Analysts Upgrade: Finish Line Inc. (FINL)

Finish Line Inc (NASDAQ:FINL) received a stock rating upgrade from BB&T Capital Markets on Mar-28-16. In a note to investors, the firm issued a Buy rating and also issued the target price on the stock of $24. The analysts previously had a Hold rating on the stock.

The 52-week price range is $ 15.20 – 28.63 and the company has a market capitalization of $ 948.86M. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 11 has assigned a hold rating, zero says it’s a buy, and 8 have assigned a strong buy rating to the company.

Finish Line Inc (FINL) on March 24, 2016 reported results for the fourth quarter and fiscal year 2016, representing the thirteen and fifty-two weeks ended February 27, 2016.

For the thirteen weeks ended February 27, 2016:

• Consolidated net sales were $580.3 million, an increase of 5.2% over the prior year period.


• Finish Line comparable store sales increased 4.6%.


• On a GAAP basis, diluted earnings per share were $0.09.


• Non-GAAP diluted earnings per share, which primarily excludes the impact from the write-off of technology assets and store impairment charges, were $0.83.

For the fifty-two weeks ended February 27, 2016:

• Consolidated net sales were a record $1.89 billion, an increase of 3.8% over the prior year.


• Finish Line comparable store sales increased 1.8%.


• On a GAAP basis, diluted earnings per share were $0.48.


• Non-GAAP diluted earnings per share, which primarily excludes the impact from the write-off of technology assets and store impairment charges, were $1.21.

“We worked diligently to improve digital fulfillment rates and flow new inventory to our stores during the fourth quarter which helped us achieve a mid-single digit comparable sales increase and adjusted earnings per share at the high-end of our guidance range,” said Sam Sato, Chief Executive Officer of Finish Line. “In addition to achieving optimal performance from our supply chain, our top priorities are continuing to bolster our vendor relationships and fortifying the foundational strengths of the company through new leadership and improved processes. I am confident that elevating our execution across the organization will result in an enhanced customer experience and drive profitable growth and increased shareholder value over the long-term.”

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