Finish Line Board and Management Adopt Poison Pill to Save Their Jobs

Brittany E. JonesFinish

Brittany E. JonesFinish

With all other things going on, The Finish Line, Inc. Finish Line carries a selection of men's, women's and kids' athletic shoes (footwear), as well as an assortment of apparel and accessories (softgoods).

Earnings are propelling some serious moves this morning, including in Finish Line Inc (NASDAQ:FINL) and Catalent Inc (NYSE:CTLT).

On May 22 the company was set at "Buy" by Monness Crespi Hardt a boost from the previous "Buy" rating.

Jana Partners Llc holds 10.81% of its portfolio in HD Supply Holdings Inc for 14.50 million shares.

On August 21 the stock rating was downgraded from "Neutral" to "Sell" in a report issued by UBS.

Ratings analysis reveals 24% of Finish Line's analysts are positive. FBR Capital maintained it with "Outperform" rating and $22.0 target in Friday, January 8 report. Alliancebernstein Lp has 0% invested in Finish Line Inc (NASDAQ:FINL). The company's market cap is $418.32 million. The Finish Line has a 1-year low of $6.90 and a 1-year high of $24.52. The company has a 50 day moving average of $13.13 and a 200-day moving average of $14.66.

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The Finish Line (NASDAQ:FINL) last released its earnings results on Friday, June 23rd.

Finish Line gave Wall Street a disastrous warning Monday night ahead of its second-quarter report (due out September 22) that forced a halt in trading. Oddly, management could not peg per-share earnings, which will be between $0.08 and $0.12, a wide spread. The firm's revenue for the quarter was up.0% on a year-over-year basis.

Adjusted earnings per share are now expected to be in the range of $0.50 to $0.60 for the 53-week fiscal year ending March 3, 2018, versus the previous guidance range of $1.12 to $1.23, and compared with adjusted earnings per share of $1.06 for the fiscal year ended February 25, 2017, which was a 52-week year. Finish Line's stock is down 28.6%. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. & worldwide trademark and copyright legislation. The legal version of this story can be accessed at https://stocknewstimes.com/2017/08/29/the-finish-line-inc-finl-downgraded-to-sell-at-zacks-investment-research.html. Barclays Capital maintained Finish Line Inc (NASDAQ:FINL) rating on Monday, September 28. This dividend amount will represent a yeild of $4.12. Last session The Finish Line, Inc.

Shares of The Finish Line (NASDAQ FINL) traded down 20.54% during trading on Tuesday, hitting $8.28. The shares were sold at an average price of $21.67, for a total value of $88,348.59. Also, COO Melissa A. Greenwell sold 7,525 shares of the stock in a transaction dated Saturday, July 15th. Can now owns 55,798 shares of the specialty retailer's stock valued at $794,000 after buying an additional 2,405 shares during the period. Following the completion of the transaction, the chief operating officer now owns 11,862 shares in the company, valued at approximately $269,386.02. The disclosure for this sale can be found here. Insiders own 6.00% of the company's stock.

Finish Line has started to look like Macy's, without as many store closings. Numeric Investors LLC increased its stake in shares of The Finish Line by 34.6% in the second quarter. The stock increased 2.54% or $0.01 on August 25, reaching $0.4. Public Employees Retirement System of OH raised its stake in The Finish Line by 7.4% in the first quarter. Prudential Financial Inc now owns 447,190 shares worth $6,337,000. Institutional investors and hedge funds own 99.94% of the company's stock.

The Finish Line, Inc is a specialty retailer. The Firm operates through the Finish Line brand.

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