Finish Line Inc Shares Tank 15% Following Weak Earnings & Guidance

Posted March 26, 2017

After $-0.24 actual earnings per share reported by Finish Line Inc for the previous quarter, Wall Street now forecasts -395.83% EPS growth. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share. For the quarter ending Aug-17, 9 analysts have a mean sales target of 492.67 million whilst for the year ending Feb-17, 12 analysts have a mean target of 1,883.90 million. A month ago, they told us to expect earnings of US$0.26 per share while three months ago their EPS consensus estimate was US$0.29. Franklin Resources Inc. now owns 986,138 shares of the company's stock worth $18,549,000 after buying an additional 608,698 shares in the last quarter.

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors L P holds 3.44 million shares. This is a boost from Finish Line's previous quarterly dividend of $0.10. Finally, California Public Employees Retirement System increased its stake in shares of Finish Line by 3.3% in the third quarter. (FINL) stock price distance from twenty day simple moving average slumped at -7.02% while its distance from fifty day simple moving average declined -9.38% along with -23.89% below distance from two hundred simple moving averages. It has a 24.21 P/E ratio. (NASDAQ:FINL), with 2 analysts believing it is a strong buy.

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Now the P/E of Finish Line Inc. stands at 24.04. First Republic Investment Management Inc. raised its position in shares of Finish Line by 21.0% in the fourth quarter. FINL's current assets of $514 Million cover the company's total debt of $17 Million, indicating that the company is in a sound position to pay-down its debt when needed or favourable. The ex-dividend date was Wednesday, February 22nd. Looking at the stock's movement on the chart, The Finish Line, Inc. recorded a 52-week high of $24.35. During its last trading session, Stock traded with the total exchanged volume of 3.32 million shares. Finish Line's dividend payout ratio (DPR) is presently -285.71%. The rating was initiated by BBY on Friday, December 4 with "Hold". Brean Capital cut Finish Line from a buy rating to a hold rating in a research report on Monday, December 12th. Mizuho began coverage on Finish Line in a report on Thursday, December 15th. The stock has an average rating of "Hold" and a consensus target price of $21.32. Following the completion of the sale, the director now directly owns 117,088 shares in the company, valued at $2,211,792.32. The Firm operates through the Finish Line brand.

The Finish Line-Macy partnership continues to be a bright spot for the athletic retailer. At the same time, we are confident that the numerous operational improvements we made throughout the past year have created a more efficient company with a stronger foundation to support enhanced profitability and increased shareholder value over the long-term. Finally comes the ratings part in which the DISCA was evaluated with 5 analysts of WSJ going for Buy ratings in previous quarter, while at present 3 analysts gave Buy ratings from whole pool. Their store generally carries a large selection of mens, womens and childrens athletic and casual shoes, as well as a broad assortment of activewear and accessories.