The Finish Line Inc (NASDAQ:FINL) Receives a Downgrade
In an analyst note issued to clients earlier today, Piper Jaffray cut shares of The Finish Line Inc (NASDAQ:FINL) to a “Neutral” rating from their previous “Overweight” rating. The firm currently has a $18.00 target price per share on shares. The target price per share from Piper Jaffray may suggest a possible upside of 10.97% from the current price of the stock.
From a total of 18 analysts covering Finish Line (NASDAQ:FINL) stock, 9 rate it a ”Buy”, 1 a “Sell”, and 12 a ”Hold”. This means that 41% of the ratings are positive. The highest target price is $33 while the lowest target price is $19. The mean of all analyst targets is $24.64 with a 61.43% above today’s ($16.31) stock price. Finish Line was the topic of 15 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. BBY initiated shares on December 4 with “Hold” rating. UBS maintained shares with “Neutral” rating and $21 target share price in a report from a September 28. Wells Fargo initiated FINL stock in a recent report from November 19 with “Market Perform” rating. Piper Jaffray maintained the rating on September 28. Piper Jaffray has a “Overweight” rating and a $25 price target on shares. Finally, B. Riley & Co maintained the stock with “Buy” rating in a report issued on a September 28.
Approximately 710,549 shares of stock traded hands. Finish Line Inc (NASDAQ:FINL) has declined 35.32% since May 6, 2015 and is downtrending. It has underperformed by 34.53% the S&P500.
Analysts await Finish Line Inc (NASDAQ:FINL) to reports earnings on December, 18. They expect $-0.03 EPS, down 50.00% or $0.01 from last year’s $-0.02 per share. After $0.57 actual EPS reported by Finish Line Inc for the previous quarter, Wall Street now forecasts -105.26% negative EPS growth.
The overall sentiment of institutions has increased to 1 in Q2 2015. Its up 0.16, from 0.84 in 2015Q2. The ratio increased, as 42 institutions have sold all the shares of Finish Line Inc that they owned while 65 funds have taken shares off the table. 35 funds have purchased shares for the first time while 72 added to their positions. These institutions now hold 55.97 million shares or 21.02% more than the 46.25 million shares they owned in 2015Q2.
The Fund Bodri Capital Management Llc currently is holding shares equating to 2.4% of its total portfolio in Finish Line Inc representing a total of 125,000 shares. Another fund,J. Goldman & Co Lp, is holding a total of 1.19 million shares equating to 2.05% of their holdings. Additionally, Euclidean Technologies Management Llc has a 97,699 share stake in Finish Line Inc which represents 1.97% of their total portfolio. The Fund, Tyvor Capital Llc, based out of Illinois, has also built up a stake in the stock, which represents a total of 1.69% of their total portfolio. Finally Netols Asset Management Inc., a fund which is based in the state of Wisconsin reported a total holdings of 308,050 shares.
Insider activity is a very important aspect to track on any stock. Going back to April 6, 2015, shareholders of Finish Line Inc have witnessed 0 buys, and a total of 4 selling transactions equating to a net activity of approximately $905,606 . Samuel Sato M sold 5,565 shares worth approximately $105,095. Goldsmith Stephen sold 8,000 shares worth approximately $220,000. Lyon Glenn S sold 15,000 shares worth approximately $427,500.
Finish Line, Inc. is a specialty retailer. The company has a market cap of $737.75 million. The Firm operates two retail divisions, one under the Finish Line brand name and another under the Running Specialty Group . It has 9.15 P/E ratio. Finish Line is a retailer of athletic shoes, apparel, and accessories.
According to Zacks Investment Research, “The Finish Line, Inc. together with its wholly owned subsidiary Spike’s Holding, Inc. is one of the largest mall based specialty retailers of brand name athletic, outdoor and casual footwear, activewear and accessories in the United States. Their store generally carries a large selection of men’s, women’s and children’s athletic and casual shoes, as well as a broad assortment of activewear and accessories. Brand names offered by them include Nike, adidas, Reebok, And 1, K-Swiss, New Balance, Asics, Fila and Skechers.” Get a free copy of the Zacks research report on Finish Line Inc (FINL).