Deutsche Bank Downgrades Finish Line Inc to Hold

Brokerage firm Deutsche Bank Downgrades its rating on Finish Line Inc(NASDAQ:FINL). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Deutsche Bank was issued on Sep 12, 2016.

In a different note, On Jul 15, 2016, Deutsche Bank said it Maintains its rating on Finish Line Inc. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Buy’ by the firm.

Finish Line Inc (FINL) made into the market gainers list on Tuesdays trading session with the shares advancing 1.55% or 0.36 points. Due to strong positive momentum, the stock ended at $23.57, which is also near the day’s high of $23.66. The stock began the session at $23.38 and the volume stood at 10,06,338 shares. The 52-week high of the shares is $25.92 and the 52 week low is $15.37. The company has a current market capitalization of $977 M and it has 4,14,46,279 shares in outstanding.

Finish Line Inc(FINL) last announced its earnings results on Jun 24, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $453.51M. Analysts had an estimated revenue of $451.40M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.22.

Several Insider Transactions has been reported to the SEC. On Aug 3, 2016, Stephen Goldsmith (director) sold 4,000 shares at $21.73 per share price.Also, On Jul 18, 2016, Norman H Gurwitz (director) sold 2,500 shares at $22.10 per share price.On Jul 6, 2016, Catherine A Langham (director) sold 18,000 shares at $20.30 per share price, according to the Form-4 filing with the securities and exchange commission.

Finish Line Inc. is a specialty retailer. The Company operates two retail divisions one under the Finish Line brand name and another under the Running Specialty Group (Running Specialty). Finish Line is a retailer of athletic shoes apparel and accessories. As of April 3 2015 the Company operated 634 Finish Line stores which average 5463 square feet in 45 states in the United States and Puerto Rico. In addition the Company operates an e-commerce site as well as mobile commerce through Its Running Specialty is an active lifestyle retailer of running shoes apparel and accessories. As of April 3 2015 the Company operated 76 Running Specialty stores which average 3630 square feet in 17 states in the United States and the District of Columbia. In addition Running Specialty operates the e-commerce site as well as the informational site

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