Stock Seesawing Amidst Rampant Activity: The Finish Line, Inc. (NASDAQ:FINL)

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22 August, 2017

A total of 20 brokerages have issued a ratings update on Finish Line. State of Tennessee Treasury Department now owns 39,843 shares of the specialty retailer's stock worth $567,000 after buying an additional 6,013 shares in the last quarter. Mason Street Advisors LLC raised its position in The Finish Line by 7.0% in the first quarter. Utah Retirement owns 62,900 shares or 0.02% of their U.S. portfolio. Bank of America Corp DE raised its stake in shares of The Finish Line by 388.8% in the first quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the specialty retailer's stock valued at $235,000 after buying an additional 200 shares during the period. The original version of this article can be accessed at https://www.themarketsdaily.com/2017/08/22/the-finish-line-inc-finl-lowered-to-neutral-at-monness-crespi-hardt.html.

The stock increased 1.25% or $0.45 on August 18, reaching $36.55. Finish Line Cl A (NASDAQ:FINL)'s price sits -28.03% off from its 50-day moving average of $13.68 and -40.48% away from the stock's 200-day moving average which is $14.87. The company's market cap is $481.36 Million, and the average volume is 1.54 Million. Goldman Sachs Grp reported 0% in Finish Line Inc (NASDAQ:FINL).

Shares of The Finish Line (NASDAQ:FINL) opened at 9.89 on Monday.

Analysts' mean recommendation for The Finish Line, Inc. The Finish Line had a negative net margin of 1.05% and a positive return on equity of 8.97%.

The company's quick ratio for most recent quarter is 0.7 along with current ratio for most recent quarter of 2.3. During the same period in the previous year, the business earned $0.23 earnings per share. The company's revenue was up.0% compared to the same quarter a year ago. During the same period past year, the business posted $0.23 earnings per share. Additionally The Finish Line, Inc. recently announced a dividend payable on Monday the 11th of September 2017. Investors of record on Friday, August 25th will be paid a dividend of $0.11 per share. This dividend represents a yield of $4.00. The Finish Line's dividend payout ratio is now -89.80%.

A price target is the projected price level of a financial security stated by an investment analyst. The stock of Finish Line Inc (NASDAQ:FINL) has "Buy" rating given on Thursday, December 17 by Citigroup. They noted that the move was a valuation call.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.7 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Canaccord Genuity reissued a hold rating and issued a $14.00 price target on shares of The Finish Line in a research report on Friday, May 26th. Finally, Piper Jaffray Companies reissued a neutral rating on shares of The Finish Line in a research report on Wednesday, June 21st. Nine brokerages rating the company a strong buy, 4 brokerages rating the stock a buy, 11 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $22.02. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. The stock was sold at an average price of $22.71, for a total transaction of $170,892.75. Also, COO Melissa A. Greenwell sold 7,525 shares of the company's stock in a transaction dated Saturday, July 15th. It increased, as 35 investors sold Finish Line Inc shares while 49 reduced holdings.

The company is down from yesterday's close of $11.99. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Finish Line has a 52 week low of $10.49 and a 52 week high of $24.52 Finish Line's market capitalization is presently $0. Wells Fargo initiated the shares of FINL in report on Thursday, November 19 with "Market Perform" rating. The disclosure for this sale can be found here.

Relative strength index (RSI-14) for Finish Line Inc.

From another technical standpoint, The Finish Line, Inc. The United Kingdom-based Dynamic Capital Mgmt Ltd has invested 0.27% in Finish Line Inc (NASDAQ:FINL).


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