Michaels Companies (NASDAQ:MIK) had its price target boosted by Loop Capital from $20.00 to $25.00 in a research report released on Friday morning, The Fly reports. Loop Capital currently has a buy rating on the specialty retailer’s stock.

MIK has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their target price on Michaels Companies from $13.00 to $14.00 and gave the stock an overweight rating in a research note on Monday, August 31st. Credit Suisse Group upgraded Michaels Companies from a neutral rating to an outperform rating and increased their target price for the stock from $13.00 to $15.00 in a research note on Friday, September 4th. Telsey Advisory Group increased their target price on Michaels Companies from $6.00 to $10.00 and gave the stock a market perform rating in a research note on Friday, August 21st. Morgan Stanley increased their target price on Michaels Companies from $5.00 to $7.00 and gave the stock an underweight rating in a research note on Friday. They noted that the move was a valuation call. Finally, TheStreet upgraded Michaels Companies from a d+ rating to a c rating in a research note on Thursday, September 3rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $11.72.

MIK opened at $9.42 on Friday. Michaels Companies has a 12-month low of $1.00 and a 12-month high of $11.70. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 4.88 and a beta of 3.04. The business has a 50 day moving average of $9.80 and a 200-day moving average of $5.72.

Michaels Companies (NASDAQ:MIK) last released its quarterly earnings data on Thursday, September 3rd. The specialty retailer reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.38. Michaels Companies had a negative return on equity of 14.84% and a net margin of 2.84%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm posted $0.19 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. As a group, analysts forecast that Michaels Companies will post 1.68 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of MIK. FMR LLC increased its stake in Michaels Companies by 29.9% during the 1st quarter. FMR LLC now owns 2,699,700 shares of the specialty retailer’s stock worth $30,831,000 after acquiring an additional 620,679 shares during the period. Aperio Group LLC increased its stake in Michaels Companies by 6.3% during the 1st quarter. Aperio Group LLC now owns 76,328 shares of the specialty retailer’s stock worth $124,000 after acquiring an additional 4,497 shares during the period. Rhumbline Advisers increased its stake in Michaels Companies by 4.6% during the 1st quarter. Rhumbline Advisers now owns 279,340 shares of the specialty retailer’s stock worth $453,000 after acquiring an additional 12,354 shares during the period. First Trust Advisors LP increased its stake in shares of Michaels Companies by 18.5% in the 1st quarter. First Trust Advisors LP now owns 171,669 shares of the specialty retailer’s stock valued at $278,000 after purchasing an additional 26,797 shares during the last quarter. Finally, WINTON GROUP Ltd increased its stake in shares of Michaels Companies by 65.8% in the 1st quarter. WINTON GROUP Ltd now owns 566,877 shares of the specialty retailer’s stock valued at $918,000 after purchasing an additional 225,062 shares during the last quarter.

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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The Fly

Analyst Recommendations for Michaels Companies (NASDAQ:MIK)

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