Further, analysts have a 12 month target price of $23.86 on company shares. They noted that the move was a valuation call. Piper Jaffray Companies set a $13.00 price objective on The Finish Line and gave the stock a "hold" rating in a research note on Saturday, June 24th. Jefferies Group LLC reissued a "buy" rating and set a $17.00 price target on shares of The Finish Line in a research report on Friday, June 23rd. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.90, which implies that analysts are generally neutral in their outlook for FINL over the next year. First Republic Invest Mngmt has 0% invested in Finish Line Inc (NASDAQ:FINL). The stock of Finish Line Inc (NASDAQ:FINL) earned "Hold" rating by Canaccord Genuity on Thursday, December 22. Each Right initially entitles the registered holder to purchase from the Company one ten-thousandth of a share of a newly-created series of the Company's preferred stock at a price of $26.00 per Right in the event the Rights become exercisable, subject to adjustment.
Shares of The Finish Line (NASDAQ FINL) traded down 20.54% during trading on Tuesday, hitting $8.28. The company has market cap of $418.33 million. The Finish Line, Inc. recently announced a dividend that will be paid on Monday the 11th of September 2017. The business had revenue of $429.80 million for the quarter, compared to analyst estimates of $433.97 million.
On the flip side, Catalent Inc (NYSE:CTLT), the drug delivery tech firm, saw its shares surge over 13% to $40 after revealing that its fourth quarter revenue increased 16% against the same quarter past year. The company's quarterly revenue was up.0% compared to the same quarter previous year.
The company also lowered its full-year guidance to between 50 and 60 cents a share, which was considerably lower than the $1.12 to $1.23 per share it previously forecast.
Weather system could turn tropical off Carolinas coast
There may be heavy winds as the storm's center moves by, along with three to six inches of rain in the upper coastal areas of SC . An onshore flow from the northeast will be persistent for a couple of days as the tropical system moves away from Florida.
WARNING: This news story was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another domain, it was illegally stolen and republished in violation of global copyright & trademark legislation. The shares were sold at an average price of $21.67, for a total value of $88,348.59. Also, COO Melissa A. Greenwell sold 7,525 shares of the company's stock in a transaction on Saturday, July 15th. It dived, as 35 investors sold Finish Line Inc shares while 49 reduced holdings. Following the transaction, the chief operating officer now owns 11,862 shares in the company, valued at $269,386.02. The disclosure for this sale can be found here.
Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of The Finish Line by 388.8% in the first quarter. LSV Asset Management now owns 2,044,159 shares of the specialty retailer's stock valued at $29,088,000 after buying an additional 195,891 shares during the period. Public Employees Retirement System of OH now owns 9,465 shares of the specialty retailer's stock valued at $135,000 after buying an additional 650 shares during the last quarter.
Checking on current price levels compared to prior highs and lows, we have seen that The Finish Line, Inc. Mason Street Advisors LLC now owns 9,484 shares of the specialty retailer's stock worth $135,000 after buying an additional 620 shares during the period. New York State Common Retirement Fund invested in 46,000 shares or 0% of the stock.
Sporting goods retailers, including Finish Line, have been struggling amid sluggish spending at brick-and-mortar stores sparking concerns of a price war and waning demand for basketball shoes and sneakers. The Company is a retailer of athletic shoes, apparel and accessories for men, women and kids, throughout the United States and Puerto Rico. Finish Line earned $1.06 on an adjusted basis in 2016. Finish Line's stock is down 28.6%.