The Finish Line, Inc. stock price

The Finish Line, Inc. latest news:


  • 10/17/2017 11:56:17

    Gold prices mark lowest settlement in more than a week

    Gold prices fell below $1,300 an ounce on Tuesday to finish at their lowest level in more than a week on the back of strength in the U.S. dollar and inflation growth in the United Kingdom. December gold lost $16.80, or 1.3%, to settle at $1,286.20 an ounce. That was the lowest finish since Oct. 9 and biggest one-day percentage decline since Sept. 21, 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.

  • 10/06/2017 14:09:41

    Dow, S&P 500 end multisession streaks, but Nasdaq manages 55th record in 2017

    The Dow and S&P 500 finished the week in negative territory on Friday, but the Nasdaq Composite managed to mark a fresh record after a key jobs report showed that the U.S. economy posted its first monthly decline in jobs in about seven years in September. However, the effect of hurricanes in the Gulf Coast and Florida obscured long-sought gains in wages. The Dow Jones Industrial Average closed little changed at 22,773, the S&P 500 index finished slightly lower, off 0.1%, snapping an eight-day win streak to close at 2,549. The broad-market benchmark also halted its streak of record closes, the longest in 20 years, at six in a row. The Nasdaq Composite Index , meanwhile, booked a gain of less than 0.1%, but enough to post its 55th all-time high of 2017. Nonfarm payrolls shrank by 33,000 in September, undercut by hurricanes Harvey and Irma. Economists polled by MarketWatch had predicted a 75,000 increase in nonfarm jobs. The unemployment rate, however, fell to 4.2% from 4.4%, while wages increased by 0.5% to an average of $26.55 an hour, the Labor Department said Friday. In corporate news, data-center operator Switch Inc. jumped 23% in its debut as a public company. 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.

  • 09/13/2017 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.

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