Benchmark Starts Finish Line (FINL) at Buy; Recent Decline Makes Shares Look Attractive

April 20, 2012 7:35 AM EDT
Get Alerts FINL Hot Sheet
Price: $17.63 +1.67%

Rating Summary:
    9 Buy, 23 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 10
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Benchmark initiates coverage on Finish Line (NASDAQ: FINL) with a Buy. PT $27.00.

Analyst, Robert Samuels, said, "While near-term EPS growth will be constrained by the company’s increased investment spend this year, we believe FINL is taking the necessary steps to remain relevant and stay ah"ead of the curve through its omni-channel retailing approach."

"Top-line trends should remain positive this year as the product pipeline remains robust, particularly from Nike, and the consumer has not pushed back at all on recent price increases. After several quarters of being unable to drive better bottom line growth given robust comps (due to e-commerce investments), the company has finally laid out its investment roadmap and provided guidance for the first time in several years."

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 $21.66 yesterday.

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