Canaccord Genuity Reiterates a 'Buy' on Finish Line (FINL); Boosting PT and Q2 Estimates
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Price: $13.51 --0%
Rating Summary:
3 Buy, 22 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
3 Buy, 22 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
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Canaccord Genuity reiterates a 'Buy' on Finish Line (NASDAQ: FINL) price target of $28.00 (from $26.00).
Analyst, Camilo Lyon, said, "We are raising our Q2 EPS estimate to 45c from 42c ahead of the Q2 earnings release expected on September 28. Our channel checks have pointed to solid growth in basketball (~25% of sales) and kids (~20% of sales). Kids is benefitting from the take-down of popular adult styles like the Nike Free (NYSE: NKE). Gross margin should also benefit from a calendar shift that hurt Q1 margins. With expense deleverage improving and good product visibility into 2013, we believe FINL’s risk/reward remains favorable."
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 $23.79 yesterday.
Analyst, Camilo Lyon, said, "We are raising our Q2 EPS estimate to 45c from 42c ahead of the Q2 earnings release expected on September 28. Our channel checks have pointed to solid growth in basketball (~25% of sales) and kids (~20% of sales). Kids is benefitting from the take-down of popular adult styles like the Nike Free (NYSE: NKE). Gross margin should also benefit from a calendar shift that hurt Q1 margins. With expense deleverage improving and good product visibility into 2013, we believe FINL’s risk/reward remains favorable."
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 $23.79 yesterday.
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