News articles about Michaels Companies (NASDAQ:MIK) have trended somewhat positive recently, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Michaels Companies earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media coverage about the specialty retailer an impact score of 45.3219325368669 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
- American Century Companies Inc. Invests $3.28 Million in Michaels Companies Inc (MIK) (americanbankingnews.com)
- Analysts Expect Michaels Companies Inc (MIK) Will Post Earnings of $1.21 Per Share (americanbankingnews.com)
- Michaels Companies Inc (MIK) Shares Bought by Schroder Investment Management Group (americanbankingnews.com)
- Fixflo appoints Michael Murphy MBE as Non-Executive Chairman (property-magazine.eu)
- Michael Murphy MBE to be new Non-Executive Chairman at Fixflo (propertyreporter.co.uk)
A number of analysts recently weighed in on MIK shares. Zacks Investment Research upgraded Michaels Companies from a “sell” rating to a “hold” rating in a research note on Thursday, November 2nd. BidaskClub cut Michaels Companies from a “sell” rating to a “strong sell” rating in a report on Thursday, November 9th. Deutsche Bank cut Michaels Companies from a “buy” rating to a “hold” rating and set a $25.00 price objective for the company. in a report on Tuesday, December 12th. ValuEngine cut Michaels Companies from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Goldman Sachs Group raised Michaels Companies from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. Michaels Companies presently has an average rating of “Buy” and a consensus price target of $26.00.
Michaels Companies (NASDAQ:MIK) last issued its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Michaels Companies had a negative return on equity of 22.16% and a net margin of 7.33%. Michaels Companies’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. analysts predict that Michaels Companies will post 2.18 EPS for the current year.
In other news, CEO Carl Rubin sold 220,930 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $27.15, for a total value of $5,998,249.50. Following the completion of the transaction, the chief executive officer now directly owns 444,796 shares of the company’s stock, valued at $12,076,211.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.
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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.
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