Finish Line's Dismal Earnings, Guidance Follow Nike's Retail Warning

Finish Line's Dismal Earnings, Guidance Follow Nike's Retail Warning

Finish Line's Dismal Earnings, Guidance Follow Nike's Retail Warning

Mizuho restated a buy rating and issued a $23.00 price target (down previously from $29.00) on shares of Finish Line in a research report on Wednesday, December 21st. Zacks Investment Research raised Finish Line from a "sell" rating to a "hold" rating in a research report on Thursday, March 9th.

According to Yahoo Finance, the price target for the company which analysts are aiming is 26. The company's Finish Line division engages in the in-store and online retail of athletic shoes for Macy's Retail Holdings, Inc.; Macy's Puerto Rico, Inc.; and, Inc., as well as online at Analysts expected the firm to predict a comparable-sales gain of 2.1 percent and EPS of $1.44. Finish Line now has a consensus rating of Hold and an average target price of $21.05.

Yesterday Finish Line (NASDAQ:FINL) traded 0.88% higher at $16.65.

If we look at stock performance in last active day trading, we see that stock has moved tanked -1.61% to end the day at $5.50.

Companies with small market capitalization such as The Finish Line Inc (NASDAQ:FINL), while they can deliver high growth, financial strength is the deciding element in their long-term existence. Also Finish Line's sales with Macy's increased by 35%. A month ago, analyst EPS consensus estimated earnings of US$0.71 per share. (FINL) on Friday reported a fiscal fourth-quarter loss of $9.5 million, after reporting a profit in the same period a year earlier. (NASDAQ:FINL) dropped to -3.64% from $23.89 to $23.02.

1 dead on Vegas Strip shooting, gunman barricaded on bus
Police do not believe there are additional suspects and the matter is not being treated as an active shooter situation. AP reports a hospital spokeswoman says one person has died in the shooting along the Las Vegas Strip.

Local support superior to government programs
The goal, she said, is to continue with the services to meet the needs of the growing number of seniors who needs it. Each route, on average, can have between eight and 20 stops.

Eddie Lacy signs with Seahawks even as weight questions linger
But Lynch retired after the 2015 campaign, and the Seahawks ranked 25 among the NFL's 32 teams in rushing offense last season. Prosise return next season, but the Seahawks demonstrated an interest in adding an established back prior to Lacy's signing.

For the year, consolidated net sales were $1.84 billion, an increase of 2.5% over the prior year. After $0.12 actual earnings per share reported by Varonis Systems Inc for the previous quarter, Wall Street now forecasts -441.67% negative EPS growth.

However, Finish Line issued full-year EPS guidance of between $1.12 and $1.23, below consensus estimates of $1.46 per share.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 13th. Shareholders of record on Friday, February 24th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.86%. Glenmede Tru Na holds 0% in Finish Line Inc (NASDAQ:FINL) or 19,443 shares. The ex-dividend date of this dividend was Wednesday, February 22nd. Finish Line's dividend payout ratio is now -285.71%. The shares were sold at an average price of $18.89, for a total value of $1,416,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. While the actual EPS the company reported in the same quarter previous year was 0.83/share. The insider now directly owns 192,088 shares worth $3,084,933. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 15.71% with $39.77 Million sitting short, betting on future declines. Algert Global LLC bought a new stake in Finish Line during the third quarter valued at about $680,000. California Pub Employees Retirement Systems invested in 208,359 shares. Company's distance from 20 day simple moving average is -2.55% and distance from 50-Day simple moving average is -5.32%.

U.S. based company, The Finish Line, Inc.

Finish Line director and CEO Sam Sato said significant pressure on product margins were responsible for the firm's weak Q4 bottom line, while a decision by the Internal Revenue Service to delay income tax returns hurt comps.

Related news