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Published: Wed, August 30, 2017
Economy | By Melissa Porter

Finish Line Board and Management Adopt Poison Pill to Save Their Jobs

Finish Line Board and Management Adopt Poison Pill to Save Their Jobs

Susquehanna rates Finish Line shares neutral and cut its price target to $9 from $15. They noted that the move was a valuation call.

A total of 20 analysts have released a report on The Finish Line Inc.

On May 22 the company was set at "Buy" by Monness Crespi Hardt a boost from the previous "Buy" rating. Jefferies Group LLC set a $17.00 target price on The Finish Line and gave the stock a "buy" rating in a report on Sunday. The Firm operates through the Finish Line brand.

In other The Finish Line news, COO Melissa A. Greenwell sold 4,077 shares of the stock in a transaction on Saturday, July 29th. The stock's average target of $139.75 is -8.06% below today's ($152) share price. Following the sale, the chief operating officer now directly owns 11,862 shares in the company, valued at $269,386.02. The disclosure for this sale can be found here. Barclays Public Ltd has 0% invested in Finish Line Inc (NASDAQ:FINL) for 165,724 shares. Its book value per share for the most recent quarter is (www.finviz.com) while its price to book ratio for the same period is 0.93, as for as the company's cash per share for the most recent quarter is (www.finviz.com); however its price to cash per share ratio for the same period is 5.31. Public Employees Retirement System of OH now owns 9,465 shares of the specialty retailer's stock worth $135,000 after buying an additional 650 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of The Finish Line by 7.0% in the first quarter. For the quarter, shares have been noted at -42.67%. Quantbot Technologies LP increased its stake in The Finish Line by 359.1% in the first quarter. The value of the investment in FINL went from $468,000 to $8,541,000 increasing 1,725.0% quarter to quarter. Institutional investors own 99.94% of the company's stock. The company has market cap of $330.41 million. Shares of the company are trading at $8.40 which is quite a bit below $13.14, the stock's 50 day moving average and much lower than the 200 day moving average of $14.66. The dividend will be $0.110 per share for the quarter or $0.44 on an annualized basis. The Finish Line had a positive return on equity of 8.97% and a negative net margin of 1.05%. That compares to earnings of 53 cents in the 2016 second quarter and Wall Street's consensus estimate of 38 cents. Cornerstone Capital Hldg Limited Liability Corporation owns 222,400 shares for 0.03% of their portfolio. Equities research analysts anticipate that The Finish Line will post $1.10 earnings per share for the current fiscal year. The stock of Finish Line Inc (NASDAQ:FINL) has "Buy" rating given on Monday, August 31 by Zacks. (FINL) Ex-Dividend Date Scheduled for August 23, 2017" with publication date: "August 22, 2017. The dividend yield will be $4.12.

Digerati Technologies, Inc.is a diversified holding firm that has no independent activities apart from its subsidiaries. Looking out over the past year, company shares have been recorded -76.46% off the 52 week high and 10.41% away from the low over the same period.Covering sell-side analysts have recently weighed in on shares of Denbury Resources Inc.

The Finish Line (FINL) opened at 10.34 on Thursday.

The Finish Line's board on Monday adopted a shareholders rights plan as the retailer warned of a grim second quarter and a steep decline in sales and profits for the year. The Firm is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico.

"We believe it is prudent to adjust our outlook as we expect the environment to remain highly competitive and promotional throughout the remainder of the year", said Sam Sato, CEO, Finish Line, which runs approximately 950 branded locations in USA malls and shops inside Macy's department stores.

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