Revenue Update on Finish Line Inc(NASDAQ:FINL)

Finish Line Inc(NASDAQ:FINL) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-market on Sep 23, 2016. Company reported revenue of $509.40M. Analysts estimated a revenue of $495.04M. Earnings per share were $0.53. Analysts had estimated an EPS of $0.53.

In a different note, On Sep 26, 2016, Buckingham Research said it Downgrades its rating on Finish Line Inc. The shares have been rated ‘Neutral’ by the firm. On Sep 21, 2016, B. Riley 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. On Sep 12, 2016, Deutsche Bank said it Downgrades its rating on Finish Line Inc. The shares have been rated ‘Hold’ by the firm. 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 0.62% or 0.14 points. Due to strong positive momentum, the stock ended at $22.75, which is also near the day’s high of $23.31. The stock began the session at $22.78 and the volume stood at 14,03,103 shares. The 52-week high of the shares is $24.52 and the 52 week low is $15.37. The company has a current market capitalization of $923 M and it has 4,05,62,251 shares in outstanding.

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 www.finishline.com as well as mobile commerce through m.finishline.com. 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 www.boulderrunningcompany.com as well as the informational site www.run.com.

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