Michaels Companies (NASDAQ:MIK) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Thursday, November 9th.
MIK has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Michaels Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Piper Jaffray Companies reiterated a “hold” rating and issued a $18.00 price target on shares of Michaels Companies in a report on Friday, September 29th. ValuEngine upgraded shares of Michaels Companies from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Bank of America reissued a “buy” rating and issued a $29.00 target price on shares of Michaels Companies in a research note on Tuesday, September 5th. Finally, J P Morgan Chase & Co raised shares of Michaels Companies from a “neutral” rating to an “overweight” rating and set a $23.00 target price on the stock in a research note on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $24.29.
Shares of Michaels Companies (NASDAQ:MIK) traded up $0.84 during trading on Thursday, reaching $19.34. 2,877,412 shares of the company’s stock were exchanged, compared to its average volume of 2,137,353. The stock has a market capitalization of $3,355.49, a PE ratio of 9.61, a PEG ratio of 0.83 and a beta of 0.86. Michaels Companies has a 12 month low of $17.25 and a 12 month high of $25.36. The company has a debt-to-equity ratio of -1.53, a quick ratio of 0.26 and a current ratio of 1.44.
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.
Receive News & Ratings for Michaels Companies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Michaels Companies Inc and related companies with our FREE daily email newsletter.