The firm also cut the Indianapolis-based athletic footwear and apparel company's price target to $23 from $25, according to the TheFly.
Buckingham said it believes Finish Line shares will be range bound in the medium-term due to high comp expectations.
Additionally, cost savings will be offset by incentive compensation and other investments, as well as a "less compelling" valuation, the firm added.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
TheStreet Ratings team rates Finish Line as a Buy with a ratings score of B. This is driven by several positive factors, which it believes should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks it covers. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. The team feels its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: FINL