Michaels Companies (NASDAQ:MIK)‘s stock had its “buy” rating reissued by equities researchers at Credit Suisse Group in a research note issued to investors on Thursday.

A number of other research firms have also commented on MIK. BidaskClub upgraded shares of Michaels Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, June 13th. ValuEngine upgraded shares of Michaels Companies from a “sell” rating to a “hold” rating in a research note on Friday, June 8th. Zacks Investment Research upgraded shares of Michaels Companies from a “sell” rating to a “hold” rating in a research note on Thursday, May 31st. Finally, Telsey Advisory Group lowered their price objective on shares of Michaels Companies from $26.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, June 15th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $23.80.

NASDAQ MIK opened at $20.25 on Thursday. Michaels Companies has a 12 month low of $17.66 and a 12 month high of $27.87. The company has a current ratio of 1.79, a quick ratio of 0.60 and a debt-to-equity ratio of -1.82. The company has a market cap of $3.68 billion, a P/E ratio of 9.33, a P/E/G ratio of 1.14 and a beta of 1.24.

Michaels Companies (NASDAQ:MIK) last posted its quarterly earnings data on Thursday, June 14th. The specialty retailer reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. Michaels Companies had a net margin of 6.44% and a negative return on equity of 24.87%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the business earned $0.38 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. sell-side analysts predict that Michaels Companies will post 2.32 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Guggenheim Capital LLC boosted its holdings in Michaels Companies by 11.3% during the fourth quarter. Guggenheim Capital LLC now owns 21,380 shares of the specialty retailer’s stock worth $518,000 after buying an additional 2,167 shares in the last quarter. Brinker Capital Inc. boosted its holdings in Michaels Companies by 12.8% during the first quarter. Brinker Capital Inc. now owns 25,374 shares of the specialty retailer’s stock worth $500,000 after buying an additional 2,879 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Michaels Companies by 7.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 52,994 shares of the specialty retailer’s stock worth $1,045,000 after buying an additional 3,543 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in Michaels Companies by 4.6% during the second quarter. Mutual of America Capital Management LLC now owns 95,902 shares of the specialty retailer’s stock worth $1,838,000 after buying an additional 4,180 shares in the last quarter. Finally, Pegasus Partners Ltd. boosted its holdings in Michaels Companies by 1.9% during the second quarter. Pegasus Partners Ltd. now owns 228,832 shares of the specialty retailer’s stock worth $4,387,000 after buying an additional 4,191 shares in the last quarter.

About Michaels Companies

The Michaels Companies, Inc owns and operates arts and crafts specialty retail stores for Makers and do-it-yourself home decorators in North America. It operates Michaels stores that offer approximately 45,000 stock-keeping units (SKUs) in crafts, home decor and seasonal, framing, and paper crafting; and Aaron Brothers stores, which offer approximately 5,600 SKUs, including photo frames, a line of ready-made frames, art prints, framed art, art supplies, and custom framing services.

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Analyst Recommendations for Michaels Companies (NASDAQ:MIK)

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