News articles about Michaels Companies (NASDAQ:MIK) have been trending somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of press coverage by monitoring 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 closest to one being the most favorable. Michaels Companies earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave media stories about the specialty retailer an impact score of 45.1031848300621 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment’s analysis:

Shares of Michaels Companies (NASDAQ MIK) traded down $0.37 on Wednesday, reaching $24.43. The company’s stock had a trading volume of 1,800,631 shares, compared to its average volume of 2,050,000. The company has a market cap of $4,430.00, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 0.96 and a beta of 0.92. The company has a debt-to-equity ratio of -1.56, a current ratio of 1.39 and a quick ratio of 0.25. Michaels Companies has a 52-week low of $17.25 and a 52-week high of $26.05.

Michaels Companies (NASDAQ:MIK) last announced its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. equities analysts forecast that Michaels Companies will post 2.17 earnings per share for the current fiscal year.

A number of research firms recently commented on MIK. Goldman Sachs Group upgraded Michaels Companies from a “neutral” rating to a “buy” rating in a research report on Tuesday. BidaskClub lowered Michaels Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. ValuEngine lowered Michaels Companies from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Deutsche Bank lowered Michaels Companies from a “buy” rating to a “hold” rating and set a $25.00 price objective on the stock. in a research report on Tuesday, December 12th. Finally, Raymond James Financial reiterated a “hold” rating on shares of Michaels Companies in a research report on Saturday, December 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Michaels Companies presently has an average rating of “Hold” and an average 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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