News headlines about Michaels Companies (NASDAQ:MIK) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Michaels Companies earned a news impact score of 0.12 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 45.4935668025536 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media stories that may have impacted Accern’s analysis:
A number of brokerages have weighed in on MIK. Telsey Advisory Group upgraded Michaels Companies from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $23.00 to $32.00 in a report on Thursday, January 25th. BidaskClub raised shares of Michaels Companies from a “hold” rating to a “buy” rating in a research report on Wednesday, January 24th. Goldman Sachs Group raised shares of Michaels Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 16th. ValuEngine cut shares of Michaels Companies from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Deutsche Bank cut shares of Michaels Companies from a “buy” rating to a “hold” rating and set a $25.00 price target on the stock. in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $25.00.
Michaels Companies (NASDAQ:MIK) traded down $0.09 during trading on Wednesday, hitting $27.15. 402,278 shares of the company’s stock traded hands, compared to its average volume of 1,656,732. Michaels Companies has a 1 year low of $17.25 and a 1 year high of $27.87. The company has a debt-to-equity ratio of -1.56, a quick ratio of 0.25 and a current ratio of 1.39. The company has a market cap of $5,033.27, a PE ratio of 13.92, a P/E/G ratio of 1.06 and a beta of 0.92.
Michaels Companies (NASDAQ:MIK) last posted its quarterly earnings results on Thursday, November 30th. The specialty retailer reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Michaels Companies had a net margin of 7.33% and a negative return on equity of 22.16%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the firm posted $0.40 EPS. Michaels Companies’s revenue was up 1.1% on a year-over-year basis. sell-side analysts expect that Michaels Companies will post 2.18 EPS for the current fiscal year.
In other Michaels Companies news, CEO Carl Rubin sold 220,930 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $27.15, for a total value of $5,998,249.50. Following the completion of the sale, the chief executive officer now directly owns 444,796 shares of the company’s stock, valued at $12,076,211.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.
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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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