Michaels Companies (NASDAQ:MIK)‘s stock had its “hold” rating restated by investment analysts at Raymond James Financial in a research note issued to investors on Saturday.

Other equities analysts have also recently issued reports about the stock. Piper Jaffray Companies reaffirmed a “hold” rating and set a $18.00 price target on shares of Michaels Companies in a research note on Friday, September 29th. BidaskClub cut shares of Michaels Companies from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. ValuEngine raised shares of Michaels Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Bank of America reaffirmed a “buy” rating and set a $29.00 price target on shares of Michaels Companies in a research note on Tuesday, September 5th. Finally, Zacks Investment Research raised shares of Michaels Companies from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Michaels Companies has an average rating of “Hold” and an average price target of $24.00.

Michaels Companies (NASDAQ MIK) opened at $21.94 on Friday. Michaels Companies has a 52 week low of $17.25 and a 52 week high of $24.66. The company has a market cap of $3,970.83, a price-to-earnings ratio of 11.14, a price-to-earnings-growth ratio of 0.99 and a beta of 0.91. The company has a quick ratio of 0.26, a current ratio of 1.39 and a debt-to-equity ratio of -1.56.

Michaels Companies (NASDAQ:MIK) last issued its quarterly earnings data on Thursday, November 30th. The specialty retailer reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Michaels Companies had a net margin of 7.33% and a negative return on equity of 22.16%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same period last year, the company posted $0.40 EPS. The business’s revenue was up 1.1% on a year-over-year basis. sell-side analysts anticipate that Michaels Companies will post 2.2 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of MIK. Price T Rowe Associates Inc. MD boosted its holdings in shares of Michaels Companies by 15.3% in the 3rd quarter. Price T Rowe Associates Inc. MD now owns 22,865,977 shares of the specialty retailer’s stock valued at $552,671,000 after acquiring an additional 3,033,594 shares during the last quarter. Highfields Capital Management LP boosted its holdings in shares of Michaels Companies by 5.4% in the 4th quarter. Highfields Capital Management LP now owns 11,655,875 shares of the specialty retailer’s stock valued at $238,363,000 after acquiring an additional 600,902 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Michaels Companies by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 9,477,211 shares of the specialty retailer’s stock valued at $212,194,000 after acquiring an additional 615,723 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Michaels Companies by 7.1% in the 2nd quarter. BlackRock Inc. now owns 8,752,674 shares of the specialty retailer’s stock valued at $162,099,000 after acquiring an additional 583,585 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in shares of Michaels Companies by 52.1% in the 2nd quarter. Alliancebernstein L.P. now owns 6,090,904 shares of the specialty retailer’s stock valued at $112,804,000 after acquiring an additional 2,086,817 shares during the last quarter.

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Michaels Companies Company Profile

The Michaels Companies, Inc (Michaels) is an arts and crafts specialty retailer in North America. The Company’s segments include Michaels-U.S., Michaels-Canada, Aaron Brothers, Pat Catan’s and Darice. As of January 28, 2017, the Company operated 1,223 Michaels retail stores in 49 states and Canada, with approximately 18,000 average square feet of selling space per store.

Analyst Recommendations for Michaels Companies (NASDAQ:MIK)

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