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Published: Sun, September 24, 2017
Economy | By Melissa Porter

Brokerage Firms Rate Finish Line PT at $10.76

Brokerage Firms Rate Finish Line PT at $10.76

The stock has declined 61 percent in the last 12 months. Can grew its stake in The Finish Line by 4.5% during the first quarter. The stock exchanged hands 2.09 Million shares versus average trading capacity of 710.82 Million shares. State Street Corp grew its stake in The Finish Line by 6.5% in the second quarter.

Average next regular session additional loss: 10.3%.

The results topped Wall Street expectations. Bank of America Corp DE grew its holdings in shares of The Finish Line by 388.8% during the 1st quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of The Finish Line during the 1st quarter worth $3,640,000. Insiders own 6.00% of the company's stock. The total amount of shares outstanding is 39.04 million, giving the company a market capitalization of about 359.95 million. Zooming out to the 200-day moving average, shares have been seen trading -35.87% away from that value. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence).

The athletic shoe and apparel retailer reported net income of $2.8 million, or 7 cents per share in the latest quarter, well below $22.1 million, or 53 cents per share in the year-earlier quarter.

Analysts are also projecting an Average Revenue Estimate for Finish Line Inc.as $470510 in the Current Quarter. During the same quarter in the prior year, the firm posted $0.53 EPS. Zacks Investment Research upgraded shares of The Finish Line from a sell rating to a hold rating in a report on Tuesday, June 13th. Shareholders of record on Friday, August 25th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. A rating of 4 or 5 would represent a Sell recommendation. Finish Line is "planning for a challenging retail environment in the near-term", he said.

FINL has been the topic of a number of analyst reports. FBR & Co reiterated a "buy" rating and set a $22.00 price objective on shares of The Finish Line in a research report on Tuesday, June 27th. Jefferies Group LLC reissued a "buy" rating and issued a $19.00 target price on shares of The Finish Line in a report on Friday, June 9th. The company has a consensus rating of Hold and an average price target of $11.55.

In other The Finish Line news, COO Melissa A. Greenwell sold 4,077 shares of The Finish Line stock in a transaction that occurred on Saturday, July 29th. The correct version of this piece can be viewed at https://baseballnewssource.com/markets/the-finish-line-inc-finl-given-hold-rating-at-cowen-and-company/1653080.html. Shares were disposed in a price range of $21.67, amounting to $88,348.59. after the closing of the transaction the chief operating officer has an ownership of 11,862 stocks in the company, assessed at roughly $257,049.54. corporate executives has an ownership of 6.00% of the firms stock.

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