News stories about Michaels Companies (NASDAQ:MIK) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Michaels Companies earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 45.2260555725606 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Shares of Michaels Companies (NASDAQ MIK) opened at $26.01 on Monday. The company has a debt-to-equity ratio of -1.56, a current ratio of 1.39 and a quick ratio of 0.25. The company has a market capitalization of $4,714.29, a PE ratio of 13.27, a price-to-earnings-growth ratio of 1.00 and a beta of 0.92. Michaels Companies has a 1 year low of $17.25 and a 1 year high of $26.05.

Michaels Companies (NASDAQ:MIK) last issued 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. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Michaels Companies had a negative return on equity of 22.16% and a net margin of 7.33%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.40 earnings per share. sell-side analysts expect that Michaels Companies will post 2.17 EPS for the current year.

A number of analysts recently commented on MIK shares. Zacks Investment Research upgraded Michaels Companies from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. BidaskClub cut Michaels Companies from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Piper Jaffray Companies cut Michaels Companies from a “neutral” rating to an “underweight” rating in a research report on Friday, October 27th. Deutsche Bank cut Michaels Companies from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a research report on Tuesday, December 12th. Finally, ValuEngine cut Michaels Companies from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $23.63.

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About Michaels Companies

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.

Insider Buying and Selling by Quarter for Michaels Companies (NASDAQ:MIK)

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