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Michaels Companies (NYSE:MIK)’s share price reached a new 52-week high on Wednesday , Stock Ratings Network.com reports. The stock traded as high as $17.44 and last traded at $17.11, with a volume of 311,733 shares traded. The stock had previously closed at $17.19.

A number of research firms have recently commented on MIK. Analysts at Macquarie reiterated a “neutral” rating on shares of Michaels Companies in a research note on Thursday, August 28th. They now have a $17.00 price target on the stock, up previously from $16.00. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Michaels Companies in a research note on Thursday, August 28th. They now have a $22.00 price target on the stock, up previously from $20.00. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Michaels Companies has a consensus rating of “Buy” and a consensus price target of $19.23.

The stock has a 50-day moving average of $15.74 and a 200-day moving average of $16.00. The company has a market cap of $3.528 billion and a P/E ratio of 20.03.

Michaels Companies (NYSE:MIK) last released its earnings data on Wednesday, August 27th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.07. The company had revenue of $948.00 million for the quarter, compared to the consensus estimate of $943.00 million. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that Michaels Companies will post $1.41 EPS for the current fiscal year.

The Michaels Companies, Inc is an arts and crafts specialty retailer in North America. The Company also operates a vertically integrated custom framing business.

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