The Michaels Companies, Inc. (MIK) EPS Estimated At $0.13

August 13, 2018 - By Adrian Erickson

The Michaels Companies, Inc. (NASDAQ:MIK) LogoInvestors sentiment increased to 1.32 in 2018 Q1. Its up 0.04, from 1.28 in 2017Q4. It is positive, as 26 investors sold The Michaels Companies, Inc. shares while 74 reduced holdings. 42 funds opened positions while 90 raised stakes. 190.77 million shares or 1.73% more from 187.52 million shares in 2017Q4 were reported.
Zebra Capital Mgmt Lc has invested 0.43% in The Michaels Companies, Inc. (NASDAQ:MIK). The Georgia-based Voya Invest Mgmt Ltd Liability Corporation has invested 0.14% in The Michaels Companies, Inc. (NASDAQ:MIK). Centurylink Investment Com reported 0.27% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK). Federated Pa, Pennsylvania-based fund reported 140,634 shares. First Tru Advsrs L P reported 0.02% in The Michaels Companies, Inc. (NASDAQ:MIK). Schwab Charles Mngmt reported 583,129 shares stake. Weiss Multi reported 0.17% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK). 207,973 are owned by Jupiter Asset Management Ltd. Advisory Services Networks Limited Liability Corporation invested in 0% or 365 shares. Riverhead Cap Mngmt Lc accumulated 0.19% or 227,395 shares. Advantus Inc has 0.01% invested in The Michaels Companies, Inc. (NASDAQ:MIK) for 13,498 shares. 461,800 are owned by Quantitative Investment Management Ltd. Spark Invest Mgmt Ltd Liability Corp holds 0.45% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK) for 353,500 shares. Moreover, Teacher Retirement Of Texas has 0% invested in The Michaels Companies, Inc. (NASDAQ:MIK). Renaissance Technologies Llc stated it has 436,500 shares or 0.01% of all its holdings.

Analysts expect The Michaels Companies, Inc. (NASDAQ:MIK) to report $0.13 EPS on August, 30 before the open.They anticipate $0.06 EPS change or 31.58 % from last quarter’s $0.19 EPS. MIK’s profit would be $23.67 million giving it 38.94 P/E if the $0.13 EPS is correct. After having $0.39 EPS previously, The Michaels Companies, Inc.’s analysts see -66.67 % EPS growth. The stock decreased 0.64% or $0.13 during the last trading session, reaching $20.25. About 1.84M shares traded. The Michaels Companies, Inc. (NASDAQ:MIK) has declined 3.71% since August 13, 2017 and is downtrending. It has underperformed by 16.28% the S&P500.

The Michaels Companies, Inc. (NASDAQ:MIK) Ratings Coverage

Among 9 analysts covering Michaels Companies (NASDAQ:MIK), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. Michaels Companies had 11 analyst reports since March 2, 2018 according to SRatingsIntel. On Thursday, March 22 the stock rating was maintained by Stephens with “Buy”. The stock has “Buy” rating by Guggenheim on Thursday, March 22. The company was maintained on Friday, March 23 by Morgan Stanley. Piper Jaffray maintained The Michaels Companies, Inc. (NASDAQ:MIK) on Thursday, March 22 with “Sell” rating. Deutsche Bank maintained the stock with “Buy” rating in Monday, March 19 report. Piper Jaffray maintained The Michaels Companies, Inc. (NASDAQ:MIK) on Monday, March 5 with “Sell” rating. The rating was maintained by Loop Capital on Friday, March 23 with “Hold”. The stock has “Buy” rating by Telsey Advisory on Thursday, March 22. The stock of The Michaels Companies, Inc. (NASDAQ:MIK) earned “Overweight” rating by JP Morgan on Friday, March 23.

The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores in North America. The company has market cap of $3.69 billion. It operates Michaels stores that offer approximately 33,000 stock-keeping units in crafts, home decor and seasonal, framing, and paper crafting; and Aaron Brothers stores, which offer approximately 5,900 SKUs, including photo frames, a line of ready-made frames, art prints, framed art, art supplies, and custom framing. It has a 10.81 P/E ratio. The firm also operates Pat Catan's stores that provide approximately 53,000 SKUs, including an assortment of kids craft items, fine art supplies, yarn, floral supplies, scrapbooking materials, home decor, bakeware, and wedding related merchandise.

Another recent and important The Michaels Companies, Inc. (NASDAQ:MIK) news was published by Nasdaq.com which published an article titled: “3 Top Retail Stocks to Buy Right Now” on July 31, 2018.

The Michaels Companies, Inc. (NASDAQ:MIK) Ratings Chart

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