Janney Montgomery Scott Reiterates a 'Buy' on Finish Line (FINL); Several Reasons To Like
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Price: $21.60 +0.14%
Rating Summary:
5 Buy, 13 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 23 | New: 22
Rating Summary:
5 Buy, 13 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 23 | New: 22
Trade FINL Now!
Janney Montgomery Scott reiterates a 'Buy' on Finish Line (NASDAQ: FINL) price target of $26.00 (from $25.00).
Analyst, Eric Tracy, said, "We believe risk/reward remains attractive based on the following: (1) continued execution against the athletic footwear cycle should support healthy comps and subsequent fixed cost leverage (further supported by Nike +15% domestic futures orders), (2) increased investments to support transformative strategies (FY13 peak capex at $80-90M vs. ~$30M LY) tempers the flow through/cycle benefits and layers in execution/integration risks, but should drive a more profitable and competitively sustainable model LT (predicated on management execution), (3) capital allocation can continue to be balanced between growth investments and returning value to shareholders through share buybacks (2.3M shares remaining under existing repurchase program) and dividends."
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, with a 52 week range of $16.42-$26.16.
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Analyst, Eric Tracy, said, "We believe risk/reward remains attractive based on the following: (1) continued execution against the athletic footwear cycle should support healthy comps and subsequent fixed cost leverage (further supported by Nike +15% domestic futures orders), (2) increased investments to support transformative strategies (FY13 peak capex at $80-90M vs. ~$30M LY) tempers the flow through/cycle benefits and layers in execution/integration risks, but should drive a more profitable and competitively sustainable model LT (predicated on management execution), (3) capital allocation can continue to be balanced between growth investments and returning value to shareholders through share buybacks (2.3M shares remaining under existing repurchase program) and dividends."
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, with a 52 week range of $16.42-$26.16.
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