Finish Line (NASDAQ:FINL) Stock Upgrade
Shares of Finish Line (NASDAQ:FINL) were upgraded by research analysts at Citigroup from a “Neutral” rating to a solid “Buy” rating via recent note sent to clients and investors on Thursday morning.
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 $18. The mean of all analyst targets is $24.25 with a 62.53% above today’s ($16.2) stock price. Finish Line was the topic of 16 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Piper Jaffray downgraded shares on December 9 to “Neutral” rating. UBS maintained shares with “Neutral” rating and $21 target share price in a report from a September 28. BB&T Capital initiated FINL stock in a recent report from December 4 with “Hold” rating. Piper Jaffray maintained the rating on September 28. Piper Jaffray has a “Overweight” rating and a $25 price target on shares. Finally, Goldman Sachs upgraded the stock to “Neutral” rating in a report issued on an October 2.
It is down 36.04% since May 14, 2015 and is downtrending. It has underperformed by 33.78% 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 insider purchases, 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 $726.06 million. The Firm operates two retail divisions, one under the Finish Line brand name and another under the Running Specialty Group . It has 9.08 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.”