BidaskClub upgraded shares of Michaels Companies (NASDAQ:MIK) from a hold rating to a buy rating in a report released on Monday.
Other equities analysts have also recently issued research reports about the company. Deutsche Bank increased their target price on Michaels Companies from $24.00 to $25.00 and gave the stock a buy rating in a report on Monday, March 19th. JPMorgan Chase & Co. reiterated a focus list rating on shares of Michaels Companies in a report on Thursday, June 21st. ValuEngine cut Michaels Companies from a buy rating to a hold rating in a report on Thursday, March 1st. Loop Capital initiated coverage on Michaels Companies in a report on Thursday, March 1st. They set a hold rating and a $25.00 target price for the company. Finally, Zacks Investment Research cut Michaels Companies from a buy rating to a hold rating in a report on Wednesday, March 21st. Three analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Michaels Companies has an average rating of Hold and a consensus target price of $23.80.
Michaels Companies opened at $18.80 on Monday, MarketBeat Ratings reports. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.99 and a beta of 1.23. The company has a debt-to-equity ratio of -1.82, a current ratio of 1.79 and a quick ratio of 0.60. Michaels Companies has a 1 year low of $17.25 and a 1 year high of $27.87.
Michaels Companies (NASDAQ:MIK) last released its earnings results on Thursday, June 14th. The specialty retailer reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Michaels Companies had a negative return on equity of 24.87% and a net margin of 6.44%. The company’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. sell-side analysts forecast that Michaels Companies will post 2.29 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Schroder Investment Management Group boosted its stake in shares of Michaels Companies by 20.7% during the 1st quarter. Schroder Investment Management Group now owns 1,243,610 shares of the specialty retailer’s stock worth $24,511,000 after buying an additional 212,923 shares during the last quarter. A.R.T. Advisors LLC boosted its stake in shares of Michaels Companies by 180.6% during the 1st quarter. A.R.T. Advisors LLC now owns 234,008 shares of the specialty retailer’s stock worth $4,612,000 after buying an additional 150,600 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Michaels Companies by 353.7% during the 4th quarter. Sei Investments Co. now owns 147,363 shares of the specialty retailer’s stock worth $3,564,000 after buying an additional 114,880 shares during the last quarter. Investors Research Corp acquired a new position in shares of Michaels Companies during the 4th quarter worth about $421,000. Finally, We Are One Seven LLC acquired a new position in shares of Michaels Companies during the 4th quarter worth about $197,000.
About Michaels Companies
The Michaels Companies, Inc owns and operates arts and crafts specialty retail stores for Makers and do-it-yourself home decorators in North America. It operates Michaels stores that offer approximately 45,000 stock-keeping units (SKUs) in crafts, home decor and seasonal, framing, and paper crafting; and Aaron Brothers stores, which offer approximately 5,600 SKUs, including photo frames, a line of ready-made frames, art prints, framed art, art supplies, and custom framing services.
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