The Finish Line, Inc. (NASDAQ:FINL).
On September 26 the company was downgraded from “Buy” to “Neutral” in a report issued by Buckingham Research. September 21 investment analysts at B. Riley kept the company rating at “Buy” but moved up the price target from $24.00 to $26.00.
On September 12 the stock rating was downgraded to “Hold” from “Buy” in an announcement from Deutsche Bank. On July 15 Deutsche Bank kept the stock rating at “Buy” but lowered the price expectation to $23.00 from $25.00.
On March 28 the stock rating was upgraded to “Buy” from “Hold” by analysts at BB&T Capital.
The company is now up since yesterday’s close of $22.61. Additionally The Finish Line, Inc. declared a dividend for shareholders that was paid on Mon Sep 12, 2016. The dividend payment was $0.100 per share for the quarter or $0.40 on an annualized basis. The dividend yield was $1.76. The ex-dividend date was set for Wednesday the 24th of August 2016.
It is trading at $22.94 marginally under $23.36, the stock’s 50 day moving average and a tad higher than the 200 day moving average of $20.59. The 50 day moving average went down by -1.65% and the 200 day average went up by +11.54%.
The company currently has a P/E ratio of 72.69 and the market cap of the company is 931.71M. As of the latest earnings report the EPS was $0.32 and is projected to be $1.54 for the current year with 40,562,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.95 and the next full year EPS is anticipated to be $1.76.
Traders are a little more bullish on shares of The Finish Line, Inc. lately if you look at the downtick in short interest. The firm saw a fall in short interest of -0.00% as of the latest report on September 15, 2016. Short interest fell from 5,717,944 to 5,704,068 over that period. Days to cover decreased from 7.1 to 6.4 and the percentage of shorted shares was 0.14% on September 15.