Finish Line (FINL) Misses Q3 EPS by 4c; Plans Store Closings; Boosts Qtr. Dividend

Execution Issues Derailed Finish Line's (FINL) 3Q - Piper Jaffray Cut PT to $16

Piper Jaffray maintained a Neutral rating on Finish Line (NASDAQ: FINL), and cut the price target to $16.00 (from $18.00), following the company's 3Q earnings report. Execution issues tied to the company's warehouse management system implementation derailed sales and earnings, significantly lowering the 2H outlook.

Analyst Erinn Murphy... More

Supply Chain Issues Hurt Finish Line's (FINL) 3Q - FBR Capital Remains Bullish

FBR Capital reiterated an Outperform rating and $30.00 price target on Finish Line (NASDAQ: FINL) following the company's 3Q earnings report. FINL reported adjusted F3Q16 EPS of ($0.49), versus consensus of ($0.04). Comps decreased 5.8%, versus consensus of +1.5%. Supply chain issues had a ($0.42)/share impact on EPS and a $32M impact on sales in the quarter.... More

UPDATE: Finish Line (FINL) Raises Quarterly Dividend 11.1% to $0.10; Yields 2.2%

(Updated - January 7, 2016 7:13 AM EST)

Finish Line (NASDAQ: FINL) declared a quarterly dividend of $0.10 per share, or $0.4 annualized. This is an 11.1% increase from the prior dividend of $0.09.

The dividend will be payable on March 14, 2016, to stockholders of record on February 26, 2016, with... More

Finish Line (FINL) Names Sam Sato to Succeed Glenn Lyon as CEO

The Finish Line board of directors announced today that Sam Sato will succeed Glenn Lyon as chief executive officer of The Finish Line, Inc. (NASDAQ: FINL) effective February 28, 2016. Lyon, who currently serves as CEO and chairman of the board, will serve as executive chairman of the board through the end of calendar year 2016. At the beginning of 2017, Lyon will transition to the role of non-executive chairman of the board.

During the past few years, our board and management team have worked diligently together to prepare for this change in leadership,... More