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

August 13, 2018 - By Sheila Pollock

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 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.
Illinois-based Ubs Asset Americas Incorporated has invested 0% in The Michaels Companies, Inc. (NASDAQ:MIK). Tcw Inc holds 0% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK) for 15,800 shares. Pub Employees Retirement Association Of Colorado holds 17,328 shares. Gsa Cap Ptnrs Llp owns 0.03% invested in The Michaels Companies, Inc. (NASDAQ:MIK) for 30,165 shares. Cadence Capital Mgmt Llc holds 56,223 shares. 1.72 million were reported by National Bank & Trust Of New York Mellon Corporation. 198,286 are held by California Public Employees Retirement System. Paloma Ptnrs holds 0.03% or 110,795 shares in its portfolio. The Massachusetts-based Fmr Limited Liability Co has invested 0% in The Michaels Companies, Inc. (NASDAQ:MIK). Principal Fincl Grp Inc Inc has invested 0.01% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK). Rhumbline Advisers stated it has 0.01% in The Michaels Companies, Inc. (NASDAQ:MIK). Manufacturers Life The reported 0% in The Michaels Companies, Inc. (NASDAQ:MIK). Putnam Investments Limited Liability Company holds 186,502 shares or 0.01% of its portfolio. Parallax Volatility Advisers L P holds 0% or 1,854 shares in its portfolio. Lord Abbett & Com Limited Liability Corp reported 126,400 shares.

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 1.84 million 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. The firm has “Overweight” rating by Morgan Stanley given on Friday, March 23. Deutsche Bank maintained the shares of MIK in report on Monday, March 19 with “Buy” rating. The firm has “Overweight” rating by JP Morgan given on Friday, March 23. The firm has “Sell” rating by Piper Jaffray given on Thursday, March 22. The stock of The Michaels Companies, Inc. (NASDAQ:MIK) earned “Hold” rating by Loop Capital on Friday, March 23. Stephens maintained The Michaels Companies, Inc. (NASDAQ:MIK) rating on Thursday, March 22. Stephens has “Buy” rating and $2600 target. The company was maintained on Thursday, March 22 by Telsey Advisory. The stock of The Michaels Companies, Inc. (NASDAQ:MIK) has “Sell” rating given on Monday, March 5 by Piper Jaffray. The rating was maintained by Guggenheim on Thursday, March 22 with “Buy”.

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 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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