other analysts have also recently commented on the stock. Analysts at B. Riley upgraded shares of Finish Line from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, November 14th. They now have a $32.00 price target on the stock, up previously from $26.00. Separately, analysts at Morgan Stanley initiated coverage on shares of Finish Line in a research note to investors on Wednesday, October 30th. They set an “equal weight” rating on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $23.77.
Finish Line (NASDAQ:FINL) opened at 26.30 on Monday. Finish Line has a one year low of $16.87 and a one year high of $27.00. The stock’s 50-day moving average is $24.91 and its 200-day moving average is $22.64. The company has a market cap of $1.292 billion and a P/E ratio of 19.55.
Finish Line (NASDAQ:FINL) last released its earnings data on Friday, September 27th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ 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 declared a quarterly dividend, which is scheduled for Monday, December 16th. Investors 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 1.06%. 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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