Sterne Agee Sets Expectations On Finish Line; Maintains Neutral Stance


In a research report issued today, Sterne Agee analyst Sam Poser reiterated a Neutral rating on Finish Line (NASDAQ:FINL). No price target was provided.

Poser commented, “We expect 2Q15 SSS to increase 2% and EPS of $0.59. The SSS will likely reflect a 20% increase in the digital business, a MSD increase in the Running Specialty Group (RSG), and a LSD increase in FINL’s brick & mortar sales. We see ongoing B&M share loss to Foot Locker, continued strength in digital, and a Macy’s business that will be tough to comp late next year and into calendar 2016.”

The analyst added, “Based on our review of the Sportscaninfo (SSI) data and our channel checks, the following is how we view 2Q15 for Finish Line’s B&M stores: Running shoe sale up LSD, Basketball shoe sales up mid to high single digits, training shoes down ~20%, and casual shoes down ~10%. Combined with a 20% increase in e-commerce, and a MSD increase at the RSG, total SSS should be up 2%. We expect Macy’s to generate $58M in revenue.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Sam Poser has a total average return of 20.6% and a 73.3% success rate. Poser has a -5.5% average return when recommending FINL, and is ranked #34 out of 3293 analysts.

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