Finish Line Inc (FINL) is Downgraded by Susquehanna to Neutral

Finish Line Inc (FINL) was Downgraded by Susquehanna to ” Neutral”. Earlier the firm had a rating of “Positive ” on the company shares. Susquehanna advised their investors in a research report released on Nov 21, 2016.

Many Wall Street Analysts have commented on Finish Line Inc. Finish Line Inc was Downgraded by Susquehanna to ” Neutral” on Nov 21, 2016. Finish Line Inc was Upgraded by Susquehanna to ” Positive” on Nov 3, 2016. Wedbush Initiated Finish Line Inc on Nov 2, 2016 to “Outperform”, Price Target of the shares are set at $25.

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 closed down -0.15 points or -0.63% at $23.67 with 12,18,204 shares getting traded on Monday. Post opening the session at $23.47, the shares hit an intraday low of $23.21 and an intraday high of $24.02 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Investors should note that on Oct 13, 2016, Finish Line Inc announced a cash dividend of $0.1000. The company’s management has announced Nov 22, 2016 as the ex-dividend date and fixed the record date on Nov 25, 2016. The payable date has been fixed on Dec 12, 2016.

In a different news, on Oct 6, 2016, Norman H Gurwitz (director) sold 3,000 shares at $22.41 per share price. According to the SEC, on Sep 30, 2016, Glenn S Lyon (Executive Chairman) sold 38,523 shares at $23.19 per share price. On Aug 3, 2016, Stephen Goldsmith (director) sold 4,000 shares at $21.73 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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