Finish Line Rides Favorable Product cycle, Jefferies Reports

Finish Line Inc. FINL is riding a favorable product cycle led by running and basketball sneakers, Jefferies reports. “We believe that momentum carried into 1Q where we are modeling 10% comp growth,” Jefferies writes. “A tight operating model creates a very leverageable story despite some near-term product margin pressure from toning weakness. We expect management to become more aggressive on share repurchases in the coming quarters, which could provide further EPS upside.” Finish Line closed Monday at $22.98.