Finish Line sets 52-week high

FINISH LINE

Shares of Finish Line surged Friday after the sporting goods retailer posted a 6 percent rise in second-quarter profit. The stock set a new 52-week high of $24.70 and is up 29 percent so far this year.

Quarterly net income rose to $26.5 million, or 54 cents per share, in the 13 weeks ending Aug. 31, compared to $25 million, or 49 cents per share, in the same period a year ago.

Revenue rose 13 percent to $436 million in the second quarter from $385 million in the same quarter a year ago.

Analysts, on average, expected earnings of 45 cents per share on revenue of $426 million.

For the full year, Finish Line said that it still expects adjusted earnings of $1.47 per share. Analysts expect $1.58 per share, according to FactSet.

THE STOCK

Company Name (FINL)

Friday’s close:

$24.41 ▲ $2.02, or 9.02%

52-week range $17-$24

Annual dividend $0.28

Dividend yield 1.1%

Price-earnings ratio * 19

Total return YTD 30%

3-year ** 21%

10-year ** 7%

 

Note: Total returns through Friday

* Trailing 12 months; ** Annualized

Source: FactSet, Associated Press

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Mon, 12/05/2016 - 22:47

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