Michaels Companies (MIK) Issues Q4 Earnings Guidance
Michaels Companies (NASDAQ:MIK) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $1.15-1.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.16.
Several research firms recently issued reports on MIK. Zacks Investment Research upgraded Michaels Companies from a hold rating to a buy rating and set a $22.00 price target on the stock in a research report on Wednesday. BidaskClub lowered Michaels Companies from a sell rating to a strong sell rating in a research report on Thursday, November 9th. ValuEngine upgraded Michaels Companies from a hold rating to a buy rating in a research report on Friday, October 27th. Piper Jaffray Companies lowered Michaels Companies from a neutral rating to an underweight rating in a research report on Friday, October 27th. Finally, Bank of America restated a buy rating and set a $29.00 price target on shares of Michaels Companies in a research report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Michaels Companies has an average rating of Hold and a consensus price target of $24.00.
Shares of Michaels Companies (NASDAQ:MIK) opened at $21.94 on Friday. The firm has a market capitalization of $3,909.30, a P/E ratio of 10.96, a PEG ratio of 0.97 and a beta of 0.91. Michaels Companies has a 1 year low of $17.25 and a 1 year high of $24.66. The company has a debt-to-equity ratio of -1.56, a current ratio of 1.39 and a quick ratio of 0.26.
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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