FBR Capital Maintains an 'Outperform' on Finish Line (FINL); Management Meeting Takeaways--Executing Against Still-Strong Cycle

FBR Capital maintains an 'Outperform' on Finish Line (NASDAQ: FINL), raises PT from $23 to $24.

FBR analyst says, "We continue to think the athletic footwear product cycle supports solid fundamentals for The Finish Line, as the retailer is highly levered to the trends favoring premium/technical merchandise. Continued sales momentum, coupled with subsequent leverage and ongoing cost-control initiatives, supports a robust earnings profile with the potential for upside to current Street estimates. With a pristine balance sheet ($5.60/share in cash, no debt) and discounted valuation relative to the peer group, we believe that the risk/reward dynamic remains favorable, but execution against stiffening compares, peaking margins, and productive deployment of cash will be critical in supporting further appreciation in the stock."

For more ratings news on Finish Line click here and for the rating history of Finish Line click here.

Shares of Finish Line closed at $21.49 yesterday.

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