Impact of Brokerage Rating on The Michaels Companies, Inc.(MIK)

Many The Michaels Companies, Inc.(MIK) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Michaels Companies Inc was Upgraded by Morgan Stanley to Overweight on Jan 17, 2017. Michaels Companies Inc was Downgraded by Raymond James to Mkt Perform on Dec 7, 2016. Michaels Companies Inc was Reiterated by Telsey Advisory Group on Dec 7, 2016 to Market Perform, Lowers Price Target to $ 27 from a previous price target of $28 .

Company has reported several Insider transactions to the SEC, on Dec 6, 2016, Philo Pappas (EVP-Category Management) sold 1,152 shares at 23.92 per share price.On Jul 20, 2016, Joshua Bekenstein (director 10% owner) sold 5,179,885 shares at 27.71 per share price.On Jul 20, 2016, Matthew S Levin (director 10% owner) sold 5,179,885 shares at 27.71 per share price.

Michaels Companies Inc Last issued its quarterly earnings results on Dec 6, 2016. The company reported $0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.03. Analyst had a consensus of $0.43. The company had revenue of $1227.20 million for the quarter, compared to analysts expectations of $1256.79 million. The companys revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.

The Michaels Companies, Inc. (NASDAQ:MIK) has received a short term rating of strong sell from experts at Zacks with a rank of 5. The stock has been rated an average of 2.06 by 8 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 4 Brokerage Firms have advised hold.

The Michaels Companies, Inc. (NASDAQ:MIK): The stock price is expected to reach $ 26.57 in the short term. The number of analysts agreeing with this consensus is 7. The higher estimate for the short term price target is at $32 while the lower estimate is at $23. The standard deviation of the price stands at $3.78.

The Michaels Companies, Inc. (NASDAQ:MIK) rose 1.02% or 0.21 points on Tuesday and made its way into the gainers of the day. After trading began at $20.96 the stock was seen hitting $20.96 as a peak level and $20.12 as the lowest level. The stock ended up at $20.75. The daily volume was measured at 1,890,677 shares. The 52-week high of the share price is $31.365 and the 52-week low is $19. The company has a market cap of $4,179 million.

The Michaels Companies, Inc. is a specialty retailer of arts and crafts. The Companys stores offer stock-keeping units in arts, crafts, scrapbooking, floral, framing, home decor, seasonal offerings, and childrens hobbies. It produces 11 exclusive private brands including Recollections(R), Studio Decor(R), Bead Landing(R), Creatology(R), Ashland(R), Celebrate It(R), Art Minds(R), Artists Loft(R), Craft Smart(R), Loops & Threads(R) and Imagin8(R). The Michaels Companies, Inc. is based in Irving, Texas.

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