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The Finish Line, Inc. (NASDAQ:FINL), together with its subsidiaries, operates as a mall-based specialty retailer in the United States. It operates Finish Line stores that offer performance and athletic casual footwear, apparel, and accessories for men, women, and kids.

It is scheduled to report its Q1 2013 results on June 29, 2012, before the market opens.

Technical Overview


Key Metrics

  • Market Cap: 934.49M
  • 52-week trading range: 16.42 - 26.16
  • Trailing P/E: 11.58
  • Forward P/E: 9.84
  • Price/Sales: 0.70
  • Price/Book: 1.79
  • PEG Ratio: 0.78
  • Total Debt: 0.00
  • Annual dividend yield: 1.20%
  • Return on Equity: 16.63%
  • Return on Assets: 12.40%

Recent EPS Actuals vs. Estimates

The company has met or beaten analysts' estimates in the last four quarters. In the last quarter it reported $0.81 EPS, in-line with analyst estimates.

The consensus EPS is $0.23 based on 12 analysts' estimates, down from $0.30 a year ago. Revenue estimates are $320.07M, up from $299.47M a year ago. The median target price by analysts for the stock is $26.00.

Average recommendation: Buy

Source: Marketwatch

Analyst Upgrades and Downgrades

  • On April 20, 2012, The Benchmark Company initiated Buy rating for the company.
  • On April 2, 2012, Canaccord Genuity reiterated Buy rating for the company.
  • On March 27, 2012, Northland Securities reiterated Outperform rating for the company.
  • On March 27, 2012, Canaccord Genuity reiterated Buy rating for the company.
  • On March 26, 2012, the company was upgraded from Neutral to Buy at Longbow.
  • On February 17, 2012, Deutsche Bank initiated Buy rating for the company.
  • On January 20, 2012, Northland Securities initiated Outperform rating for the company.

Latest Developments

  • On May 30, 2012, The Finish Line, Inc. outlined its strategy to drive future growth and discuss its long-term operating targets at its Investor and Analyst Event. In addition, the Company updated its fiscal first quarter outlook.
  • On May 1, 2012, The Indiana Economic Development Corporation, together with The Finish Line, Inc. , a national retailer of athletic shoes, apparel and accessories, today announced the company's plans to expand its operations here, creating up to 327 new jobs by the end of 2015.
  • On April 17, 2012, The Finish Line, Inc. and its Finish Line Youth Foundation announced a multi-year pledge to support Special Olympics as part of the retailer's ongoing mission to celebrate the everyday achievements of athletes everywhere.
  • On March 30, 2012, Finish Line, Inc. announced that based on strategic investments in technology, stores and digital capabilities required to execute its omni-channel strategy, management expects to generate earnings per share growth in the mid-single digits in fiscal 2013 with comparable store sales expected in the mid-single digits as well.

Competitors

Finish Line Inc. operates in Specialty Retail, Other industry. The company could be compared to DSW Inc. (NYSE:DSW), Foot Locker, Inc. (NYSE:FL), Hibbett Sports, Inc. (NASDAQ:HIBB), and Collective Brands, Inc. (NYSE:PSS). Below is the table comparison of the most important ratios between these companies and the industry.

Below is the chart comparison with the stock price changes as a percentage for the selected companies and S&P 500 index for the last one year period.

(click to enlarge)FINL Chart

FINL data by YCharts

Competitors' Latest Development

  • On June 18, 2012, DSW Inc announced that it continues to expect comparable sales to increase in the 3% to 5% range for fiscal 2012. The Company confirms its previous guidance for earnings per diluted share of $3.25 to $3.40, excluding any impact from the RVI merger and related items.
  • On June 8, 2012, Hibbett Sports Inc announced that Scott J. Bowman has joined the Company as Senior Vice President and Chief Financial Officer (NASDAQ:CFO), effective July 9. Mr.
  • On May 22, 2012, DSW, Inc. raised fiscal 2012 earnings per share (NYSEARCA:EPS) guidance to $3.25 to $3.40, up from its prior guidance of $3.20 to $3.35, excluding one-time items from RVI.
  • On May 21, 2012, Faruqi & Faruqi, LLP announced that it is investigating the Board of Directors of Collective Brands, Inc for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to a consortium comprised of Wolverine World Wide Inc.
  • On May 2, 2012, Harwood Feffer LLP announced that it is investigating potential claims against the board of directors of the Collective Brands, Inc concerning the proposed acquisition of the Company by a group led by Wolverine World Wide Inc.
  • On May 2, 2012, Ryan & Maniskas, LLP announced that it is investigating potential claims against the Board of Directors of Collective Brands, Inc. ("Collective Brands" or the "Company") concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell Collective Brands to Wolverine World Wide Inc.
  • On May 2, 2012, Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP announced that they are investigating the sale of Collective Brands, Inc.
  • On May 2, 2012, Law Offices of Howard G. Smith announced that it is investigating potential claims against the Board of Directors of Collective Brands, Inc. ("Collective" or the "Company") related to the proposed acquisition of the Company by Wolverine World Wide Inc., Blum Capital Partners and Golden Gate Capital.
  • On May 2, 2012, Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of Collective Brands, Inc. relating to the proposed acquisition by Wolverine World Wide Inc., Blum Capital Partners and Golden Gate Capital.
  • On May 2, 2012, Levi & Korsinsky, LLP announced that it is investigating the Board of Directors of Collective Brands, Inc. (Collective Brands or the Company) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Wolverine World Wide Inc.
  • On May 1, 2012, Glancy Binkow & Goldberg LLP announced that it is investigating potential claims against the Board of Directors of Collective Brands Inc related to the proposed acquisition of the Company by Wolverine World Wide Inc., Blum Capital Partners and Golden Gate Capital.
  • On March 8, 2012, DSW, Inc. announced the opening of its newest store on 34th Street in Manhattan. The store is located in the heart of New York's fashion district. DSW also announced plans to open a store on the Upper West Side at 79th and Broadway in early summer 2012.
  • On March 1, 2012, DSW, Inc. announced that the Board of Directors approved a quarterly cash dividend payment of $0.15 per share. This is the Company's third consecutive quarterly dividend.
  • On February 15, 2012, Foot Locker Inc announced that its Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.18 per share, which will be payable on April 27, 2012 to shareholders of record on April 13, 2012.
  • On January 30, 2012, Hibbett Sports Inc announced that Gary A. Smith, Senior Vice President and Chief Financial Officer (CFO) of the Company, is retiring effective June 1, 2012.
  • On January 10, 2012, DSW, Inc. announced that it has raised annual diluted earnings per share guidance to a range of $2.96 to $2.99 for fiscal 2011 from a range of $2.90 to $2.95, excluding any impact from the RVI merger and related items.

Sources: Yahoo Finance, Google Finance, Marketwatch, Finviz, Reuters.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Earnings Preview: The Finish Line Reports On June 29, Before Market Opens

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