Michaels Companies Inc (NASDAQ:MIK) saw unusually large options trading on Monday. Stock investors purchased 1,957 put options on the company. This represents an increase of 1,558% compared to the average daily volume of 118 put options.

Shares of Michaels Companies (MIK) opened at $21.49 on Thursday. Michaels Companies has a one year low of $17.25 and a one year high of $24.24. The company has a market capitalization of $3,833.41, a P/E ratio of 10.74, a P/E/G ratio of 0.95 and a beta of 0.92. The company has a debt-to-equity ratio of -1.56, a quick ratio of 0.25 and a current ratio of 1.39.

Michaels Companies (NASDAQ:MIK) last released its earnings results on Thursday, November 30th. The specialty retailer reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Michaels Companies had a negative return on equity of 22.16% and a net margin of 7.33%. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the firm posted $0.40 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. analysts forecast that Michaels Companies will post 2.16 EPS for the current fiscal year.

MIK has been the subject of a number of analyst reports. Zacks Investment Research upgraded Michaels Companies from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. ValuEngine raised Michaels Companies from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Piper Jaffray Companies cut Michaels Companies from a “neutral” rating to an “underweight” rating in a research note on Friday, October 27th. Bank of America reaffirmed a “buy” rating and set a $29.00 target price on shares of Michaels Companies in a research note on Tuesday, September 5th. Finally, BidaskClub cut Michaels Companies from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $24.00.

Institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Michaels Companies by 11.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,556 shares of the specialty retailer’s stock valued at $103,000 after acquiring an additional 549 shares during the period. Mckinley Capital Management LLC Delaware acquired a new stake in Michaels Companies in the second quarter valued at approximately $103,000. Pinebridge Investments L.P. acquired a new stake in Michaels Companies in the second quarter valued at approximately $124,000. Pacer Advisors Inc. grew its stake in Michaels Companies by 5.0% in the second quarter. Pacer Advisors Inc. now owns 8,028 shares of the specialty retailer’s stock valued at $149,000 after acquiring an additional 383 shares during the period. Finally, LS Investment Advisors LLC grew its stake in Michaels Companies by 24.6% in the second quarter. LS Investment Advisors LLC now owns 8,825 shares of the specialty retailer’s stock valued at $163,000 after acquiring an additional 1,745 shares during the period.

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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.

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