Canaccord Genuity Reiterates a 'Buy' on Finish Line (FINL); Quarter-To-Date Comp Trends in Double-Digit

July 2, 2012 8:18 AM EDT Send to a Friend
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Price: $22.62 -3.13%

Rating Summary:
    7 Buy, 17 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 9 | Down: 10 | New: 35
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Canaccord Genuity reiterates a 'Buy' on Finish Line (NASDAQ: FINL) price target of $25.00.

Analyst, Camilo Lyon, said, "FINL reported good Q1 EPS of $0.24 vs. our estimate/consensus of $0.23 on an 8% comp vs. our 8.5%. Lower expense growth and a lower share count offset gross margin contraction and a higher tax rate (-$0.02) relative to our model. With expense de-leverage easing, continued product innovation from all the vendors, and a beneficial calendar shift in Q2, we believe FINL will continue to deliver steadily improving results."

For an analyst ratings summary and ratings history on Finish Line click here. For more ratings news on Finish Line click here.

Shares of Finish Line closed at $20.91 yesterday.


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