$0.38 EPS Expected for The Michaels Companies, Inc. (MIK)

May 17, 2018 - By Nellie Frank

The Michaels Companies, Inc. (NASDAQ:MIK) LogoInvestors sentiment decreased to 1.28 in Q4 2017. Its down 0.08, from 1.36 in 2017Q3. It worsened, as 24 investors sold The Michaels Companies, Inc. shares while 76 reduced holdings. 52 funds opened positions while 76 raised stakes. 187.52 million shares or 0.05% more from 187.41 million shares in 2017Q3 were reported.
Prelude Mgmt Limited Liability Corp holds 9,633 shares. 11,735 were reported by Tudor Invest Corporation Et Al. 543,922 were accumulated by Schwab Charles Mngmt Incorporated. Cetera Advisor Network Llc owns 8,550 shares for 0.01% of their portfolio. Jupiter Asset Mngmt Limited accumulated 227,796 shares or 0.16% of the stock. Segall Bryant & Hamill Ltd Liability Corp owns 32,910 shares. Jane Street Grp Incorporated Ltd Liability Corporation stated it has 16,496 shares. Bancorporation Of America De has 768,784 shares for 0% of their portfolio. Retirement Systems Of Alabama accumulated 142,756 shares or 0.02% of the stock. Arizona State Retirement Sys has invested 0.02% in The Michaels Companies, Inc. (NASDAQ:MIK). Ngam Advsrs Limited Partnership accumulated 29,485 shares. Aperio holds 0.02% or 198,252 shares. Citadel Advisors Ltd Liability Com stated it has 0.01% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK). New York-based Glenview Capital Management Ltd Liability Corp has invested 0.48% in The Michaels Companies, Inc. (NASDAQ:MIK). Earnest Ptnrs Ltd Com has 30 shares.

Analysts expect The Michaels Companies, Inc. (NASDAQ:MIK) to report $0.38 EPS on June, 5.They anticipate $0.00 EPS change or 0.00 % from last quarter’s $0.38 EPS. MIK’s profit would be $69.18M giving it 12.47 P/E if the $0.38 EPS is correct. After having $1.19 EPS previously, The Michaels Companies, Inc.’s analysts see -68.07 % EPS growth. The stock increased 0.48% or $0.09 during the last trading session, reaching $18.95. About 878,544 shares traded. The Michaels Companies, Inc. (NASDAQ:MIK) has declined 10.60% since May 17, 2017 and is downtrending. It has underperformed by 22.15% the S&P500.

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

Among 12 analysts covering Michaels Companies (NASDAQ:MIK), 8 have Buy rating, 1 Sell and 3 Hold. Therefore 67% are positive. Michaels Companies had 16 analyst reports since November 30, 2017 according to SRatingsIntel. The stock of The Michaels Companies, Inc. (NASDAQ:MIK) has “Sell” rating given on Monday, March 5 by Piper Jaffray. Guggenheim maintained The Michaels Companies, Inc. (NASDAQ:MIK) on Wednesday, January 3 with “Buy” rating. The stock has “Buy” rating by Stephens on Thursday, March 22. The firm has “Buy” rating by Deutsche Bank given on Monday, March 19. The stock has “Sell” rating by Piper Jaffray on Thursday, March 22. The rating was maintained by Guggenheim on Thursday, March 22 with “Buy”. As per Tuesday, January 16, the company rating was upgraded by Goldman Sachs. The firm has “Hold” rating by Loop Capital given on Friday, March 23. Morgan Stanley maintained the stock with “Overweight” rating in Friday, March 23 report. The stock of The Michaels Companies, Inc. (NASDAQ:MIK) earned “Hold” rating by Deutsche Bank on Tuesday, December 12.

The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores in North America. The company has market cap of $3.45 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 9.04 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.

More news for The Michaels Companies, Inc. (NASDAQ:MIK) were recently published by: Nasdaq.com, which released: “Research Report Identifies Kinder Morgan, Annaly Capital Management, VirnetX Holding, Thermo Fisher Scientific …” on May 07, 2018. Streetinsider.com‘s article titled: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” and published on May 15, 2018 is yet another important article.

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

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