The Finish Line, Inc. stock price

The Finish Line, Inc. latest news:


  • 09/13/2017 06:51:13

    Finish Line's stock surges after analyst upgrades on belief a buyout is likely

    Shares of Finish Line Inc. surged 6.0% in premarket trade Wednesday, after the athletic shoe and apparel retailer was upgraded at Susquehanna Financial, which said it believes a buyout is likely. Analyst Sam Poser raised his rating to positive, after being at neutral for the past 10 months, and raised his stock price target to $12 from $9. Despite the fact that Finish Line adopted last month a "poison pill" in an attempt to fend off acquirers, Poser said he believes there is a 75% probability that the U.K.'s Sports Direct will buy Finish Line at about $13.30. Poser believes current share prices reflects only about a 30% probability that Finish Line is acquired. The stock traded at $10.32 ahead of the open, or 25% above the 8-year closing low of $8.24 on Aug. 30, which came on the heels of a profit and sales warning. The stock has plunged 33% over the past three months through Tuesday, while the SPDR S&P Retail ETF has slipped 0.8% and the S&P 500 has gained 2.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/11/2017 11:57:39

    Gold drops from a 1-year high to its lowest level in a week

    Gold prices dropped Monday to settle at their lowest level in just over a week, after ending last Friday at their highest since early September. Investment demand for the precious metal dulled as tensions between the U.S. and North Korea and concerns surrounding Hurricane Irma eased back. Strength in the dollar and U.S. equities also pressured prices for the metal. December gold fell $15.50, or 1.2%, to settle at $1,335.70 an ounce. That was the lowest finish since Sept. 1. The decline followed Friday's settlement at $1.351.20, which was the highest for a most-active contract since Sept. 6, according to FactSet data.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/08/2017 14:30:07

    Popular insurance fund marks best daily gain in 6 years even as Hurricane Irma looms

    Prominent insurance-linked funds logged their best daily gains in years on Friday, even as Hurricane Irma was ready to lash deadly rains and winds at Florida, among a trio of powerful storms brewing in the Atlantic. Still, PowerShares KBW Property & Casualty Insurance Portfolio jumped 3.7% on Friday, matching the exchanged-traded fund's best one-day rise since Nov. 30, 2011, according to FactSet data. All of its components finished in the green, led by a nearly 7% gain in shares of Maiden Holdings Ltd. and a 5.8% rise in XL Group Ltd.. A component of the Dow Jones Industrial Average , Travelers Cos. Inc. , rallied 4%, its best day in about five years, since Dec. 5, 2012. Its gain alone added about 30 points to the price-weighted Dow's tepid climb on Friday. Other popular insurance closed sharply higher. The SPDR S&P Insurance ETF ended up 2.8% and the iShares U.S. Insurance ETF closed 2.6% higher. Despite, Friday's odd gains, most of the insurer funds were set to log steep declines. The property and casualty ETF booked a 3.4% weekly decline, the iShares insurance fund slumped 1.8% drop for the period, while the SPDR insurance registered a weekly decline of 2.8%. Winds from Hurricane Irma, already the most powerful Atlantic hurricane on record, on Friday picked up steam as it barreled toward Florida, prompting Gov. Rick Scott to urge all Floridians to evacuate. The approaching storm comes less than two weeks since Hurricane Harvey devastated much of Houston and parts of Louisiana. Besides Irma, hurricanes Katia and Jose are also swirling in the Atlantic. In broader markets, the S&P 500 index closed off 0.2% at 2,461, while the Nasdaq Composite Index ended down 0.6%. The Dow finished in the green on back of Travelers. The insurance giant wiped out its weekly decline to show slight weekly advance. One rationale for insurer gains on the day is the hope that Irma will produce less damaging floodwaters and lasting damage, compared with Harvey. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/31/2017 13:27:15

    S&P 500 tries to end August in positive territory--its 5th monthly gain in a row

    The S&P 500 index's rally puts the broad-market benchmark in position to end August where it started, a relative victory for the gauge after stumbling badly as volatility briefly resurfaced. The S&P 500 index looked set to end August with a gain of less than 0.1%, on the back of four straight gains, with Thursday's potential advance marking a fifth day. Finishing August at the flatline is notable also because the S&P 500 booked two days of declines of about 1.5% on Aug. 10 and Aug. 17, the first time it has registered a decline of that severity in months. The S&P 500 had recorded only one other decline of at least 1% in 2017, on May 17. For the month, the Dow Jones Industrial Average is set to book a gain of 0.3%, while the Nasdaq Composite Index was on track to rise 1.2% in August. To put things in perspective, gold futures , considered a haven in times of volatility and uncertainty, climbed 4.7% on the month and measure of volatility, the CBOE Volatility Index climbed 1.6% over the 31-day period. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/31/2017 12:58:24

    U.S. oil prices drop over 6% for the month; gasoline futures rally

    U.S. oil prices rallied Thursday, but still finished the month of August with a loss of more than 6%, as gasoline futures soared to levels not seen in more than two years. Traders mulled the impact of refinery outages on gasoline supplies in the wake of Hurricane Harvey, as well as the U.S. Energy Department's release of a total of 1 million barrels a day from the Strategic Petroleum Reserve to help alleviate any shortages of the fuel. October West Texas Intermediate crude rose $1.27, or 2.8%, to settle at $47.23 a barrel on the New York Mercantile Exchange. September gasoline rose 25.5 cents, or 13.5%, to end at $2.140 a gallon on its expiration day--with the contract up about 28% for the month. October gasoline rose 14.2 cents, or 5.7%, to $1.779 a gallon.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/28/2017 16:37:37

    UPDATE 1-Finish Line adopts 'poison pill', cuts profit forecast

    Aug 28 (Reuters) - Finish Line Inc said on Monday its board adopted a shareholder rights plan and cut its adjusted profit forecast for fiscal 2018, sending its shares down 23 percent in aftermarket trading.

  • 08/28/2017 16:02:43

    Shares of Foot Locker, Nike down amid Finish Line profit warning

    Shares of Foot Locker Inc. fell more than 2% late Monday after competitor Finish Line Inc. warned of lower profits. Shares of Nike Inc. were down 1.4% in late trading. Both stocks ended the regular session down less than 1%. Finish Line said earlier Monday its per-share earnings in the third quarter will come below Wall Street expectations and predicted a decline in sales and profit for the year amid a drop in sales in the first half of the year. Footwear retailers earlier this month were dogged by a rash of analyst downgrades following concerns about changing consumer preferences and deep promotions. Finish Line shares were down more than 23%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/28/2017 15:50:35

    Finish Line adopts poison pill after 'recent share accumulations'

    Aug 28 (Reuters) - Sporting goods retailer Finish Line Inc said on Monday its board adopted a shareholder rights plan after "recent share accumulations".

  • 08/28/2017 15:02:29

    Finish Line shares down 21% after company warns of lower profit

    Finish Line Inc. shares tanked late Monday following a halt as the company warned its per-share earnings will come well below Wall Street expectations and predicted a steep decline in sales and profits for the year. The footwear retailer said its net sales were $469.4 million in the second quarter, down 3.3% compared with the year-ago period, thanks to a 4.6% decrease in comparable sales. "Based on the decline in sales and pressure on gross margin from increased markdowns," the company expects to report second-quarter earnings per share in the range of 8 cents to 12 cents, it said in a statement. Analysts polled by FactSet expect second-quarter earnings of 37 cents a share on sales of $477 million. "The marketplace for athletic footwear became much more promotional as our second quarter progressed resulting in challenging sales and gross margin trends," Chief Executive Sam Sato said. Based on the results so far this year and the expectation margin trends will "remain challenging" through the year, Finish Line said it expects comparable sales to decrease 3% to 5%, versus a previous guidance of an increase in the low-single digits. Adjusted earnings per share are seen in the range of 50 cents to 60 cents for fiscal 2018, versus a previous guidance range of $1.12 to $1.23 a share, and compared with adjusted earnings per share of $1.06 for the fiscal year ended in February. "We believe it is prudent to adjust our outlook as we expect the environment to remain highly competitive and promotional throughout the remainder of the year," Sato said. "In light of our disappointing second-quarter results and revised projections for fiscal 2018, we will remain very disciplined in managing our expenses and inventories throughout the remainder of the year." The shares ended the regular trading session down 2.3%. Finish Line is scheduled to report earnings on Sept. 22. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/28/2017 14:47:01

    Finish Line shares halted after company warns of lower profit

    Finish Line Inc. shares were halted late Monday as the company warned its per-share earnings will come well below Wall Street expectations and predicted a steep decline in sales and profits for the year. The footwear retailer said its net sales were $469.4 million in the second quarter, down 3.3% compared with the year-ago period, thanks to a 4.6% decrease in comparable sales. "Based on the decline in sales and pressure on gross margin from increased markdowns," the company expects to report second-quarter earnings per share in the range of 8 cents to 12 cents, it said in a statement. Analysts polled by FactSet expect second-quarter earnings of 37 cents a share on sales of $477 million. "The marketplace for athletic footwear became much more promotional as our second quarter progressed resulting in challenging sales and gross margin trends," Chief Executive Sam Sato said. Based on the results so far this year and the expectation margin trends will "remain challenging" through the year, Finish Line said it expects comparable sales to decrease 3% to 5%, versus a previous guidance of an increase in the low-single digits. Adjusted earnings per share are seen in the range of 50 cents to 60 cents for fiscal 2018, versus a previous guidance range of $1.12 to $1.23 a share, and compared with adjusted earnings per share of $1.06 for the fiscal year ended in February. "We believe it is prudent to adjust our outlook as we expect the environment to remain highly competitive and promotional throughout the remainder of the year," Sato said. "In light of our disappointing second-quarter results and revised projections for fiscal 2018, we will remain very disciplined in managing our expenses and inventories throughout the remainder of the year." The shares ended the regular trading session down 2.3%. Finish Line is scheduled to report earnings on Sept. 22. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/28/2017 14:46:11

    BRIEF-Finish Line announces Preliminary Q2 results and updated fiscal 2018 outlook

    * Expects Q2 sales of $469.4 million versus i/b/e/s view $477.2 million

  • 08/28/2017 14:15:55

    Dow, S&P 500 finish at break-even levels in Harvey's wake; Nasdaq logs a gain

    U.S. stocks closed Monday trade little changed, with gains in health-care and technology stocks offsetting losses for energy and financials as investors watched the aftermath of Hurricane Harvey that has left parts of the Houston-area underwater. The Dow Jones Industrial Average closed flat at 21,808. Shares of insurance giant Travelers Cos. Inc., traded lower in the aftermath of the storm, taking a toll on the blue-chip gauge. The S&P 500 index ended the session in the green but with a slight gain of 1.18 point, or less than 0.1%, at 2,444. The health-care sector rose 0.6%, posting the day's best gain among the broad-market index's 11 sectors, while energy and financials led losses, down 0.5% a piece. The Nasdaq Composite Index , meanwhile, posted the best performance among the three main U.S. equity benchmarks, up 0.3% at 6,283. Crude-oil prices were in focus as the now-Tropical storm Harvey continued to buffet the Gulf Coast region , a substantial energy refining hub for U.S. crude products, with heavy rains. October West Texas Intermediate crude fell $1.30, or 2.7%, to settle at $46.57 a barrel. Meanwhile, September gasoline climbed 4.6 cents, or 2.7%, to $1.712 a gallon-- the highest finish for a front-month contract since April 17. Crude products saw prices sink as the devastating storm saps demand from refineries but puts gasoline prices higher demand. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/17/2017 14:20:24

    Dow books worst one-day decline in three months, down 274 points, as stock market swoons

    U.S. stock-index benchmarks finished sharply lower on Thursday, marking the first time all three major benchmarks closed with a decline of at least 1% on the same time in three months. The broad-market downdraft saw the Dow Jones Industrial Average register its worst single-session drop also in about three months and comes as investor sentiment was derailed by a terror attack in Barcelona and doubts about President Donald Trump's ability to push through legislation that is beneficial to Wall Street after a fervor over his response to a violent, white-supremacist rally in Charlotesville, Va. The Dow Jones Industrial Average ended down 1.2%, while the S&P 500 closed 1.5% lower, marking its lowest level since July 11. The Nasdaq Composite , which is skewed toward tech stocks, fell 1.9%, erasing its gains in the week to date. Cisco Systems was the worst performer on the Dow following poor fiscal fourth quarter earnings yesterday. The one-day decline for the Dow marked its sharpest since May 17, which was also the same day all the main equity benchmarks finished with a decline of at least 1%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/15/2017 12:41:54

    Oil prices cut their losses ahead of U.S. supply data

    Oil prices finished a few cents lower Tuesday, giving up the bulk of their earlier losses. Concerns over growing U.S. shale-oil production weighed on the market, but prices found some support from the latest U.S. crude-supply forecasts. Analysts expect Wednesday's Energy Information Administration report to show a seventh-straight weekly decline for U.S. crude inventories. September West Texas Intermediate crude fell 4 cents, or less than 0.1%, to settle at $47.55 a barrel on the New York Mercantile Exchange.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/09/2017 12:41:19

    Oil futures gain on crude inventory drop

    Oil futures finished higher Wednesday after the Energy Information Administration reported U.S. crude inventories fell 6.5 million barrels last week, the ninth decline in a row. However, mounting geopolitical tensions between the U.S. and North Korea as the two countries exchanged a war of words limited crude prices from gaining further. On the New York Mercantile Exchange, West Texas Intermediate for delivery in September gained 39 cents, or 0.8%, to settle at $49.56.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/04/2017 12:49:27

    Oil settles higher, but post weekly decline, ahead of OPEC compliance confab

    Oil futures finished the session sharply higher on Friday, but booked a weekly loss, as investors focused on a decline in rigs drilling for oil against a coming OPEC meeting to assess compliance of to an agreement to check global production and stabilize crude prices. On the New York Mercantile Exchange, West Texas Intermediate for delivery in September advanced 55 cents, or 1.1%, at $49.58. However for the week, crude prices finished about 0.4% lower, according to FactSet data. Crude prices added to earlier gains after a report at 1 p.m. Eastern showed that overall U.S. rig counts pulled back for the week, helping to support gains in crude-oil prices on Friday. The number of active U.S. rigs drilling for oil fell by 1 to 765 rigs this week, while those drilling for gas declined by 3 to 189, bringing the overall oil-and-gas count to 954 for the week, according to Baker Hughes. Oil had been on the rise after an upbeat reading of U.S. employment showed that 209,000 jobs were created in July, with the unemployment rate falling to a 16-year low at 4.3%. Strong U.S. jobs can suggest impending demand for crude, lifting prices. Looking ahead, investors will be focused on a meeting of the Organization of the Petroleum Exporting Countries to discuss compliance to agreed upon global production limits that run through March 2018. The meeting is set for set for Aug. 7-8 in Abu Dhabi. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/17/2017 14:05:34

    U.S. stocks close mostly flat as big earnings week kicks off

    U.S. stocks finished mostly flat on Monday as investors turned cautious with major indexes trading near records ahead of big earnings later in the week. The S&P 500 slipped less than a point to close at 2,459, with health-care stocks topping the losses. The sector's decline follows news that the Republicans' health-care bill may be once again delayed in the wake of Sen. John McCain's emergency surgery. The Dow Jones Industrial Average edged down 5 points to end at 21,631 while the Nasdaq Composite Index rose about 2 points to close at 6,314. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/27/2017 14:21:27

    Wall Street's 'fear gauge' books biggest daily jump in a month as health bill is delayed

    A popular gauge of volatility, or fear, on Wall Street Tuesday surged by the most since mid-May as the stock market ended firmly lower in afternoon trade. The CBOE Volatility Index was up more than 13% at 11.21, its largest daily jump since May 17, when it climbed more than 46%, according to FactSet data. The so-called VIX, otherwise known as the fear gauge, measures options bets on the S&P 500 index 30 days in the future and is used by traders to wager on sharp swings in the market. The indicator is often used as a measure of how investors are positioned for sudden market selloffs, because stocks tend to fall faster than they rise. Wall Street views passage of the health-care legislation as a proxy for President Donald Trump's ability to get through a raft of other business-friendly laws, including tax cuts, deregulation and infrastructure spending. That trio has helped to push markets to recent repeated records, but doubts around the president's ability to pass his agenda has often led to downdrafts in assets perceived as risky, like stocks. Tuesday's action saw technology stocks, as measured by the Nasdaq Composite Index , closed down 1.6%, taking the brunt of the selling pressure. A tech-specific exchange-traded fund, the Technology Select Sector SPDR ETF , also was down sharply. The Dow Jones Industrial Average finished off 0.5%, while the S&P 500 closed down 0.8%. The Health Care Select Sector SPDR ETF wrapped up the session down 0.9%, while the biotech-oriented iShares Nasdaq Biotechnology ETF finished 2.76% lower, posting its worst daily decline since a 2.77% drop March 21. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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