The Michaels Companies (MIK) Earning Somewhat Favorable Press Coverage, Report Shows
Media coverage about The Michaels Companies (NASDAQ:MIK) has been trending somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news 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. The Michaels Companies earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the specialty retailer an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- The Michaels Companies (NASDAQ:MIK) Receives Media Impact Rating of 0.34 – Newburgh Gazette (newburghgazette.com)
- The Michaels Companies, Inc. (MIK) Trades at 52-Week High – Highlight Press (highlightpress.com)
- The Michaels Companies, Inc. (MIK) Downgraded to Sell at Zacks Investment Research (americanbankingnews.com)
- Quincy Jones Faces Off With Michael Jackson’s Company in Jury Trial (hollywoodreporter.com)
A number of equities analysts have commented on the stock. Guggenheim restated a “buy” rating and issued a $26.00 target price on shares of The Michaels Companies in a research note on Wednesday, June 21st. Zacks Investment Research downgraded shares of The Michaels Companies from a “hold” rating to a “sell” rating in a research note on Wednesday. Telsey Advisory Group dropped their target price on shares of The Michaels Companies from $24.00 to $21.00 and set a “market perform” rating on the stock in a research note on Wednesday, June 7th. Morgan Stanley reiterated an “overweight” rating and set a $25.00 price objective on shares of The Michaels Companies in a research note on Tuesday, June 13th. Finally, BidaskClub downgraded shares of The Michaels Companies from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $26.13.
Shares of The Michaels Companies (NASDAQ:MIK) traded up 0.33% during midday trading on Friday, reaching $18.26. 1,676,738 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $19.19 and its 200 day moving average price is $20.99. The stock has a market capitalization of $3.45 billion, a P/E ratio of 9.76 and a beta of 0.93. The Michaels Companies has a 1-year low of $17.39 and a 1-year high of $29.75.
The Michaels Companies (NASDAQ:MIK) last posted its quarterly earnings results on Tuesday, June 6th. The specialty retailer reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by $0.01. The Michaels Companies had a negative return on equity of 22.75% and a net margin of 7.30%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the firm earned $0.36 EPS. The company’s revenue was up .0% on a year-over-year basis. On average, equities analysts predict that The Michaels Companies will post $2.08 earnings per share for the current fiscal year.
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The 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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