$0.13 EPS Expected for The Michaels Companies, Inc. (MIK)

August 13, 2018 - By Billy Entrekin

The Michaels Companies, Inc. (NASDAQ:MIK) LogoInvestors sentiment increased to 1.32 in Q1 2018. Its up 0.04, from 1.28 in 2017Q4. It increased, 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.
18,278 were accumulated by Petrus Lta. Stone Ridge Asset Mgmt Limited Liability Co stated it has 0.11% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK). United Capital Fincl Advisers Lc has 0.01% invested in The Michaels Companies, Inc. (NASDAQ:MIK). Ellington Management Group Inc Limited Liability has invested 0.08% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK). Federated Incorporated Pa accumulated 140,634 shares. Mason Street Limited Liability, a Wisconsin-based fund reported 55,531 shares. Alliancebernstein Lp reported 4.69M shares. Prelude Cap Management Limited Liability has 10,796 shares for 0.02% of their portfolio. Gsa Capital Prns Llp has 0.03% invested in The Michaels Companies, Inc. (NASDAQ:MIK). 20,600 are owned by Utah Retirement. Liberty Mutual Grp Asset has invested 0.01% in The Michaels Companies, Inc. (NASDAQ:MIK). Goldman Sachs Group Inc has invested 0% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK). Cubist Systematic Strategies Limited Liability Corporation reported 103,350 shares or 0.12% of all its holdings. 251,756 were accumulated by Trexquant Inv Lp. Catalyst Cap Advisors Limited Liability Corp has 0% invested in The Michaels Companies, Inc. (NASDAQ:MIK).

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. Deutsche Bank maintained the shares of MIK in report on Monday, March 19 with “Buy” rating. Morgan Stanley maintained The Michaels Companies, Inc. (NASDAQ:MIK) rating on Friday, March 23. Morgan Stanley has “Overweight” rating and $25 target. JP Morgan maintained the stock with “Overweight” rating in Friday, March 23 report. Guggenheim maintained The Michaels Companies, Inc. (NASDAQ:MIK) on Thursday, March 22 with “Buy” rating. Piper Jaffray maintained the shares of MIK in report on Thursday, March 22 with “Sell” rating. Piper Jaffray maintained the shares of MIK in report on Monday, March 5 with “Sell” rating. The stock has “Buy” rating by Stephens on Thursday, March 22. Telsey Advisory maintained the shares of MIK in report on Thursday, March 22 with “Buy” rating. The firm has “Hold” rating by Loop Capital given 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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.