$1.21 EPS Expected for The Michaels Companies, Inc. (MIK)

February 23, 2018 - By Clifton Ray

 $1.21 EPS Expected for The Michaels Companies, Inc. (MIK)
Investors sentiment decreased to 1.36 in Q3 2017. Its down 0.45, from 1.81 in 2017Q2. It is negative, as 27 investors sold The Michaels Companies, Inc. shares while 63 reduced holdings. 42 funds opened positions while 80 raised stakes. 187.41 million shares or 1.58% less from 190.43 million shares in 2017Q2 were reported.
Wellington Llp stated it has 922,380 shares or 0% of all its holdings. Strs Ohio invested in 225,000 shares or 0.02% of the stock. 168,833 are held by Stevens Cap Ltd Partnership. Scopus Asset Lp has invested 0.27% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK). Moreover, Bluemountain Mgmt Limited Liability Company has 0.04% invested in The Michaels Companies, Inc. (NASDAQ:MIK) for 91,477 shares. Stifel Fin accumulated 32,076 shares or 0% of the stock. Credit Suisse Ag owns 517,991 shares or 0.01% of their US portfolio. Parametric Port Associates Ltd Liability Corp has 0.01% invested in The Michaels Companies, Inc. (NASDAQ:MIK) for 572,700 shares. Skylands Ltd Co owns 420,100 shares. Invesco Ltd reported 1.32M shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 5,556 shares. Maverick Ltd accumulated 235,020 shares or 0.06% of the stock. Peak6 Investments Lp has invested 0.01% in The Michaels Companies, Inc. (NASDAQ:MIK). Deutsche Retail Bank Ag holds 0.01% or 401,227 shares. Northern Trust Corporation holds 0.01% in The Michaels Companies, Inc. (NASDAQ:MIK) or 935,815 shares.

Analysts expect The Michaels Companies, Inc. (NASDAQ:MIK) to report $1.21 EPS on March, 6.They anticipate $0.25 EPS change or 26.04 % from last quarter’s $0.96 EPS. MIK’s profit would be $219.33 million giving it 5.08 P/E if the $1.21 EPS is correct. After having $0.44 EPS previously, The Michaels Companies, Inc.’s analysts see 175.00 % EPS growth. The stock increased 1.69% or $0.41 during the last trading session, reaching $24.61. About 684,646 shares traded. The Michaels Companies, Inc. (NASDAQ:MIK) has declined 29.62% since February 24, 2017 and is downtrending. It has underperformed by 46.32% the S&P500.

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

Among 15 analysts covering Michaels Companies Inc (NASDAQ:MIK), 10 have Buy rating, 2 Sell and 3 Hold. Therefore 67% are positive. Michaels Companies Inc had 33 analyst reports since August 25, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, June 12 by Morgan Stanley. On Thursday, January 25 the stock rating was upgraded by Telsey Advisory Group to “Outperform”. The firm has “Buy” rating given on Thursday, January 21 by Goldman Sachs. As per Tuesday, December 12, the company rating was downgraded by Deutsche Bank. On Tuesday, August 25 the stock rating was maintained by Suntrust Robinson with “Buy”. As per Wednesday, January 3, the company rating was maintained by Guggenheim. The rating was maintained by Goldman Sachs with “Buy” on Friday, March 18. As per Monday, July 24, the company rating was upgraded by JP Morgan. The stock has “Neutral” rating by Bank of America on Friday, November 4. The rating was upgraded by Goldman Sachs on Tuesday, January 16 to “Buy”.

The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores in North America. The company has market cap of $4.46 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 12.34 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.

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