Somewhat Positive Media Coverage Somewhat Unlikely to Affect Michaels Companies (MIK) Share Price

News articles about Michaels Companies (NASDAQ:MIK) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Michaels Companies earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 47.0862666536485 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

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

MIK has been the topic of a number of research analyst reports. BidaskClub upgraded Michaels Companies from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. ValuEngine downgraded Michaels Companies from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Goldman Sachs upgraded Michaels Companies from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. Telsey Advisory Group upgraded Michaels Companies from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $23.00 to $32.00 in a report on Thursday, January 25th. Finally, Zacks Investment Research upgraded Michaels Companies from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Saturday, February 3rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Michaels Companies has a consensus rating of “Hold” and an average price target of $24.70.

MIK stock opened at $18.29 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.58 and a debt-to-equity ratio of -1.79. The company has a market cap of $3,369.39, a price-to-earnings ratio of 8.43, a PEG ratio of 0.83 and a beta of 1.24. Michaels Companies has a fifty-two week low of $17.25 and a fifty-two week high of $27.87.

Michaels Companies (NASDAQ:MIK) last posted its quarterly earnings results on Thursday, March 22nd. The specialty retailer reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.02). The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Michaels Companies had a negative return on equity of 24.07% and a net margin of 7.28%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 EPS. analysts expect that Michaels Companies will post 2.35 EPS for the current year.

In related news, CEO Carl Rubin sold 220,930 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 444,796 shares in the company, valued at approximately $12,076,211.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.30% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Michaels Companies (NASDAQ:MIK)

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