The 12-month consensus target price for the stock is $29, which reflects an upside potential of 39.02% over the current price. The shares were sold at an average price of $28.30, for a total transaction of $152,989.80. Although shares trade at a forward P/E of under 12, analysts EPS estimates will decline and Finish Line’s forward P/E will rise because of management’s lower guidance. The firm’s 50-day moving average price is $26.45 and its 200 day moving average price is $26.09. On the bases of shares, Finish Line earned just over 57 cents a share, which was higher that same time past year of 54 cents due to lower share count. Deutsche Bank reiterated a “buy” rating and issued a $26.38 target price on shares of Finish Line in a research note on Monday, June 22nd.
Advertisement
Finish Line’s results come after athletic-gear company Nike, one of Finish Line’s main suppliers, said Thursday that profit in its latest quarter surged 23% on 5% revenue growth, owed in part to strength in China. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company.
Finish Line shares spiraled lower by 13% on Friday as investors voiced concern about slowing momentum in a business that was seen turning around earlier in the year.
Finish Line (NASDAQ:FINL) traded down -15.79% on 25 September, hitting $20.86. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. While shares are low-cost as we head into the company’s Q2 report slated for 9/25 (trading at 5.4x EV/EBITDA), our $0.52 EPS estimate is below the Street’s $0.57. The top line sluggishness stemmed from a modest 1.5% same-store sales increase on declining sales of men’s footwear. Analysts had expected $1.19 a share on revenue of $8.22 billion. The ex-dividend date of this dividend was Wednesday, August 26th.
Expenses were up by 5.1% to end the quarter at $117.5 million.
Advertisement
Finish Line’s offerings include Nike, Under Armour (NYSE:UA) and Skechers (NYSE:SKX). The Business operates two retail divisions, one under the Finish Line brand name and another below the Running Specialty Group (NASDAQ:FINL). Finish Line is a retailer of athletic shoes, apparel, and accessories. Its Running Specialty is an active lifestyle retailer of running attire, shoes, and accessories. As of April 3, 2015, the Company operated 76 Running Specialty stores, which average 3,630 square feet, in 17 states in the United States and the District of Columbia.
