Press coverage about Michaels Companies (NASDAQ:MIK) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Michaels Companies earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 45.8443592986549 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
MIK has been the topic of several recent analyst reports. BidaskClub lowered shares of Michaels Companies from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $18.00 price target on shares of Michaels Companies in a report on Friday, September 29th. Zacks Investment Research downgraded shares of Michaels Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. ValuEngine upgraded shares of Michaels Companies from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Finally, Raymond James Financial restated a “hold” rating on shares of Michaels Companies in a research report on Saturday, December 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $23.63.
Shares of Michaels Companies (NASDAQ:MIK) traded up $0.20 during trading on Thursday, hitting $24.50. 1,323,300 shares of the stock traded hands, compared to its average volume of 1,640,771. Michaels Companies has a 1 year low of $17.25 and a 1 year high of $24.75. The company has a market capitalization of $4,430.00, a PE ratio of 12.44, a price-to-earnings-growth ratio of 1.10 and a beta of 0.92. The company has a debt-to-equity ratio of -1.56, a current ratio of 1.39 and a quick ratio of 0.25.
Michaels Companies (NASDAQ:MIK) last announced its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Michaels Companies had a negative return on equity of 22.16% and a net margin of 7.33%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted $0.40 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. analysts forecast that Michaels Companies will post 2.16 earnings per share for the current year.
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Michaels Companies Company Profile
The Michaels Companies, Inc (Michaels) is an arts and crafts specialty retailer in North America. The Company’s segments include Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan’s and Darice. As of January 28, 2017, the Company operated 1,223 Michaels retail stores in 49 states and Canada, with approximately 18,000 average square feet of selling space per store.
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