Media coverage about Michaels Companies (NASDAQ:MIK) has trended positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 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 0.26 on Accern’s scale. Accern also assigned press coverage about the specialty retailer an impact score of 46.035960488254 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Michaels Companies (NASDAQ MIK) traded up $0.82 during trading hours on Monday, reaching $24.86. The company’s stock had a trading volume of 1,426,485 shares, compared to its average volume of 1,805,496. Michaels Companies has a 12-month low of $17.25 and a 12-month 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 firm has a market cap of $4,360.00, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 0.78 and a beta of 0.99.
Michaels Companies (NASDAQ:MIK) last issued its earnings results on Thursday, November 30th. The specialty retailer reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Michaels Companies had a net margin of 7.33% and a negative return on equity of 22.16%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.40 EPS. analysts forecast that Michaels Companies will post 2.18 EPS for the current fiscal year.
Several research analysts have recently commented on MIK shares. Zacks Investment Research downgraded Michaels Companies from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. ValuEngine raised Michaels Companies from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Piper Jaffray Companies downgraded Michaels Companies from a “neutral” rating to an “underweight” rating in a report on Friday, October 27th. Deutsche Bank downgraded Michaels Companies from a “buy” rating to a “hold” rating and set a $25.00 target price on the stock. in a report on Tuesday, December 12th. Finally, BidaskClub downgraded Michaels Companies from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $26.00.
In other Michaels Companies news, CEO Carl Rubin sold 220,930 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $27.15, for a total transaction of $5,998,249.50. Following the completion of the sale, the chief executive officer now owns 444,796 shares in the company, valued at approximately $12,076,211.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.
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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