Sterne Agee Reiterates Buy and PT of $25 on the Finish Line

Sterne Agee reiterated its Buy rating on the Finish Line FINL. At the same time, Sterne Agee left its price target on the company's stock unchanged at $25 after raising its earnings per share estimate for the next year. In a research report published today, Sterne Agee states, "We are raising our FY12 EPS estimate from $1.51 to $1.54, and our SSS estimate from 4.2% to 4.7%... Given the strength of the footwear category, and the improving apparel business, we continue to anticipate further acceleration of the overall business. FINL's DTC business has been running strong double digit increases for some time and should continue to do so." On Friday, Finish Line added 0.94% to its value to close the day at $22.61.