Sterne Agee Reports 4Q11 Results for FINL

Sterne Agee has reported on the fourth quarter results for Finish Line FINL. According to Sterne Agee, "FINL printed an adjusted EPS of 69¢ versus our estimate of 63¢… Sales were driven by men's and kid's running and basketball footwear, while the women's business remained challenging due to the difficult toning comparisons. Inventory was up 2.1% with total sales up 3.4% and the company ended the year with $299.3M in cash or $5.60 per share." FINL has a Buy Rating and a $25.00 Price Target. FINL traded for $19.13 at closing on Friday.