FBR & Co set a $10.00 target price on The Finish Line, Inc. (NASDAQ:FINL) in a research note released on Tuesday morning. The brokerage currently has a hold rating on the specialty retailer’s stock.

Several other research analysts have also recently weighed in on the company. Susquehanna Bancshares Inc cut The Finish Line from a positive rating to a neutral rating in a research report on Monday, October 2nd. UBS AG cut The Finish Line from a positive rating to a neutral rating in a research report on Monday, October 2nd. Wells Fargo & Company lowered their price objective on The Finish Line from $12.00 to $9.00 and set a market perform rating on the stock in a research report on Sunday, October 1st. Canaccord Genuity increased their price objective on The Finish Line from $8.00 to $9.00 and gave the stock a hold rating in a research report on Monday, September 25th. Finally, Zacks Investment Research upgraded The Finish Line from a sell rating to a hold rating in a research report on Thursday, September 21st. Six analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $10.90.

The Finish Line (NASDAQ:FINL) last announced its quarterly earnings results on Friday, September 22nd. The specialty retailer reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. The Finish Line had a positive return on equity of 5.44% and a negative net margin of 2.13%. The business had revenue of $469.40 million during the quarter, compared to the consensus estimate of $478.25 million. During the same quarter last year, the firm posted $0.53 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis.

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In other The Finish Line news, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction dated Saturday, July 29th. The stock was sold at an average price of $21.67, for a total value of $88,348.59. Following the transaction, the chief operating officer now owns 11,862 shares in the company, valued at $257,049.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Eqis Capital Management Inc. acquired a new stake in shares of The Finish Line during the third quarter valued at about $124,000. Public Employees Retirement System of Ohio boosted its stake in shares of The Finish Line by 15.9% during the second quarter. Public Employees Retirement System of Ohio now owns 10,969 shares of the specialty retailer’s stock valued at $155,000 after purchasing an additional 1,504 shares in the last quarter. Koch Industries Inc. acquired a new stake in shares of The Finish Line during the second quarter valued at about $242,000. State Street Corp boosted its stake in shares of The Finish Line by 6.5% during the second quarter. State Street Corp now owns 1,470,739 shares of the specialty retailer’s stock valued at $20,840,000 after purchasing an additional 90,370 shares in the last quarter. Finally, Gotham Asset Management LLC acquired a new stake in shares of The Finish Line during the second quarter valued at about $452,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

The Finish Line Company Profile

The Finish Line, Inc is a specialty retailer. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. The Company operates through the Finish Line brand. Finish Line is a retailer of athletic shoes, apparel and accessories.

Analyst Recommendations for The Finish Line (NASDAQ:FINL)

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