The Finish Line Gets a Hold Rating from Canaccord Genuity

By Jason Carr

In a report released yesterday, Camilo Lyon from Canaccord Genuity reiterated a Hold rating on The Finish Line (NASDAQ: FINL), with a price target of $14. The company’s shares closed yesterday at $14.07, close to its 52-week low of $12.46.

According to TipRanks.com, Lyon is ranked 0 out of 5 stars with an average return of -4.7% and a 40.5% success rate. Lyon covers the Consumer Goods sector, focusing on stocks such as Columbia Sportswear, Sequential Brands, and Deckers Outdoor.

The Finish Line has an analyst consensus of Moderate Buy, with a price target consensus of $17.40.

Based on The Finish Line’s latest earnings report for the quarter ending February 28, the company posted quarterly revenue of $557 million and quarterly net profit of $23.88 million. In comparison, last year the company earned revenue of $580 million and had a net profit of $3.99 million.

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The Finish Line, Inc. is a premium retailer of athletic shoes, apparel and accessories for men, women and kids throughout the U.S. It operates through two retail divisions, one under the Finish Line brand name and other on Running Specialty Group. The Finish Line division is a retailer of athletic shoes, apparel, and accessories. The Running Specialty is a lifestyle retailer of precision-fitted running shoes, apparel, and accessories. Finish Line was founded by Alan H. Cohen, Larry J. Sablosky and David I. Klapper in 1976 and is headquartered in Indianapolis, IN.