Finish Line Inc (FINL) is Downgraded by Buckingham Research to Neutral

Finish Line Inc (FINL) was Downgraded by Buckingham Research to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. Buckingham Research advised their investors in a research report released on Sep 26, 2016.

Many Wall Street Analysts have commented on Finish Line Inc. Deutsche Bank Downgraded Finish Line Inc on Sep 12, 2016 to ” Hold”, Price Target of the shares are set at $24.Company shares were Reiterated by Deutsche Bank on Jul 15, 2016 to “Buy”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .

On the company’s financial health, Finish Line Inc reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Mar 24, 2016. Analyst had a consensus of $0.80. The company had revenue of $580.30 million for the quarter, compared to analysts expectations of $567.87 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS.

Finish Line Inc opened for trading at $24.11 and hit $24.251 on the upside on Thursday, eventually ending the session at $23.99, with a gain of 0.50% or 0.12 points. The heightened volatility saw the trading volume jump to 28,57,808 shares. Company has a market cap of $994 M.

In a different news, on Aug 3, 2016, Stephen Goldsmith (director) sold 4,000 shares at $21.73 per share price. According to the SEC, on Jul 18, 2016, Norman H Gurwitz (director) sold 2,500 shares at $22.10 per share price. On Jul 6, 2016, Catherine A Langham (director) sold 18,000 shares at $20.30 per share price, according to the Form-4 filing with the securities and exchange commission.

Finish Line Inc. is a specialty retailer. The Company operates two retail divisions one under the Finish Line brand name and another under the Running Specialty Group (Running Specialty). Finish Line is a retailer of athletic shoes apparel and accessories. As of April 3 2015 the Company operated 634 Finish Line stores which average 5463 square feet in 45 states in the United States and Puerto Rico. In addition the Company operates an e-commerce site www.finishline.com as well as mobile commerce through m.finishline.com. Its Running Specialty is an active lifestyle retailer of running shoes apparel and accessories. As of April 3 2015 the Company operated 76 Running Specialty stores which average 3630 square feet in 17 states in the United States and the District of Columbia. In addition Running Specialty operates the e-commerce site www.boulderrunningcompany.com as well as the informational site www.run.com.

Finish Line Inc

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